Rinehart

Rinehart Updated 

We broke the downtrend trendlines and have now tested the more recent trendline with a spring. 1.52 target is the pattern ends up being a crab.

Rinehart

61 Fib pull back in up trend. Daily double bottom and the entry is the retest / confirmation of the double bottom. VSA shows accumulation by smart money.

Rinehart

From $16 per share to $1.59 over Swissgate! Jefferies has come in with 300 Million to keep the company going. Any regulatory punishment will take 8 months + to complete. I can see them climbing to $8 - $10 per share. Then higher in a few years once they pay off their loan. Now to copy Warren Buffett and buy a "good" company at a cheap price.

Rinehart

I should have posted this a bit ago. Posting this for my buddy. Hopefully we just take off, but a retest of the triangle is of course possible too.

Rinehart

Pattern is clear as a bell. I would prefer that it was at the top of a trending market. Nonetheless, the neckline was respected so the trade is worth taking.

Rinehart

Very clear symmetrical triangle with clean exactly trendline touches. We have had a 4 hour close above resistance. Assuming the daily closes above resistance as well, we are in a good position to retest the previous high at 83.35 This level will be significant since it is the highest close on record. A close above this level could open up the full pattern...

Rinehart

Price has funneled higher in a rising wedge pattern. Now we have price closing beneath the rising trendline and previous horizontal support / resistance level. Best entry would be to sell a break of the most recent bar. There is a good chance that the trendline will be tested from beneath. However, price should not close back above the trendline if the pattern...