Sometimes catching a wave is hard and other times it's about as easy as buying double A batteries from Woolworths. You pick when and where. Jokes aside, Appen is setting itself up to bounce off of the 8/1 gann ratio and longer term trend we've seen building over a 12+ month period. The weekly RSI is ticking oversold territory and could work in the favour of this...
ASX:Z1P continues to respect the trend after a long fall from its recent top. Holding this trendline could signal more growth.
Quite hard to ignore this formation of a cup and handle. Looking at the depth of the cup to the top of the handle, a breakout toward the 13200 to 13500 range is not off the cards. We should keep an eye on a breakout above the downward trend line of the handle. If broken with conviction, I will take a long position.
Looking at the daily time frame of AXP, I'm seeing an ascending triangle or possible wedge depending on whether you tightly follow the wicks. Recent rejection from the 55 MA and slowing volume could suggest it will continue sideways, having seen a lot of movement around the 0.236 Fib ratio it's entirely possible it hangs around here for the short term. Definitely...
We can see a strong bullish trend after the most recent low that has held the support line shown for the short term. If this support breaks, how low can we go? Otherwise, targets may look to aim toward the ATH~!
I'm super new and only just learning patterns. Here I had noticed a cup and handle forming, just now breaking out... New ATH to come?