Crude OIL WTI Dec 2023 contract in flag convergence with a strong rebound yesterday. Buy at 73 with SL at 71 just below the pin bar low. Fundamentally, a lot of geopolitical surprises can spring it up. Down turn in economy from higher rates already in the price. Crude oil in Backwardation means you buy Dec oil for much cheaper than today.
Bullish pinbar candle on week ending 27 Jan 2023 gives a buy at 248 with SL at the pin low of 230.8 Stock rallied despite lower guidance on earnings this week, showing strong appetite from buyers
Bullish Flag continuation Buy at 22.28, Tight SL at 20.9 just below the last pinbar Chance of another dip and false breakout back up for a second bullish entry.
AMEX:LNG BUY on Ascending Triangle convergence with a good squeeze, accompanied with 3 consolidated candles making a strong bullish pinbar On longer term also, LNG has been in a rising wedge kind of formation ready to break. Buy at 65.7, Tight SL at 60
NYSE:SRE Rising Wedge Breakout Resistance tested as new support BUY at 129.3, SL at 124 just below the consolidated pinbar candles' low Also supported fundamentally by falling interest rates (10Y treasury) that make the yield on these safer utility companies attractive
NASDAQ:JJSF Rising Wedge over many years w a good squeeze now Consolidated candlesticks giving a buy pinbar BUY at 162, SL at 149.5 just below the pinbar low
AMEX:IYR Ascending Triangle Breakout & Resistance line tested as support w Consolidated candles forming a buy pinbar BUY at 88, SL at 82 Also supported fundamentally by falling interest rates (10Y treasury)
NASDAQ:OTTR BUY OTTR Rising Wedge Squeeze Continuation with consolidated candles forming a buy pinbar Also supported fundamentally by falling interest rates (10Y treasury) Buy at 50.6, tight SL at 48 just below the pinbar candle low
LSE:URA Excellent squeeze of a Descending Tri made from multiple upper and lower points. Bullish Triple Tower
NYSE:VEEV Rising Wedge Breakout with pullback support on Upper Line with a Bullish TwinTower
NYSE:SAVE BUY Descending Triangle with Bullish TwinTower at upper line
AMEX:SLX BUY SLX on Flag and bullish Twin Tower
Excellent flag over last two years, and now a strong bullish pinbar formed from 4 consolidated candles. The short covering can easily shoot it up.
NYSE:BYD LONG BYD Mini Asc Triangle / Penant, with a good pole and 3 candle consolidated pin hammer Entry: 36.4 SL: 32.8 giving room for a false breakout down
NASDAQ:CSCO BUY Penant / Mini Descending Triangle on a 4 Candle Consolidated Pin
NYSE:TTC Good length pole with a consolidating penant or mini descending triangle with 8 candle hammer pin pointing to upward momentum