Monthly chart has clear 5 wave move into longer term bullish fibonacci cluster level This stock has taken a battering over the last few years and recently there is a monthly spinning top outside of the bollinger bands and a gap on the weekly at $1.05, so there is at least 25-30c to close this... I'm looking at the longer term bullish bias, so wont be trading...
Long term butterfly pattern on the Monthly Hit long term fibonacci cluster, I've already bought this as a long term position
Triangle Pattern, breaking out to upside - likely to see increases for the next 4-10 weeks
Already bought this back in November, but this is an update as it has currently broken out of a triangle and also a bollinger band squeeze pattern Likely to move higher relatively quickly now that the consolidation has completed
CVT closing in on 2009 low, I've entered within the triangle, scaling in as a small early position (this is a multi year trade) Currently broken lower as most triangles continue on, and there is a 5 wave structure lower and showing a fib cluster for a potential end of wave 5 Will buy again around the wave 5 cluster low if there are some bullish candles start...
Close to 2009 low, looking for a reason to buy on the lower timeframes at support Indicators are oversold as well on the monthly chart
Looking at Macro timeframe and there are some interesting levels coming up Large scale harmonic bat pattern and demand level, Coupled with lower timeframe fibonacci cluster levels just above and around the higher timeframe demand level Fundamentally this stock is ~50% undervalued, losing money but has forward dividend of >11% as @$2.59 and it looks like it...
Monthly chart of IRI (ASX) Long term Butterfly and trend line support zone
IRI Weekly Looking for an entry into this, as fundamentals are good and it appears undervalued Technically near long term support level and has 2x bullish harmonic patterns being a bullish bat and a bullish anti shark These patterns complete at different levels being $0.40c and $0.205c Clearly I prefer $0.205 with oversold indicators as well but this may or may...
FNMA daily update Government has determined a path to release from conservatorship, if this happens then this stock will be relisted and be worth a lot more than the current value At present the stock is nearing a short to medium term resistance level using elliot wave and fibonacci/ harmonics between $4.62 and $4.69 There is a clear crab pattern that aligns...
Thought I would revisit Deep Yellow DYL ASX stock again to see where we are at This stock follows Elliott wave and fibonacci levels very well and was a 500% trade for me from $0.30 up to $1.50, there are multiple posts I created about it along the way The stock itself is in a long term holding pattern as it is unlikely to become profitable in the next 1-2...
Under legal issues for securities disclosure issues (or shareholders wanting to re-coop losses) Not sure if inventory disclosure issues really impact a businesses profitability or is considered enough to reward shareholders for losses, as that doesn't really impact profitability or value as carrying costs is already included in opex, but I'm not a fundamental...
Currently in a restructure, small cap stock with good fundamentals i.e. profitable and current ration of 2.0 is a software based company so has the ability to scale quickly without large investment Will be eyeing up a position around $0.42, with first target around $1.50 and possible exit around $2.45 This is a monthly chart so is a long term trade... Option B...
Closer look at higher timeframe chart Price has already moved and on track to close gap on chart, Ideally this will drop to below the prior low with indicator divergence which would be a good place to buy for the larger move higher Profit margin on this position would be better than the MGPI position posted today as well
Oil and Gas Royalty trust Multiple reasons to buy, but I will not be as my local broker does not enable purchases for this Interesting chart with decent fundamentals I do not know the rules around royalty trusts, or if you can trade these or purchase only and what the terms are on the lease agreements to extract oil and gas...
3x potential ends of wave 5s, Likely to see some significant moves up to finish a wave It will be interesting to see what happens from there but I suspect there will be some retracement and possible complex correction for quite a while before pushing higher The triangle is over a decade long... so likely to continue higher medium to long term
Looking for another push into an intermediate term wave 5, see lower timeframe view Supply level is close to a fib projection cluster level so may see some resistance there or profit taking...
This should be a warning to anyone considering buying CBA in the medium term I'm not going to act on this but would be considering hunting for confirmed short opportunities as R:R would be high and quick..