Chopstick_Charlie

Chopstick_Charlie

Sangamo therapeutics, defensive sector has very much underperformed the overall market. Following channel for almost 20 years. Bullish candle on the May close, am watching for follow through. Holding trendline brings the .236 in play.

Chopstick_Charlie Updated 

Afternoon chaps and chapettes, we are looking at STAN forming a multi-year descending wedge, if we break out we should see some nice upside. RSI has worked its way out of resistance from circa 2007. Will go into more detail zoomed into the daily. UK banks have the lowest exposure to Russia comparable to the rest of Europe, Standard chartered has no direct...

Chopstick_Charlie Updated 

Multi timeframe analysis, interesting stock here. Currently locked in a distinguished downtrend channel. Day chart is showing a breakout of falling wedge, bullish reversal however directly above is channel resistance. RSI approaching overbought levels, trading above 10SMA. Will likely see resistance around the 14.77 level, around the 8 level appears a good buy...

Chopstick_Charlie Updated 

Interesting patterns forming on the Renko. Rising wedge breakdown with a retest the 8th of Feb. Bearish flag invalidated at a break of the .5 fib at 50,000. Support building up with a series of higher lows.

Chopstick_Charlie Updated 

Quarterly candles are showing a macro cup and handle, looks as though it needs to come down before we go up due to how to day looks. Shooting start pattern closes at the end of this month with a potential triple top in the supply zone. Stoch RSI over brought, RSI situated in the bullish zone. Will not be buying unless we either break out or retest 61.39 and...

Chopstick_Charlie Updated 

ABF, British multinational food processing and retail company, a real powerhouse when it comes to house hold products. Ovaltine, silver spoon, blue dragon, Kingsmill bread, Patak's curry, Twinings, Allinson and of course Primark - leading fast fashion brand with 384 stores across 13 countries. Trading at an historically attractive PE ratio of 17 and during a...

Chopstick_Charlie

Under Armor, a stock I have been watching closely. Multi-year falling wedge breakout and retest. Volume is screaming capitulation coming into 07 high of $9.28. RSI on the macro TF'S are oversold so I am very interested. Trading at a lower P/E ratio than peers in the sports brand sector. 10 SMA tracking sideways indicates a sideways moving market and we are...

Chopstick_Charlie Updated 

Just an idea, potential double bottom on .382 fib retracement. Maybe descending triangle forming ? Anchored VWAP from 07 low shows the lower deviation band has been an attractive buy in level.

Chopstick_Charlie Updated 

Bic has a p/e ratio of 6.5. 4.7% dividend yield. Has been down trending since 2015 and is now range bound with a high of 64.9 and a low of 38.5. Printing a falling wedge which is a bullish reversal pattern. RSI struggling with breaking into bullish territory at the 50 level. AO showing bullish divergence and no real momentum. Key levels indicated by...

Chopstick_Charlie

Platinum is consolidating after a breakout of a descending triangle that spans two decades. Eyeing a breakout of descending channel. RSI approaching bullish territory. Volume is very strong and has been since the retest of triangle pattern . Will be looking at buying all dips on weakness.

Chopstick_Charlie

Platinum is consolidating after a breakout of a descending triangle that spans two decades. Holding the .382 retracement swing low to high. Eyeing a breakout of descending channel. RSI approaching bullish territory. Volume is very strong and has been since the retest of triangle pattern. Will be looking at buying all dips.

Chopstick_Charlie Updated 

Sorrento therapeutics is a chart that interests me. Measured move from pennant hit exactly which explains the bounce but I am anticipating a move down to horizontal support at 1.50. Will go into more detail on the daily chart. RSI flashed into oversold conditions recently however no bullish divergence. High risk high reward however any buys in this area, in the...

Chopstick_Charlie

Etsy has been a phenomenal stock and its been on a very nice downtrend since its top in November. LTF chart printing a lovely diamond bottom. Wait for breakout upwards or buy on next sign of weakness. RSI coming into bullish territory. AO showing low volatility so a big move is on the way. Resistance @ .382 (162.65) 2YR/10YR spread close to inverting, keep...

Chopstick_Charlie Updated 

Ashford hospitality trust invest directly into the hospitality industry, mainly through hotels which of course have been annihilated since the pandemic, and there are arguments that business travel will never return to pre pandemic levels which Ashford hospitality rely on. At the start of 2020 the SEC launched an investigation into the business due to transactions...

Chopstick_Charlie

A very nice ascending triangle pattern forming, indicating continuation long. Moving averages trending bullish after 2 years of consolidation. RSI attempting to push through resistance. Ideally look to add on weakness however if breakout occurs we should be seeing some nice upside. DYOR NFA. Take care everybody.

Chopstick_Charlie Updated 

Monthly timeframe seems to be forming a symmetrical triangle with PA resting just above the 200 EMA. Relative strength index in a make or break position where we will bounce from over a decades support, or breakdown and visit oversold conditions. Fisher is at the lows and looking to start pointing up. We are also looking at a potential double bottom with the covid lows.

Chopstick_Charlie

Multi-year megaphone pattern since early 2017. Bullish shark in demand zone. MACD is looking to cross up, fisher transform showing bull divergence. The volume is screaming capitulation. P/E ratio of 8 is appetizing Will be targeting B @ 37

Chopstick_Charlie

We are looking at quite a nice setup here. Bull flag breakout and retest. We are also sitting on previous double top resistance so if we can flip that to support we will be in a good place. From a fundamental aspect the Board of Directors have authorized a 375 million dollar buyback program and only trading at 15 x earnings. Target 1 - 30 Target 2 - 40 Will look...