Still 50/50 on PPH - ASXIf you look at my related idea, you can see $PPH wicked perfectly off the 50 fib retracement. This is regarded as a 'healthy' pull back. It also wicked into an OB for some liquidity.
However, not overly convinced as of yet. Temporarily bullish due to fisher break and RVGI reset. If PPH moves sideways through trend line, builds more volume as support, we could see it pop off again.
Otherwise, $2.60 - $2.90 are buys. currently neutral on PPH. Awaiting further data.
A-shares
JKSE45 2 bearish 1 bullish scenarioJust to update my previous post a few months ago.
Scenario 1: We have seen 5 waves already and are now in a wave B triangle with another 5 waves down to come. Target S1 for -17%
Support: The triangle is clearly corrective, within the triangle waves A and B have almost completed, with wave C to come. If this scenario is in play I would look to enter a short somewhere around the 0.618 fib retracement - or around there somewhere. If anyone knows of any Indonesian brokers that allow shorting please let me know in the comments.
Scenario 2: My labelling isn't correct and we have have an extended 3rd wave and this is a wave 4 triangle. Target for this scenario is marked by S2.
Support: If scenario 2 unfolds it shouldn't go above the red line (wave 1 price extreme).
Scenario 3: The price drop labelled waves 1 - 5 is actually a double zig-zag and we are about to head for the upper trend-line again.
Support: Not much really, but it could happen. The triangle correction tends to point towards one of the other two scenarios.
If anyone has info please DM me. Thanks, at the moment I am not trading the JKSE45. This is published for educational purposes only.
Steppe Cement - Breakout with volume #bullishBreakout over 24 and accompanied by greater volume, a good sign.
Is it time for #Enquest to break out?Enquest is making a perfect ascending triangle pattern.
Will it break to the upside?
Watch and see.
Good week for BATM. Breakout from ascending triangleBreaking out of an ascending triangle.
Looks bullish.
Total shares gives perfect bearish setup around 60.0 Greetings everybody,
Mostly everything is said in title - Total shares could reverse down from 60 EUR level.
On lower time frames, even minor monthly retracement could lead to solid bearish trends.
AAZ ready to breakout?After a bullish cup and handle,
AAZ went from 36 to 46.
Is it now ready to break out for the next leg?
Astra Zeneca #AZN - Breakout day after H1 resultsBreakout day after a 2 year 1 month ascending triangle.
A buy signal if you're a technical analyst and you see the pattern the same way.
Philip Morris shares: expecting wave C upOn the hourly chart of PM shares, the price, most likely, has finished a corrective B wave within ABC zigzag. Expecting C wave or a new bullish cycle.
Sirius Minerals gapped through 200 EMA (bearish), but...On the daily chart: SXX gapped down through its 200 EMA, a bearish sign
BUT found support at 23.5 on it's weekly 200 EMA
Stochastic on daily chart is trending down and could result in another decline
Also filling the gap at 31.72 could trigger fresh round of selling.
Let's see what happens.
LVMH MC LongTraded within the light blue consolidation.
Reached the support that has proven its self on several occasions
Bull leg coming
Buying Disney sharesAt the daily chart of DIS shares, the price has formed a bullish divergent bar signal withing a possible end of wave 4. Buying at the breakout of the high level of the signal bar.
JD.COM in trouble if you care about head and Shoulders
For me JD.com will be a nice furture investment to battle Alibaba and Amazon, but by now they just don't make any profits and the chart tells the same story.
Buying opportunity at around 20 $ for a long run up.
Just my opinion so make your own research
and like always
May the markets be with us
#Centrica - 2 consecutive H&S patterns. Interpret that!No amount of technical analysis can interpret Centrica's
consecutive Head and Shoulder patterns.
Facebook FB LONGlong term: ascending triangle
Short term: price is still held in a triangle formation. a break on the downside seems more attainable.
scenario 1: break lower
sell after retset of 71.8 into support below
look for buy confirmations around the support region
scenario 2: break above
I would wait for a retest of of triangle
long till first target (once achieved reduce position size)
More for Hurricane Energy after breakout and retest?Classic breakout in April and retest in late May at 42p
Now on the way back up, but how much more?
Breakout for John Laing #JLGBreakout after good results.
Bullish.
NB: Posted early in the trading day, so there could be downward movement as the day progresses.
Breakout on $MACFBullish after a breakout of 70p resistance,
which has been in place since March 2016.
A2M - A2 Milk Company [Bulish Flag Setup]A2M looks set for a continuation off its bullish flag pattern, finding support at the 200 MA.
Blue sky above if it breaks through the top of the range / Will look for near-term support if it breaks through the bottom of the range
Note as the company is trading at a high PE, failing to meet forecasts/targets can have a significant impact on share price.
Is Albert Technologies about to break higher?ALB might break higher after breaking 35p,
retesting and now possibly moving higher.
Wait and see.
Long Adidas above area 180-190 with targert 200-210-225-260Long Adidas above area 180-190 with targert 200-210-225-260
Filtronic's looking bearish after bull trap last OctIn October 2017, it looked as if Filtronic was going to breakout of its range.
That wasn't the case, and now it appears to be bearish
with another test of 9.13
