Technology One (ASX) - Scanner Name - So Strong. Running global scans this weekend...Picked up this one on the ASX. Last: A$11.87 Stop: A$10.45
TNE - A good looking and up trending chart with Higher Highs and Higher Lows is in the process of a pull back! The question is that where should the pull back end for a possible buy entry. My expectation is that it may continue further down, possibly towards the Buy Zone between $8.10 - $8.40, where there is trendline support and 78.6% Fib Retracement. The second...
Weekly - making Cup & handle and on Daily have a Bullish Flag pattern
There is a trendline that stretches back to the beginning of time on this chart and the stock marches forward. It appears though that a top may have been reached. However, I'm not yet convince. We have two conflicting patterns here. A double top that indicates a fairly savage drop. Or a pennant which makes up the second peak that indicates a resumption. Of trend....
TNE has been in a well defined up trend since mid 2018, however a the confluence of a (fairly) symmetrical triangle formation with its apex on the 0.382 fib retracement line could signal a turning point. Note that a break down and failre of the trend line would result in a golden cross on the daily time frame, would send RSI plunging below its 30 period moving...
Wave count in play here should complete wave 5 then dump hard support marked.
Id like to see it break $7.54 to confirm continuation of trend but it has been a great performer. Technology One Limited is an enterprise software company. The Company is engaged in the development, marketing, sale, implementation and support of enterprise business software solutions. The Company's segments include Sales and Marketing, which includes sales of...