Gold hit resistance at $2000 and bottom of the channel could be next target.
This share reports earnings today. Downtrend broken and building what looks like a bull flag. Targets 29.40 and 33 if this bull flag breaks to the upside.
Tradingview has now added candle stick patterns. Very nice feature that points out things like engulfing candles (BE) , doji's (D), hammer candles (H)etc. ALSI is currently in a very precarious spot. It has broken through a long term resistance line, but is showing some bearish signals above this break. Not a very convincing break. Wait and see approach for me.
EQT Corporation is the largest producer of natural gas in the United States. Watch for a 17.55 break. A break would open 23.70 and 28 targets.
Wait for a break of the 26 levels for target 32 and 39 to open.
This share recently broke out of a downtrend and are now up against resistance at 5.18 levels. Keep an eye on a break of 5.20 on the daily chart to open 6 and 7.25 targets. Wait for the break.
A nice break by Glencore around the 3940 levels could see this one extend to the 4600 levels
FTSE look like it made a fake break back into this bullish looking flag. Bottom of the channel could become a target 5800
New listing and trading in a defined up channel right off the bat. Maybe an opportunity to enter at a test of the bottom of the channel 40. One to watch.
Rounded bottom, break and retest. This one looks set to test 14.80, 16.00 and even 16.60.
This beaten down share is building what looks like a bull flag on a weekly chart. Wait for a 10.17 break for 11.14 and 12.80 targets to open up.
A bullish flag break opened a target of 2085.
200 Break would open 214 first target. Bottom of channel 188.
Financial Sector ETF. Break of 24.50 opens 26.40 and even 28.50 targets. Break below 24.00 on the daily will trigger a stop loss.
USDZAR bounced hard off the 1630 level and have now reached what seems to be a defined channel between 1753 and 1630. Will the top of this channel hold ? If it does, we could see some dollar weakness/ZAR strength taking back to those 1630 levels again.
After a solid period of consolidation, that channel has broken to the upside and the 6000 level is looming.
Newgold has reached and extended way past bull flag technical targets. Maybe time for a breather sometime soon ? Gold is on fire and ZAR weakness is adding oil to this fire.