800% extension for Pharos Energy?** risky, small market cap **
On the above 6 week chart price action has corrected 98% since 2007. A number of reasons now exist for a bullish outlook, they include:
1) Price action and RSI resistance breakouts.
2) Support on past resistance following a 4 year accumulation period.
3) No stock splits since 330.
4) Market resistance sits between 100 and 180.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: Seriously small position size
Timeframe for
TSCO - 4 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- sin
I do think BIRD will be one of my best investments of all time.
Innovative Technology: Blackbird operates in the cloud-native video editing and publishing software market with its platform named Blackbird. This platform allows for frame-accurate navigation, playback, viewing, and editing in the cloud, which is particularly beneficial for video professionals in various sectors including news, sports, and entertainment. The technology's ability to handle video in a cloud-based environment offers significant advantages like cost savings, reduced hardware req
Fraser's Group - negative From the bottom of the pandemic they went from 180 to 995.
In Oct 24 they broke to the downside after forming a triangle pattern from July 22 to Oct 24.
There was no indication that the price would break out to the upside from that pattern.
In technical analysis, the target for Shorters would be 409.
GLA and DYOR. This is not a solicitation to hold or trade.
Tesco’s Loyalty Boost Sparks Channel BreakoutTesco's share price has come alive, breaking out of its recent lull just in time for the critical holiday season. With a long-term uptrend intact and a timely nod from the UK regulator on its loyalty schemes, the supermarket giant is flexing its retail muscles once again.
A Year of Growth, Loyalty, and Market Leadership
Tesco’s share price has been locked in a strong uptrend this year, supported by the 50-day simple moving average (SMA) consistently trading above the upward-sloping 200-day
When is a stock too high to buy? (Example: IHG)How do you know when you’ve missed the boat?
A stock has already gone up a tonne, so bascally you are too late!
Sometimes, you just have to let go, right?
Sometimes yes, but not always - let’s look at an example.
International Hotels Group (IHG)
Back in 2020, LSE:IHG IHG shares were trading down at ~2000 GBX, now they are a hairs breadth from 10,000 - that’s 5X in about 4 years. Not bad.
Can you really even think about buying shares at 10,000 that were 2,000 only 4 years ago. 🤔
We’re sa
NG. - Long: bull flag breakout NG. has formed a bull flag with a falling parallel channel and is about to breakout. Bull flag is a continuation pattern so woith complete formation of bull flag, expected price target is 1230 which 24% profit from current price.
If we connect two highest points on a weekly point, they coincide with the same price target of 1230, completing formation of a bull flag.
Price is also above SMA200.
If price retraces back to lower parallel channel trendline, this would be a good add level as ther
Easyjet ready to fly?Easyjet records better financial statements, looking at the report is possible to read that LSE:EZJ flew about 5% increase in seats when compared with last year.
The revenue increased by 14% this mainly because of the increase of 8% in capacity. Looking over the financial indicator it's noticeable an increase in revenue and the difference compared to 13 week moving average.
The price breakout for the second time above the top of ascending triangle following for a cross over the 200ema. The
I'm 🇬🇧 for the night - LONG ALFA @ 221.0It would seem, from a short backtest, that my algo works across the pond as well. In the last 12 months, it generated 26 buy signals on LSE:ALFA , traded in London. Using my FPC exit, all 26 trades would have been profitable. And LSE:ALFA is very British polite, too. The average holding period was only 2.96 days but 16 of the 26 trades closed in 1 day, just the way you want them to. A couple of hooligan-ish trades ruined that average for everyone else. Isn't that always the case? The a
RR > Gate Closed >Recent price action suggests a potential double-bottom formation near the prior resistance level at the current low of circa 530's. A failure to break above this level could lead to further downside pressure, with the next support level anticipated around the psychological level of 500.😍























