Strong looking chart on Thungela ResourcesKeeping a close eye on this one.
Looks to be putting in a nice tight flag pattern
Will definitely be buying on a strong breakout with high volume
HSBA Long BreakoutHSBA poised for breakout of ascending triangle. Great risk to reward set up with stop just below 5.20. First profit target 6. Sell half and move stop to break even. Second half of trade risk free with target of 6.68.
HUHTAMAKI Long IdeaAscending triangle pattern poised for breakout. Entering on the break of 37.50 with a stop around 34.75. Taking first profits at 43.00 moving stop to break even then second profit at 45.70.
Glencore Short IdeaGlencore has held up well and been a decent performer over the recent bear market. However the chart looks like this trend could be about to reverse. Double top here on the daily with a potential head and shoulders pattern forming. Decent R:R ratio.
Hermes International LongHermes, showing bullish divergence on RSI. Has put in a double bottom and bounced off a trendline that's been in place since 2018. Tight stop at 1032 making for nice risk to reward with first TP at 1295 and second at 1550.
BAE SYSTEMS (SELL)Formation of what looks like a rising wedge which is a reversal pattern. But I'm not so sure, it could be that the price oscillates in the ascending channel until breaking it from the top.
Watch it and see.
JD SPORTS FASHION (BUY)Breakout of the trendline-resistance after several rejections. In addition we have an RSI divergence signifying the return of the market. If we cross the 50 mark on the RSI and we possibly have a pull-back, we are definitely buying.
Avalanche Bullish Momentum ReversalHolding weekly support. Support also holding at bottom of channel. Signs showing bullish reversal imminent. Place initial stop, be prepared for retest. If there is a retest, scale in and wait for momentum. Move stop to break even. Profit targets 1, 2, 3.
ANTO Short IdeaTypical head and shoulders pattern. Looking to sell once the neckline is broken and closed below. Confirmation on the following day when low of breakdown bar is broken. Profit 1 10.35 and move stop loss to break even. Profit 2 8.75.
If overall market continues to fall it may be worth holding a small position to see if profit target 3 can be hit.
CCL HARMONIC BUTTERFLYharmonic pattern butterfly setup
posting harmonic setup ideas to track results, chart analysis and harmonic setups on weekly charts.
still in the learning phase posting ideas to help with my own analysis
Vodafone - Ascending triangle - what's next?The ascending triangle started to form at the start of the pandemic restrictions. Not fully formed yet, it is in a downtrend and therefore it's possible it will head lower. Wait and see. Fundamental factors are: cost of living, recession, a takeover/bid, inflation, interest rates (cost of capital) -
Lots to think about.
AZN: correction within a correction?A price action above 9780 supports a bullish trend direction. Crossing below this level will negate the trade idea.
Further bullish support above 9970.
Consolidatioin between 9900 and 10120.
Breaking above 10120 might target 10470.
Crossing below 9900 will be the first sign of weakness.
Downside price momentum also fading and might support the trade idea further.
MRO: bullish flag pattern applicable?A bullish trend is applicable above 147.00. Crossing below this level will negate the bullish trend.
A break below 148.50 will be the first sign of such pending weakness.
Consolidation between 150.00 and 156.00. Crossing above 156.00 might target 166.50.
Crossing below 150.00 will be the first sign of weakness.
Bullish flag pattern might be applicbale
BP - Make or break for the UK Oil giantBP. (BP.)
Short Term
We look to Buy at 390.00 (stop at 373.30)
The medium term bias remains bullish. The trend of higher lows is located at 377.50. Dips continue to attract buyers. Our overall sentiment remains bullish looking for higher levels.
Our profit targets will be 455.50 and 480.00
Resistance: 396.00 / 419.35 / 456.00
Support: 377.50 / 364.10 / 338.05
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Standard chartered HTF. Bulls are back in town.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 meaningful exposure which is of course very positive.
Most of Standard Chartered exposure comes from Asia which means interest rate hikes will be lesser impactful on income due to Asia generally cutting rates.
Targeting 8-10% growth up from 5-7%.
$750mln buy back program initiated at the last earnings report.
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Pensana Rare UK Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Saipem UK Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
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KAP short is coming soonThis is not a trade advice, this is my personal opinion and it may be wrong.
Constructive criticism is welcomed!
AVACTA breakout trading strategyFriday was a good day for avacta and it cemented that build up of the handle part of the cup and handle.
No we are looking for a solid breakout come Monday. Here I have detailed 3x approaches you could take, to take this trade.
Each with their advantages and disadvantages.
Thoughts welcome.
Bon chance!!
Anglo Amerian UK Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
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