Possible trend reversal for Dixons Carphone. 123 low break - trend line break - above 100 day m/a
I think we could see more downside for Anglo American, 2016 trend line break early March, now have the potential for Head & Shoulders neckline break and a 123 high break into lower low. My target from the breaks is 865
PMO currently trading within an ascending triangle, usually a bullish structure and a continuation pattern found within a move. Not so often a reversal pattern as would be the case here, however the break from the ascending triangle would be a bullish move with a 123 low. Premier Oil is currently waiting for a lock in and vote of its convertible bond holders, any...
Lonmin performing well with SA Rand weakness and Platinum holding. LMI Has completed a 5 wave impulse move with more upside expected now, holding above 50 day m/a .Will be watching for break to a higher high and the break from structure. 170-190 target
I missed the perfect trade here with the breakout then consolidation and the trade was the break of consolidation, with this making higher lows and higher highs I will buy on a backtest.
If Premier Oil can break 68.5 then we have a 123 low with a price target in 90's.
Will be watching Cobham (COB) for the close above break for a 123 low
ABCD harmonic pattern at area of support. I will be looking at the shorter time frame charts for further entry signals.
Vedanta has returned to its long term trend line so could be worth a first attempt trade. Trend line touch is also at 38.3 Fib and return to moving average, with this we have RSI diverging to price and potential for MACD bullish divergence, although not completed yet.
Waiting for break from structure for entry. I still think this may have another move down to bottom of structure, but we must trade what we see not what we think may happen.
With price rising within a wedge and indicators diverging to price, this monthly chart is looking rather bearish. Wouldn't you agree?
A very low risk trade with good upside potential here, imo.
Here we have a higher low with a break to higher high - 123 Low. RSI has already had trend line break and I fully expect price to follow. Stops below recent low/trend line.
This is clearly breaking from its downtrend. I have a price target here of 300-315. The company seems to be making improved profit and reducing debt. Could this be a WH Smith type recovery
5 wave move down and approaching bottom of channel. I will be waiting for a first attempt trade @ 83.5
Watching for close of play today.