Here we have another Wolfe wave (been a few cropping up lately) with a price projection of 377, a 15% increase from current levels. Personally I will be looking for an entry @ 225 with stops below recent low, alternatively waiting for a break with a close from falling wedge would be another point of entry.
TALK is currently breaking from its trendline with a close above 176.5 giving a 123 low, RSI has already broke through resistance line, we can presume price will follow.
Chart explains this trade. I will only enter this trade with a close with break from structure.
Cobham looking to make a higher low with higher high (123 low)
Target from the 'Wolfe Wave' would be 650 as shown on chart, stop below recent low 528
This has a potential ABCD move with point D at expected resistance area. I will be taking a small short position at 313 with stop @ 316. Target 293
Break of 680 will give a 123 low - higher low and break for higher high- Trade the break with a target price of 740/750
Not with fantastic volume, but Amur Minerals today broke out of its corrective 5 wave structure. This should have a price target of 20p
Again, one to watch for close.
Strong RSI weakness with MACD divergence to price indicates the potential for a pullback. Low risk trade with tight stop
Here we seem to have a corrective wave pattern. Buy the break with a target of 20p
In the sector we have RRS & FRES breaking out of a similar structure, watch here for a close above resistance.
A close above 312 would give the break for a higher high - higher low - 123 low.
This is clearly now in an upswing. Missed the backtest of 123 low so will watch for buy entry
Potential for an ADCD move here with point D at resistance. One to watch
This has potentially completed a 5 wave move down within a falling wedge. I will be looking for a break from wedge with a potential ABC move to follow
Randgold Resources has this morning announced a dividend of $1 per share with ex divi date 16th March. This has now broke out with a higher high. I will be watching EOD to see if this will close above 6915. This does look a buy to me with a target of around 8200. Gold price has a big part to play here obviously.