andmk2

andmk2

An almost perfect double headed H&S pattern completed this week with the price breaking out of the neckline to the downside. More weakness expected.

andmk2

Been in a downtrend since August 2020. Now repeatedly testing the upper downward channel. Not much volume though, but upward sloping RSI on the weekly chart. Is this the right time for a breakout? You decide. This is not a recommendation to trade (i.e. buy, hold, sell or initiate any other transaction).

andmk2 Updated 

Is this a breakout for intel after forming a 6 month triple bottom?

andmk2 Updated 

DRAX broken out of a bullish triangle this week. Bearish in my book. Expect retest at around 548. PS: This could also be a false breakout. This is not a recommendation to trade. Do your own research and make your own decisions.

andmk2

Clear breakout from 327, which was established resistance since 2016. Inverse Head and Shoulders pattern completed. Volumes have been ramping up since Feb this year and the shares are not oversold on the weekly RSI yet. Market likes their results today too. In my opinion, heading for 400p. Do your own research and this is NOT a solicitation to hold, buy or sell.

andmk2 Updated 

This is just for St James's Place, but you'll find inverse head and shoulder patterns in a lot of stocks on the FTSE 100. For me, that means a reversal on the pullback, and this week for example, STJ is confirming the reversal with a break about the neckline and 200 EMA acting as support.

andmk2 Updated 

A descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA) Could be a retest though at 20.50 Weekly chart has been used

andmk2 Updated 

After forming an 8 year inverse Head and Shoulder pattern is this the time Nat West breaks out? Still needs to get ahead of resistance at 325 though. DYOR and this is not a solicitation to take a trade.

andmk2 Updated 

Bullish triangle pattern forming and possible breakout to come. Not much volume though although good performance in the past few months.

andmk2 Updated 

In Feb 23 Foxtons made ranged instead of breaking out. It then took 10 month to head upwards. It tested its 30 day moving average in April and now more news of a sale process has led to today's increase of 6-10% in one day. Resistance hit during Feb 2020 was 97 and this could be hit again. Do your own research and trading and this is not a solicitation to...

andmk2

Poor results mean Nike has broken out of a triangle pattern which started forming in March 2022. Clean break down with large sell side volume.

andmk2 Updated 

Will BAB break out from its H&S pattern which started in Dec 2018 ?

andmk2 Updated 

Stage 1 base forming for Ocado, almost perfect rectangle, with multiple touches at 370 support. Is this a chance to go long, or will it break to the downside? wait and see. Do your own research (DYOR) and this is not a solicitation to make as trade.

andmk2

After creating a rectangle since Jan 2024, Legal and General has broken to the downside after lacklustre targets issued yesterday. Price is falling below 231 support. Since March 2013, L&G has gone nowhere and it looks like it could eventually hit 161, if the stock market reverts to a downtrend or business is below expectations.

andmk2 Updated 

The market seems to have recieved B&M's results positively. The fall in reported profit was expected. Technically this week could provide a launching pad for it to break to the upside from its weekly 50 ema. This is not a recommendation. Trade your own plan and make decisions based on your own research.

andmk2

Breaking out of rectangle patter formed since Feb 20 should mean an upside target of 648. Good results & defence industry make it more resilient in the face of other factors affecting the economy (e.g. election and recession). Do your own research and this is not a recommendation to trade in this stock.

andmk2 Updated 

Weekly chart: Triangle formed with 2 or more touches to both its upper and lower lines. Early breakout too and could signal a rise to 587. However, if this goes to form, it will retest the upper triangle line at 339 before heading higher. WARNING: This is not trading advice and just my own technical analysis. Do your own research and trade your own rules.

andmk2

Double bottom formed from May 19. Breakout Nov 23 Retest Feb 24 and now broken out to the upside in May Appears bullish to me but do your own research and decide on your own trades. This in NOT a recommendation.