andmk2

andmk2

Clear break through support makes it bearish.

andmk2 Updated 

Breakout on Nickel. Clear as mud!

andmk2 Updated 

Nickel could be at the start of a trend reversal. Double bottom pattern started in June 2015 and is now complete Next step is to break 200 EMA resistance, which is already being tested.

andmk2

After today's results, will VOD break away from the Triangle pattern which has been forming since 2014? On this monthly chart, it's still in an uptrend, so the answer is probably yes. NOTE: RSI is not supportive though and shows divergence.

andmk2 Updated 

It seems that SML is finalising a cup and handle pattern, which also contains a H&S pattern. I think that represents a bottom formation and is bullish. Wait and see.

andmk2 Updated 

The numbers refer to the chart: 1 - TRAK hit 200 EMA and horizontal resistance 2 - Broke through 200 EMA 3 - Met horizontal resistance 4 - Is this the pullback? So, will TRAK break through the resistance or will it hold? Wait and see.

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The chart proves a few things: 1) A double bottom formed, so the hourly trend should reverse. 2) BTC is so volatile. You need very wide stops to trade it successfully. 3) What happens to BTC in a few days, can take weeks or months in other currency markets. Note: As some talking heads say, BTC is not a currency, it's a commodity.

andmk2 Updated 

Breakout from 2.34, but does it have the legs to go past 2.49? Looks like a bottom is in place but will the trend reverse now or much later?

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After today's positive results, can BP break its long standing resistance at 518p? A resistance that's been in pace since 2011. It looks like this is the time. Wait and see.

andmk2 Updated 

Volex has broken out and is heading towards its weekly 200 EMA.

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Since June ETH has formed an ascending triangle. In an uptrend, that's bullish, although it can easily fail. Wait and see.

andmk2 Updated 

After creating a cup pattern since March 2013, BGO has every chance of moving much higher. That depends on if it can profitably grow its business.

andmk2 Updated 

Is this RBS's time, with a breakout from 269p.

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Is this a breakout from the pennant Northern Bear has formed? Wait and see.

andmk2 Updated 

Will BT break below its 2013 support?

andmk2 Updated 

Good RNS which shows the company is likely to have better prospects in the US sanitisation market. The share price also formed a triple bottom since August last year, and today's price easily broke that resistance. A breakout on substantive news is bullish and the shares are now in play.

andmk2 Updated 

.On the weekly, chart there's a symmetrical triangle, and it's in a downtrend. It has 6 touches, 3 on either side. If it goes to plan, the pair should fall lower and break out, as this is a continuation pattern and not a reversal.

andmk2 Updated 

.Nat Gas has nearly finished its H&S pattern Downtrend could continue