Looking at Macro timeframe and there are some interesting levels coming up Large scale harmonic bat pattern and demand level, Coupled with lower timeframe fibonacci cluster levels just above and around the higher timeframe demand level Fundamentally this stock is ~50% undervalued, losing money but has forward dividend of >11% as @$2.59 and it looks like it...
Monthly chart of IRI (ASX) Long term Butterfly and trend line support zone
IRI Weekly Looking for an entry into this, as fundamentals are good and it appears undervalued Technically near long term support level and has 2x bullish harmonic patterns being a bullish bat and a bullish anti shark These patterns complete at different levels being $0.40c and $0.205c Clearly I prefer $0.205 with oversold indicators as well but this may or may...
FNMA daily update Government has determined a path to release from conservatorship, if this happens then this stock will be relisted and be worth a lot more than the current value At present the stock is nearing a short to medium term resistance level using elliot wave and fibonacci/ harmonics between $4.62 and $4.69 There is a clear crab pattern that aligns...
Thought I would revisit Deep Yellow DYL ASX stock again to see where we are at This stock follows Elliott wave and fibonacci levels very well and was a 500% trade for me from $0.30 up to $1.50, there are multiple posts I created about it along the way The stock itself is in a long term holding pattern as it is unlikely to become profitable in the next 1-2...
Under legal issues for securities disclosure issues (or shareholders wanting to re-coop losses) Not sure if inventory disclosure issues really impact a businesses profitability or is considered enough to reward shareholders for losses, as that doesn't really impact profitability or value as carrying costs is already included in opex, but I'm not a fundamental...
Currently in a restructure, small cap stock with good fundamentals i.e. profitable and current ration of 2.0 is a software based company so has the ability to scale quickly without large investment Will be eyeing up a position around $0.42, with first target around $1.50 and possible exit around $2.45 This is a monthly chart so is a long term trade... Option B...
Closer look at higher timeframe chart Price has already moved and on track to close gap on chart, Ideally this will drop to below the prior low with indicator divergence which would be a good place to buy for the larger move higher Profit margin on this position would be better than the MGPI position posted today as well
Oil and Gas Royalty trust Multiple reasons to buy, but I will not be as my local broker does not enable purchases for this Interesting chart with decent fundamentals I do not know the rules around royalty trusts, or if you can trade these or purchase only and what the terms are on the lease agreements to extract oil and gas...
3x potential ends of wave 5s, Likely to see some significant moves up to finish a wave It will be interesting to see what happens from there but I suspect there will be some retracement and possible complex correction for quite a while before pushing higher The triangle is over a decade long... so likely to continue higher medium to long term
Looking for another push into an intermediate term wave 5, see lower timeframe view Supply level is close to a fib projection cluster level so may see some resistance there or profit taking...
This should be a warning to anyone considering buying CBA in the medium term I'm not going to act on this but would be considering hunting for confirmed short opportunities as R:R would be high and quick..
Fannie Mae looking to break out of an 11yr budget... Full disclosure, I've owned this stock for years scaling in and out hopefully this is the start of a big move
Full disclosure, I've owned this stock from 2011 and already pulled my original money out and also scaled back in again over time Has had a multi year triangle building for years, and broke out of this and closed outside of this at a daily level in the last 12 hours A trump victory puts the release from government conservativeship back on the table again which is...
Buying long term position in high risk gold miner today Exploration company but just purchased plant to start producing gold... Technically this has bollinger band squeeze at $0.023 cents per share - it definitely is a penny stock! don't think I've ever bought something so low in 20 years...!! Could have massive reward to risk if it turns profitable i.e. reward...
Thought it was interesting to see a Nen star pattern on a monthly chart Personally the upside is not large enough as there are a couple of fundamental negatives which are putting me off this stock Posting out of interest only...
Appears to have expanding triangle in the CD leg of a larger butterfly pattern Hoping it drops to around $1.80 and will buy around there with any buying pressure showing
On trading halt while they do a $700mil capital raise Hoping it drops to ~$1.80 ish for a long term buy due to technicals but fundamentally needs a restructure of debt or more equity... Carrying too much debt from memory due to their residential developments with long cash cycle payments which is problematic when the market stalls and buyers dry up Basically too...