This pattern isn't a particularly tidy one and could also be a flag (rectangular) rather than a pennant. The pattern doesn't follow a technical 12 week uptrend or downtrend but price has generally been falling and I'd not be backing this one to break up as I probably lean more to it breaking down. A confident close below $0.38 would suggest 'game over' to me.This looked like it was breaking up on Friday with a nice candle, then they came out with what looked like a very nice driling update this am and kapow, down 10%. Very unusual. Maybe a buy the rumour sell the facts type thing.
So, still in pre-potential breakout position...
This pattern isn't a particularly tidy one and could also be a flag (rectangular) rather than a pennant. The pattern doesn't follow a technical 12 week uptrend or downtrend but price has generally been falling and I'd not be backing this one to break up as I probably lean more to it breaking down. A confident close below $0.38 would suggest 'game over' to me.
$12 looks like a possible target, but price needs to break above current resistance level.
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Yes, I'd say it needs to get above $13 to see a potential target of $15.58 Never been a big fan of TWE given its past reliance on Chinese market.TWE: Potential break-out above 12.36. Initial target is the old high (13.34).
I like that price is trading in a tight range just below the BO level. This allows short term traders to trade with a smaller initial stop loss size.
Disclaimer: I've already bought the small abc correction pattern. Any new BO would be a pyramid opp for me.
Hi I'm new here, finding this post very interesting fellas! I also noticed that the aviation related stocks (e.g., Qantas, FlightCentre, and Webjet) are following - at least what I believe - a wyckoff accumulation phase. We're now heading into the mark-up phase of the cycle IMO. I also think ticker FMG is now in an extended accumulation phase. Below is the chart for FMG, it shows how smart money have exited by distributing their holdings during the distribution phase. This may be a good time to - as the name implies - to accumulate!
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This is my estimation on how the accumulation - by following the wyckoff accumulation schematic - may potentially playout.
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Posted 21 October,2021...Brainchip possibly set to rocket
This one has broken out strongly and going on higher for whatever reason...?BRN which has been a popular stock amongst traders, could be about to break into all time high's...
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Should've picked it for January stock tipping, I picked another tech stock 4DS which has gone backwards
The off-take agreement for Tesla gave this a nudge yesterday.LTR up 18% yesterday courtesy of Twiggy Forrest. Stock has been trading in a falling price channel for some time and a break up out of said channel (if and when it happens) would suggest the stock could take off. Also possibly completing an Elliott Wave 4 and when that turns to Wave 5 EW Theory also suggests strong rises.
One to watch.
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