Tag Archives: profit target

Shorting Technology – Cisco Systems H&S and an Island Reversal

For those of you not keen on becoming head and shoulder aficionados I do apologise but on my travels through the chart landscape today it seems to be all that I’m seeing. Everyone seems to love tech companies at the … Continue reading

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Apollo Group (APOL US) – Buy on Wedge Breakout

Hi everyone, the chart that I am looking at here is Apollo Group (APOL) and you can see that price has already broken out of a wedge formation. The reason I quite like the look of this setup is due … Continue reading

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Eldorado Gold (EAU AU) – Buy setup on base of range

Good morning to you all. The first setup I want to look at with you today is a range trade. This is one that you may see quite a few of around the traps and I think they can be … Continue reading

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HGG forms up for Symmetrical Triangle

After quite a sharp run up in price, Henderson Group has entered into a symmetrical triangle consolidation pattern (one could possibly argue double top pattern as an alternative). This will mean that traders will now be looking for a breakout … Continue reading

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Incitec Pivot (IPL AU) in Symmetrical Triangle

Hi everyone, I wanted to show you a chart from the Australian market of a symmetrical triangle in fertiliser maker IPL. I think that at the moment this type of consolidation pattern is similar to what we are seeing in … Continue reading

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Ramsay Health sees Symmetrical Triangle breakout

After trading in a consistent uptrend for many weeks – Ramsay (RHC AU) has broken through its most recent consolidation pattern – the symmetrical triangle. Regular readers of the blog will know that this is a pattern that we regularly … Continue reading

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