Tag Archives: stock

QLOGIC (QLGC US) Sets up for Ascending Triangle

Lately I figured that it may be all symmetrical triangles for me from here on in – but today happily I found this ascending triangle on QLGC. We have been through a lot of this type of setup previously on … Continue reading

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BHP AU Sets up for Bullish Flag Breakout

It’s nice to be able to write about the biggest company in Australia every once in a while. On my travels through chart land last night I found this one – and even though I don’t see flag patterns nearly … Continue reading

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DCH (1828 HK) showing a Descending Triangle setup

The descending triangle setup typically has no inherent bias toward the long or the short side; A volume spike upon the breakout may add a degree of extra confidence to the breakout; The trader will typically wait for at least … Continue reading

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Victory City (HK) in Symmetrical Triangle setup

Victory City (539) shares form into a symmetrical triangle; This pattern has no inherent directional bias for the breakout; Look at the stochastic oscillator on the daily and on the weekly to help confirm direction of the breakout; Volume spikes … Continue reading

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Walgreen (WAG) setting up in a Pennant Formation

Whilst we try to look for as many different types of trade setups as we can one of the patterns that we don’t see all that often is the pennant. The other day I got a question on the blog … Continue reading

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Aquila Resources forms Symmetrical Triangle setup

Over the weekend at the Trading and Investing Expo in Sydney I was able to talk through dozens of chart setups with different attendees so I actually have plenty to share with you all in the week ahead. Taking something … Continue reading

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Shanghai Pechem shows an ascending triangle breakout

This is a chart worth taking a look at for your reference due to the aggressive breakout of price through the horizontal resistance line. One of the things that many traders look for in this type of setup is a … Continue reading

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