CALT.NDisclaimer;
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CALT.N0000 trade ideas
PARQ - The LeaderThis is not an advice. Purely a personal opinion.
CSELK:PARQ.N0000
In the Stage Analysis method, the Advancing stage occurs when the stock breaks free from the Base and 30-week moving average.
The price of CALT moved up rapidly after breaking out the Base from the 30-week moving average.
After the breakout, it increased its advancement by a staggering 677%.
Similarly, PARQ is in its advancing phase and is backed by strong fundamentals.
It has only gained 165% gain from its breakout.
While observing the volume profile, it is noticeable for even a blind man that there is a freaking interest in the stocks.
Sellers are getting hammered daily, making them regret their decisions.
CALT.N0000 - Weekly Chart UpdateThe Fibonacci retracement levels are plotted based on the all-time high and low values, providing insight into potential support and resistance zones.
The key Fibonacci levels observed on this chart are :
0.236 Level: Around 73.2, which could act as a significant resistance if the stock starts moving up from the current levels.
0.382 Level: Around 60.8, another potential resistance.
0.5 Level: Around 50.7, often considered a pivotal level in retracement analysis.
0.618 Level (Golden Pocket): Around 40.6, which is a critical level and can act as strong support if the price approaches it from above.
Current Price and 21-Week Moving Average (Green Line) :
The price is currently around 43.8, slightly above the 0.618 Fibonacci level (40.6), suggesting the price is in a critical area.
The 21-week moving average (green line) is also near the current price level. This moving average could act as dynamic support if the price remains above it. If it breaks below, it may signal further downside risk.
Descending Trendline Resistance :
The chart shows a strong descending trendline that has been respected multiple times as resistance. The stock would need to break above this trendline to confirm a reversal or more significant bullish momentum.
Support and Resistance Levels :
Immediate Resistance: Around 47.1 (Weekly Mid Resistance) and 53 (Weekly Resistance).
Support Levels: The 0.618 Fibonacci level at 40.6 and the 0.786 level around 26.3 are key support areas. If the price falls below 40.6, the next significant support zone would be around 26.3.
Relative Strength Index (RSI) :
The RSI appears to be in a lower range, which could imply oversold conditions on the weekly chart. This may provide some support for the price, but a confirmed upward trend would still depend on breaking key resistance levels.
Summary:
The stock is in a consolidation phase near critical Fibonacci and moving average levels.
A break above 47.1 and ultimately above the descending trendline could signal the beginning of a potential reversal.
However, if the price falls below the 0.618 level (40.6), there may be a further downside risk, with 26.3 acting as the next major support.
The 21-week MA and the 0.618 level are crucial for maintaining the current consolidation or an upward move, so keeping an eye on these levels is essential.
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CALT.N0000Entry Point: 34 - 37
Stop-Loss: 32
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CALTCSELK:CALT.N0000
This chart and analysis are not financial advice. Do your own research before trading or investing.
The share price touched the 68-70 resistance zone with the 50 DMA at 69.00. Despite no breakthrough, substantial volume traded, and the price stayed above the 10 DMA at 61.20. As anticipated, the budget for the PDs held no surprises.
CALTCSELK:CALT.N0000
This chart and analysis are not financial advice. Do your own research before trading or investing.
The share price rebounded from the golden pocket support and surpassed key levels:
01. 10 DMA
02. Resistance zone 60-61
Next, it will encounter the 50 DMA at the R zone of 68-70. Today's robust trading volume signifies strong participant interest.
CALT.N - CAPITAL ALLIANCE PLCThis chart and analysis are not financial advice. Do your own research before trading or investing.
CSELK:CALT.N0000
Despite the weekly RSI trend line break, the daily chart reveals strong indicators. It found support at TL#1 and TL#3 and breached TL#2. An engulfing candle closed above the golden pocket support.
Immediate resistance: the 10 DMA. With a positive crowd outlook on the pending Q report, the price is poised for an upward trajectory.
CALT.N - CAPITAL ALLIANCE PLCCSELK:CALT.N0000
This chart and analysis are not financial advice. Do your own research before trading or investing.
In the weekly chart, CALT's share price closed within the 60-61 support range, ending the week with a red candle. This level coincides with the strong 0.5 Fibonacci support. The weekly RSI indicator shows that the support line remains intact, with a close above it.
Turning to the daily chart, breaking the 10-day moving average (DMA - the yellow line) is crucial for signs of an upcoming uptrend. The RSI indicator is also encouraging, with the share price finding support at S TL#1 and successfully breaking and closing above S TL #2.
CALT StatusAccording to the daily chart, the trendline from July has been clearly broken to the downside.
Currently, it is holding the 75.00 LKR level, which is crucial for the stock.
It can say that the stock is consolidating within 75.00 - 92.50 LKR range.
Immediate resistance box is 81.60 - 84.70 LKR, which has been created by the gap.
However, 75.00 LKR should be the stop loss (SL) for the stock. A close below 75.00 LKR, next support would be 60.40 LKR.
Note: To break a trendline or a support/resistance level, for me, either;
- the stock has to have 3 consecutive closes below/above that level OR
- a full candle should trade below/above that level
CALT.N - CAPITAL ALLIANCE PLCThis chart and analysis are not financial advice. Do your own research before trading or investing.
01. After a double top formation, the share price steadily dropped and found support at the Fibonacci 23.6% level.
02. Then it tested the support level at 38.2% but failed to close above it.
03. The share price closed below the 50-day moving average.
04. The RSI line broke below the supporting trend line.
CALT creating a double bottom!!!CALT has broken its ATH twice and has retraced, but is holding support well as a few big guns seem to be collecting and waiting for its next Q results.
By the looks of it, CALT is creating a double-bottom pattern as it awaits further reduction of Interest rates and its next Q results.
Only a matter of time before the security breaks out and goes towards new heights.
An attractive dividend of 3.04 is also up for grabs as its XD date approaches us on the 21st of September.
Let's watch and see how it would perform!!!
Clearly not investment advise, DYOR!!!
CALT.N - CAPITAL ALLIANCE PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:CALT.N0000
CALT.N - CAPITAL ALLIANCE PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:CALT.N0000
CALT
In the weekly chart, the candle closed within the support zone creating a doji-style candle.
CALT
On the daily chart this share price closed within the support Zone but breach the neckline of the round bottom pattern.
RSI is also in a declining pattern at the moment and it is at the trend line support.
CALT.N - CAPITAL ALLIANCE PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:CALT.N0000
CALT
In the weekly chart share price is taking a support at level 33.80 and 34.40 .
As per the stage analysis method the price is still in stage 2 and showing no signs for MA 30 flattening out.
CALT
In the daily chart we can see a round bottom pattern and the price has maintained above the neck line.
The share volume traded in daily basis looks good while RSI will enter the over bought territory.
CALT.N - CAPITAL ALLIANCE PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:CALT.N0000
CALT
Share price is taking a support at level 33.80 and 34.40 .
Both the MA 20,50 in daily charts are inclined while MA 20 is sharply inclined.
RSI has dipped and might be looking for a cool down with the profit taking.
CALT | Yet to break the Inverted H&SThe stock has formed an inverted head and shoulders pattern that is yet to be broken. If the stock manages to break and close above the Rs. 34.20 level, we may see an increase in buying interest, which could push prices towards Fibonacci retracement levels of 1.618 and 2, reaching Rs. 39 and Rs. 42, respectively.
However, if buyers fail to break above the neckline and selling pressure intensifies, we may see the stock retesting the Rs. 31 level around Fibonacci retracement level of 0.618 for support.
For a stop-loss level, the ascending trendline (dashed line) can be used.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
CALTCALT has broken out of a Inverted Head and Shoulder pattern with good volume while reaching near the Target Price of 33.50 based on the pattern. With RSI at trendline resistance, I would be cautious on how the price will behave next.
Disclaimer: Please conduct your own research before making any investment decisions and note that this is not investment advice.