ositrades

ositrades Updated 

I'm looking at a rising edge pattern on XJO. Today's end of day confirms which we are headed, and if the pattern is to play out, we are in for a steep fall. I'm watching 7220 level...a close below is bearish and likely to confirm the drop. Next support around 6900s. DYOR and trade at own risk.

ositrades Updated 

There was a bullish divergence yesterday, and a bullish harami candlestick pattern on the daily. I don't see a trend reversal, but a pullback is very much on the cards. Target is 1878. DYOR and trade at your own risk.

ositrades Updated 

So... my previous bullish attempt at this pattern failed, and I am now looking at the bearish play. A rising wedge pattern, looking to break from the rising support line. If this plays out, then the target will be around $248. The target is supported by the height of wedge, fair value gap and fib level, so looks to be a very strong possibility. The bearish...

ositrades Updated 

Two bullish chart patterns I am looking at with MGX. A double bottom on the weekly and a cup and handle on the 4 hrly. Double bottom is likely in play already. Awaiting break out of the cup and handle. A medium term target of $1.00 around April time. I think if Chinese demand plays in to this earlier, we might see it sooner. For the time being, looking at break...

ositrades Updated 

I'm looking at a cup and handle on MNB in 4hr timeframe. If this breaks $0.135, the upside is beautiful! I'm generally very biased on phosphate, as I think it is the next oil. This is obviously a very long term view, but am keen to explore the upcoming players in this industry. MNB I feel is one. However, this trade is just that - short term trade. The chart...

ositrades Updated 

I am looking at the break of contracting triangle pattern on USOIL, with first target of $83. We could even say it has re-tested the break line @ 78.5, so this is pretty much ON. DYOR and trade at own risk

ositrades Updated 

This is probably my most favourite stock on the NDQ. Now, it appears almost too good to believe, but we might actually be looking at a break of cup and handle on the weekly timeframe. The RSI is super overbought at the moment, so I expect a re-test of the breakout area, or at least a small pullback, but more or less we are ON! I'm looking at a first target of...

ositrades Updated 

Apple looks to have done a double top on the weekly, with target of $103. We have a bearish divergence at the end-of-January candle. Market sentiment is bearish too, so this looks very probable. End of this week will confirm the trend. DYOR and good luck with the trade.

ositrades Updated 

Looks like a cypher pattern playing out with TSLA . Target 1 @ $179. If it plays really well, then Target 2 @ $274. At this point just aiming for Target 1, and then we see. GL and DYOR!

ositrades Updated 

Was watching this for a while. It just popped. Missed entry yesterday, but will wait for a re-test to enter. Entry at $309 for a target of $334. SL @ $307. DYOR and trade at own risk.