Hi Guys,
I'm focused on trading optimal entries from optimal structures that provide asymmetric risk vs reward and the ability to compound capital efficiently.
I'll post some setups I identify below... please do the same.
Best,
JC
https://www.youtube.com/jackcorsellis https://www.jackcorsellis.com
I like the look of this.
Decent trading update recently, chart in an uptrend. but struggling to get over 5000p so far.
It does have something of a C&H setup to it. My target buy area would be the blue zone (with 7%-8% stop on entry). Would need volume to support the move.
Note: this chart uses the 'ask' price.
Invinity Energy Systems (LON:IES) breaking out again, although I'd of liked the base to be larger so one on the radar to see if it resets in the coming weeks and provides another entry opportunity. Clearly lots of demand.
JC
https://www.tradingview.com/x/TKDnZfs2/
Fonix Mobile (LON:FNX) we don't get many IPO base breakouts in the UK, so Fonix Mobile (LON:FNX) is interesting. However, I'd of liked more consolidation in the upper third of the base to absorb previous trapped buyers, in particular note the large supply shoot on the 12 Nov in conjunction with high relative effort.
One to watch for a reset.
JC
Coca Cola Hbc Ag (LON:CCH) potentially transitioning from a large Phase 1 accumulation structure in the Phase 2 markup.
Note the significant demand in early Nov followed by a period of decreasing price volatility and volume. This is bullish behaviour as it indicates absorption of supply.
Watching for a bullish breakout.
JC
Electrocomponents (LON:ECM) are looking good for a breakout, nice cup and handle pattern on increased volume - just missed it today - so that's probably another "would have", "could have", "should have" story, but shall have another look tomorrow.....
Tremor International (LON:TRMR) strong breakout from previous base now trying to breakout from another base.
Lacking volume on today's breakout so watching for this base to reset and broaden and provide a more optimal entry in the coming weeks.
JC
Power Metal Resources (LON:POW) - cheeky breakout getting going.
strong volume from just the first hour of trading (as much as on most days in the last 2 months).
(up 16% at time of posting)
Sylvania Platinum (LON:SLP) may be worth watching, seems it could be breaking out at last from around 80p.
Iqe (LON:IQE) starting to tighten up under the 75p pivot point.
Note the decreasing price volatility and volume from left to right. This is a characteristic of absorption.
Relative Strength strong.
Stocko Ranks:
Quality 69
Value 28
Momentum 95
StockRank 75
JC
https://www.tradingview.com/x/XBvUXsgM/
Touchstone Exploration Inc (LON:TXP) took a breakout trade on the 4 Jan following 4 tight candlesticks on low volume indicating small supply coming to the market.
Has got out the gate well.
JC
https://www.tradingview.com/x/bdjbGuvo/
But is that not to do with the oil prices, even BP (LON:BP.) and Royal Dutch Shell (LON:RDSB) are up around 15%?
Hi Jack, Traders & Investors,
Taylor Wimpey (LON:TW.) looking interesting on multiple time frames.
Monthly chart showing potential breakout from descending wedge, also looking a bit like a massive cup and handle.
https://www.tradingview.com/x/...
Weekly chart showing cup and handle potential with a high tight bull flag with possible accumulation structure to form the handle on the daily chart.
https://www.tradingview.com/x/...
https://www.tradingview.com/x/...
I've taken a starter position. Intention to scale in and average up if it moves my way. Looking for follow through and price to tighten up under 205p before a further breakout.
Forbsy.
I just noticed this, so might be a bit late to get in. £Arb has formed cup and handle and started upward movement. I think this is about to explode.
