Complete analysis of the SL20
#stocks #SriLanka

Good breakout and pulled back to support, so far 2 days into the week and prices have almost recovered last week's losses

Approaching strong resistance at 3670
And then again around 3880 - Trend remains very bullish Image
#BRWN - Only company out of the LOLC group that has pushed above ATHs. Excellent breakout today and with BIL on the move, this is heavily correlated to it and likely to move alongside BIL Image
#COMB - Ascending triangle, however yet to breakout and give a confirmation signal. Looks good, if a successful breakout, prices point towards retesting Jan highs and above Image
#DIPD - Massive volume near support, however alot of work left to be done here to consider shifting to the buying side for me. Looking for that 56 break for a possible signal that momentum is shifting to the buying side - Earnings is key! Image
#DIAL - A LT pick IMO, massive massive resistance around 14.80 with another resistance from the trendline which has stalled prices for 3 years. A breakout above the trendline might signal a trend reversal and an early signal thst 14.80 might get broken Image
#EXPO - A continuation gap on the chart so far, as long as prices remain above the lower end of the gap, it will not be an exhaustion gap. Low selling pressure and above 230, 240 is the likely target Image
#HAYL - Impulse move above the handle and then had a strong consolidation. My flag pattern predicts a target of around 145 and heavy volume on the buying side was seen today. Key level to break is 110 Image
#HNB - A massive descending broadening wedge on the weekly chart. Another good pick for the LT and prices are trending. Strong resistance up ahead. I expect SL20 to reach new highs which would mean most these stocks would do so as well Image
#HHL - Bearish break below the descending triangle. So far prices trading inside a rising channel and as a trader I would look else where until prices start showing buying pressure

A break above the trendline would be a possible reversal signal Image
#LFIN - Good breakout above 67, was the most important level to break IMO. Prices closed on the upper end of today's range which is also a good sign. Risk level is given Image
#JKH - Strong pullback to support, saw some heavy buying right on support which means buyers are happy to accumulate at the 140 - 142 range. I would like to see 145 broken on good volume to get prices moving again
Another LT stock Image
#LOLC - Multiple flags on the hourly chart. The major patterns point towards 730 - 760. If prices can breakout above the current flag, momentum would most likely step in to help prices test 700 - Risk is the higher low Image
#LLUB - Mostly a dividend counter, but a solid technical setup on the weekly chart with a strong base been forming for years. Yet to see a breakout so no confirmation of upside, but likely to move in anticipation of dividend payments Image
#NDB - Another LT play IMO. Another heavy resistance in that 100 - 110 range but most important prices yet to breakout above the pattern so no confirmation of the validity of the pattern Image
#MELS - A great breakout above its primary base. So far prices trading inside that channel. It did try to breakout above it with heavy volume coming in as well, however failed to close above the channel which means further confirmation is needed Image
#RICH - Massive volume coming in since the start of this week. However, another company which is yet to give a confirmation signal. Heavy resistance awaits prices but something to have on ur watchlist Image
#RCL - Excellent breakout above another cup and handle pattern and prices finally breaking above the psychological barrier of 50. A good close despite heavy selling. Prices action favors the upside Image
#TEEJ - Heavy resistance awaits near ATHs. No confirmation of a breakout despite seeing some heavy buying pressure as indicated by the large volume spikes. Another potential mover but further confirmation is needed Image
#SAMP - A bearish pattern but a bullish breakout which is why it's a must to wait for proper confirmation. Another good banking sector stock with a good technical setup. I would watch for that 57.10 level Image
#VONE - An excellent breakout above that important R level I mentioned last week. Also the breakout was on heavy volume confirming it. The primary pattern gives a TP of 81 - 82 so this has further upside pote tial Image
#TKYO - Probably the weakest link from the entire index. An ugly gap down and prices still having heavy selling pressure. Alot of work yet to be done here for me to consider turning bullish, the earnings report will play a key role in determining the ST direction Image
Note - This is not IA, please do your own DD and make the trades your own.

These are just my personal opinions and analysis will vary from person to person

Thank you

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More from @therealfortunex

29 Oct

Please note that this is not IA, Do your own DD and make the trade your own

#StockMarket #Investment #SriLanka #COVID19LK
#SFL - Right on support, volume has also come down which is good. Pretty much no sellers, but that in itself is not a proper buy signal. Ideally would like to see buying pressure come early next week Image
#TILE - Looking good, strong run up after breaking prior ATHs. Strong vol came in today, so I would have a tight stop and trade it in anticipation of prices making newer highs Image
Read 10 tweets
29 Oct

I will post the rest soon.

Note, this is not IA, Do your own DD and make the trade ur own

#SriLanka #stocks
#TAP - Looks good near support, volume has also declined on the pullback. Need to see a volume pick up now. Risk is mentioned Image
#SUN - I like the pattern on SUN but also heavy R awaits. If broken, reaching 30 is a possibility. My risk is that long bullish trendline Image
Read 9 tweets
27 Oct
Some good news heading into today


Good Luck🍀

#SriLanka #stocks
Read 6 tweets

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