#RIL - Need to see a breakout for confirmation. Volume needs to follow through on the move with prices closing above resistance
#ASIY - Same sort of price action, no confirmation so getting in now is just speculating a breakout which might be costly. Volume + close is required for confirmation
#CIC - Strong momentum with heavy volume as prices approach my first TP
#ODEL - A large long term consolidation phase. We know what happens when prices break through large consolidation phases. Higher the timeframe, the more important the move. Need confirmation
#TAFL - Solid price action with a confirmed breakout on the weekly. IMO there is a lot of upside in this stock, manage ur risks properly
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As you will see the indicator alone is not enough to confirm a trend. There have been times where price action has whipsawed giving false signals. All indicators give false signals at times so nothing is 100% accurate
Chart 1 - The longest bull market CSE has had which lasted for roughly 5 years. There were a few whipsaws where prices crossed below the MA but the slope is always what needs to be watched and it remained + during all those times
#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
#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
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
#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
#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