diarysearch

Link for this issue: https://tradingdiary.incrediblecharts.com/2021-11-29-markets.php
 

Recent Breakouts

Our recent breakout scan returned a number of promising stocks for review.

We look for shallow corrections and Trend Index troughs above zero which indicate healthy buying pressure.

Australia & Canada

No significant breakouts this week.

UK

iShares UK Property UCITS ETF GBP [Dist] (IUKP) – A strong recovery from a deep trough. Trend Index troughs above zero indicate LT buying pressure. Follow-through above 670 would complete a large cup-and-handle pattern, signaling a fresh advance.

iShares UK Property UCITS ETF GBP [Dist] (IUKP)

USA

CARS.com Inc (CARS) – Strong breakout above $15.00 after S&P Dow Jones Indices announced that it will be added to the S&P SmallCap 600.

CARS recently acquired CreditIQ, enabling them to enter the multi-billion-dollar auto finance market; Cars.com's 142.4 million visits, coupled with 247.5 million visits across 5,200 Dealer Inspire websites, will create a new, lender-based revenue source (Morningstar).

CARS.com Inc (CARS)

A word of caution

The above stocks are selected on the basis of technical analysis and do not consider fundamentals like sales, earnings, debt, etc. Please do your own research. They are not a recommendation to buy or sell.

Quote for the Week

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.

~ Milton Friedman

M2/GDP

M2 = quantity of money; Gross Domestic Product (GDP) = output


Colin Twiggs is director of The Patient Investor Pty Ltd, an Authorised Representative (no. 1256439) of MoneySherpa Pty Limited which holds Australian Financial Services Licence No. 451289.

Everything contained in this web site, related newsletters, training videos and training courses (collectively referred to as the "Material") has been written for the purpose of teaching analysis, trading and investment techniques. The Material neither purports to be, nor is it intended to be, advice to trade or to invest in any financial instrument, or class of financial instruments, or to use any particular methods of trading or investing.

Advice in the Material is provided for the general information of readers and viewers (collectively referred to as "Readers") and does not have regard to any particular person's investment objectives, financial situation or needs. Accordingly, no Reader should act on the basis of any information in the Material without properly considering its applicability to their financial circumstances. If not properly qualified to do this for themselves, Readers should seek professional advice.

Investing and trading involves risk of loss. Past results are not necessarily indicative of future results.

You, the Reader, need to conduct your own research and decide whether to invest or trade. The decision is yours alone. We expressly disavow all and any liability to any person, with respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance upon the whole or any part of the Material.

Read the Financial Services Guide.



 
Top of Page