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.


Fineos Corp Holdings Plc (FCL) – Testing resistance at 4.60. Trend Index troughs above zero indicate buying pressure. Follow through above 4.80 would signal a fresh advance.

Fineos Corp Holdings Plc (FCL)

Uniti Group Ltd (UWL) – Strong up-trend, a shallow trough and Trend Index holding above zero indicate LT buying pressure. Follow-through above 4.40 would confirm a fresh advance.

Uniti Group Ltd (UWL)


No significant breakouts this week.


Victoria Plc (VCP) – Has recovered from its recent trough. Trend Index crossing above zero indicates rising buyer interest. Follow-through above 1,200 would confirm a fresh advance.

Victoria Plc (VCP)


General Mills (GIS) – Recovery from a deep trough. Trend Index trough at zero indicates buying pressure. Breakout above 64.00 would signal a fresh advance.

General Mills (GIS)

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

In order of importance to me are:
1) the long term trend,
2) the current chart pattern, and
3) picking a good spot to buy or sell.

~ Ed Seykota (featured in Market Wizards)

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.

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