diarysearch

Link for this issue: https://tradingdiary.incrediblecharts.com/2021-10-19-markets.php
 

Recent Breakouts

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

Australia

Synlait Milk (SM1) – Rising Trend Index indicates buying pressure. Breakout above 3.80 would complete a double bottom reversal.

Synlait Milk (SM1)

Tabcorp Holdings (TAH) – Trend Index trough above zero indicates strong buying pressure. Breakout above 5.30 would signal a fresh advance.

Tabcorp Holdings (TAH)

Canada

Our screen found no major stock breakouts this week

UK

VinaCapital Vietnam Opportunity Fund (VOF) – Breakout above 490.00. Trend Index crossing above its descending trendline indicates buying pressure.

VinaCapital Vietnam Opportunity Fund (VOF)

USA

Acadia Realty Trust (AKR) – Shallow trough and Trend Index holding above zero indicate buying pressure.

Acadia Realty Trust (AKR)

More breakouts charts below

Amdocs (DOX) – shallow trough is a bullish sign. Trend Index troughs above zero indicates strong buying pressure. Breakout above 81.00 would signal a fresh advance.

Amdocs (DOX)

Federal Realty Investment Trust (FRT) – Shallow trough and Trend Index holding above zero indicates buying pressure. Breakout above 125.00 would signal a fresh advance.

Federal Realty Investment Trust (FRT)

Huntsman Corp (HUN) – HAs made a strong recovery from a deep, follow-through above 32.00 would signal a fresh advance.

Huntsman Corp (HUN)

KBR (KBR) – Shallow troung and Trend Index troughs above zero indicate strong buying pressure. Follow-through above 43.00 is bullish.

KBR (KBR)

Live Oak Bancshares (LOB) – Trend Index troughs above zero indicates strong buying pressure. Breakout above 72.00 would signal a fresh advance.

Live Oak Bancshares (LOB)

Shallow corrections and Trend Index troughs above zero indicate healthy buying pressure.

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

Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits.

~ Hyman Minsky, Stabilizing an Unstable Economy (1986)


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