Hope you all had a great week and traded safely and wisely, pop a few requests up if you like, i have a couple of hours of free time to practice my charting.
So where do the markets go from here, its fair to say they are teetering and to be honest im not sure which way. A good bang down quikly into 13th would then setup nice long opportunities. I looked at the majors on indexes and not many buys there, but potential with low risk if we get some positive vibes in the markets.
The stock im charting is STO , as i think the is speculation out there again and i have had a keen eye on the Arrow Energy talks ( an original arrow here), now for me if they dont hurry up and do the deal then the biggger boi's look elsewhere, maybe STO ????
So technically i have liked the chart for ages, it wants to break out above resisstance but for some reaosn it is/has been held from taking out resistance ???? Everytime it starts to fall its accumulated. The triangle favours a break north and risk is minimal
This chart below, be warned the scoring is changed on a daily basis in anticipation of buys and sells. But as we closed out last week you can see im applying a wait and see start ot the week.
