TZL - Looking for a break of $1.45. Very bullish last candle indicated by yellow arrow. Buyers took complete control at some stage during the day and closed in on or near its highs on relatively huge volume
SHL - Seems to me that some serious accumulation going on here. Maybe not technically a day trade as such, but short term there looks like there is some money to be made. Look at the difference in the two volume circles. Most recent candle has come back to touch support that was previously resistance. With healthcare making up 3 of the best 5 performing industries in the US on Friday, maybe one to keep a watch on this week.
NDO - Forming a nice descending triangle. Need to wait and see what it does next, but if it breaks up on volume, I'm pretty sure I'll be on it
PDN - Lots of talk of being a takeover target. Small continuation triangle forming. Note the two most recent down days have both been on noticeably lower volume than the two up days. That speaks to me. Volume as a whole rising strongly confirming the move up. Again need to wait and see what it does, but I've got my suspicions.
ESG - Formed a nice flag above the trendline. Appears to have broken out on Friday on significant volume. Watching (very closely) to see if it follows through
BBI - Not one I'd normally play with, but shows a very interesting candlestick pattern called a 'rising three methods'. Generally very bullish. I saw a similar pattern in CSR a week or so ago and it worked out as a trade. Again need to watch the price action to make sure it follows through by breaking to a new high for the last few days to confirm the pattern. Note the volume, heavy on green day, light on the 3 days pullback, heavy on the last green candle - confirms pattern
AVX - Another that may turn and reverse. Just need to keep an eye on the action. A move up on volume will be my signal
ADX - probably a bit speccy and illiquid, but very interesting pattern. Volume decreasing through the pattern confirms it.
Then of course theres a couple from last week, MML and CNX which have broken out of patterns and look set to continue.
Good trading all. Ad
Disclosure - of the above I only hold trading positions in MML & CNX
