Fractal geometry in the markets
Reckon Limited (ASX:RKN) is a leading provider of software solutions for accounting and bookkeeping professionals, as well as small to medium sized businesses, small office/home office users and personal wealth management sectors in Australia and New Zealand. Reckon promote that…
Seek Limited (ASX:SEK) is a great business. It has bullishly pushed back into the longer term channel and should jog towards the top of the channel in the coming week or so. 13 February 11:35am Sells half trading parcel at…
Moko Social Media Limited (ASX:MKB) is a business operating in the mobile apps space which generates revenue from customers in the USA. Moko is planning to dual-list on the NASDAQ in April to expand further. I believe the company is…
Breville Group Limited (ASX:BRG) is a great business with strong profitability, net cash and a great brand. 11 February 3pm Sells Breville average of $7.64 (-16 cents or -2.1%). Price action not following through as expected and is confirming a…
As I do each month, I wrote The Edge Fund wrote letter to investors which includes a number of items. In my 'Outlook' item I wrote the following excerpt: I mentioned in the October letter that the market is “just…
I donated blood yesterday and thought that one good turn deserved another. CSL rolling with its momentum is forming a high probability Cup & Handle pattern which should produce a price area around $75 potentially by Christmas. No guarantees of…
Update as of 23 October The blue circle anticipated as a couple of day pause marked a confluence of resistance. The green target price met about two weeks later than expected.
Blue Triangle is the next short term target as of 17 September Longer term target towards valuation needs a bigger and wider picture !!! And After as of 21 October Just got to lower end of price target and about…
An update on this 23 October The pattern was not to be, resistance (red line) stopped this in its tracks. My kids would call this an "epic fail". I would call it a small gain out of the green buy…