Posted: May 4, 2014 Filed under: Ascending Triangle, Reversal | Tags: Gafisa, GFA
GFA stands for Ghana Football Association. It is the governing body of association football in Ghana, based in Accra. But what we are after today is Gafisa (GFA). GFA is one of the largest cconstruction and real residential segment in Brazil. The stock has almost completed an 11 months ascending triangle. A break out the neck line at 3.55 may be marking a reversal for GFA and an initial target of $4.8
Posted: February 26, 2014 Filed under: Ascending Triangle | Tags: $FTR, Frontier Communications, telecom
Frontier Communications (FTR) completed an 18 months ascending triangle by closing above $5 on 3.7x the avg daily volume. The move was initiated by a 3 months consolidation pattern in yellow. Implied target is $7. Note that FTR has a dividend yield of 8%.
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Posted: December 19, 2013 Filed under: Ascending Triangle, H&S Bottom, traingle | Tags: $ITB, $XHB, Home Construction, Homebuilders
Now that the FED is out of the way, lets look at a couple of related ETFs, first up is Homebuilders etf (XHB).
Note the bull trap last month. Now its possible that the 6-months symmetrical triangle is close to another breakout with no bull traps (god willing). Target is $35.
Here on the Home Construction (ITB) we have a continuation H&S bottom pattern that is almost complete with a neckline at 23.90. Interestingly the right shoulder has morphed into an ascending triangle giving the pattern some more power to break out. Target is $26.50.
Posted: September 10, 2013 Filed under: Ascending Triangle, H&S Bottom | Tags: AK Steel Holding, AKS, iron, SLX, steel, Steel ETF, United States Steel, US Steel, X
AK Steel (AKS) & US Steel (X) have both been forming around 5-months ascending triangles with neck-lines at 3.80 & 19.70, respectively. Looking closer inside the triangles both have a clean Complex H&S Bottom in the making.
ETF fans can use (SLX) showing a similar H&S Bottom that has broke out and targets 51.