Now, I am going to post some of the stocks, that are about to break out, or just have posted technical patterns, indicating begining or continuation of an uptrend. From now on, I will be posting this weekly trading ideas for stocks, but it will include just a few candidates, due to lack of time.
 | ATLANTIS has been consolidating in a symmetrical triangle after posting a classic 1-2-3 bottom reversal pattern. This is a situation, which indicates, that an uptrend has started. Now, the only thing needed is obviously a confirmation - the price must break above upper band of triangle, in order to move the stock higher. This is one is liquid enough to establish even larger positions in smaller timeframes. The nearest short term target in case of a breakout is probably around 3,00, which is a prior level of support. |
 | ENERGOPOL might post a classic rectangle reversal pattern, but that will occur only when it breaks above 23,70 (enough for a bottom confirmation). To measure the nearest conservative price target, we must take range of the rectangle and add it to its upper band. That will give us a price of 28,20. Keep track of new money coming in, because the last two candles emerged on higher-than-usual volume, so even if the price finally breaks out, there might be no more support neither in increased trading activity nor any new capital flowing in. |
 | MOSTALPLC is consolidating in an ascending triangle just under the all-time high. On daily chart, we can see that it has been in a huge, strong uptrend for over a year now. The price is constantly making new higher lows, so that confirms buyers are getting more aggressive. Ascending triangle is a continuation pattern, so here we have good opportunity for quite long measured move lasting over 60 points. |
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