Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Ascending Triangle

Pattern Description:

In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance. An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend. Once the breakout occurs, buyers will aggressively send the price of the asset higher, usually on high volume. The most common price target is generally set to be equal to the entry price plus the vertical height of the triangle.
Ascending Triangle

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Predicting Price Action

As traders, we all want to know where price is going to go after we get our buy or sell signal. The MetaStock FORECASTER is designed to help understand the tendency of price after the technical set up occurs.

Featured Article

Could A 'Transaction Tax' Be A Good Thing?

by Lance Roberts
Summary Over the years, I've heard from several clients who have had trouble disciplining themselves from trading too frequently. Free trading may save you money on trading costs, but if it causes you to trade rashly, your returns may suffer. As a fiscal conservative, I'm not too fond of taxes of any sort. I am a firm believer in "free markets." I recently discussed why "Free, Isn't Really Free" regarding the retail investor. While "free...

Technical Review

Bayer AG - A stock to watch!

2024-06-14 by Tim Straiton

Bayer AG is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include: pharmaceuticals, consumer healthcare products, agricultural chemicals, seeds and biotechnology products. The company is a component of the EURO STOXX 50 stock market index. Bayer was founded in 1863 in Barmen as a partnership between dye salesman Friedrich Bayer and dyer Friedrich Weskott.

The technical picture on the weekly chart reveals a period of falling and low volatility. This can be seen in the extremely low level of the Bollinger bandwidth. Low volatility is where trends are born, a well known saying which can well be applied to this stock.

The long term Fibonacci downside projection measured from the high of 143.87 on 10th April 2015 and the low of 83.97 on the 27th May 2015 gives us the 100% downside projection level at 24.07 which should be tough to break. The current price is Euro 27.345. The likelyhood of a strong recovery from current levels is high. Initial resistance can be expected at 36.88 (Fibo 78.6% downside projection) and thereafter at 46.95 (Fibo 61.8% downside projection).


Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.


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Site Description: delivers an easy-to-use guidance in global stock selection for investors who wish to generate above-average returns on their portfolio. The Stoxxtip stock scanning module covers four major stocks markets and selects index constituent companies which have delivered the highest performance over the past 40 weeks.The scanning module is updated at the end of each trading week.