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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

Triple Top

Pattern Description:

A triple top is used to predict the reversal of a prolonged uptrend. This pattern is identified when the price of an asset creates three peaks at nearly the same price level. The three consecutive tops make this pattern visually similar to the head and shoulders pattern but, in this case, the middle peak is nearly equal to the other peaks rather than being higher. A break below support on high volume after the three tops have been formed is a reversal confirmation.

Elasticity Toolkit

The Elasticity toolkit was created to obtain maximum gains in both sideways and trending markets with minimum risk. Developed by Timothy Straiton, the system performs with incredible results in almost all equity markets with a daily periodicity. The Elasticity toolkit focuses on short-term market fluctuations and takes advantage of deviation or "elasticity" from the mean price. One could visualize the action of a rubber band being stretched and at the moment where the expansion loses momentum, a contraction takes place, forcing movement in the opposite direction. The Elasticity system opens a trade at the moment that deviation from the mean price loses momentum.

Platinum demand gets 'automotive boost' in 2023, deficit widens - WPIC

by Vladimir Basov

The World Platinum Investment Council (WPIC) reports that automotive demand for platinum this year will reach its highest level since 2017 and now forecasts a platinum deficit of over one million ounces for 2023. WPIC said that “strong” automotive demand growth is a key factor behind the widening deficit of platinum, in addition to industrial demand growth to record levels, and flat supply. According to the report, platinum automotive demand is expected to reach 3,283 koz...

Broadcom - a remarkable change in sentiment.

2026-04-16 by Tim Straiton

Broadcom Inc.(AVGO) is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets.This stock isn’t cheap, trading at a forward P/E of 33.41x against a group average of 22.84x. It holds strong positions with major AI players (Google, Meta, OpenAI), which is supportive for the stock price.

The current technical view reveals a strong case of FOMO. The previous six daily closes landed all above the upside Bollinger band, the 14 day relative strength index is at an overbought level of 77% and the choppiness index is at an extreme low level of 29. A phase of bullish exhaustion could well be close at hand.

Disclaimer

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.

Featured Site

Metastockswiss

Site Description:

Official distributor and trainer for Metastock - the market leader in chart analysis software.