Recent Breakouts

Our recent breakout scan returned a number of promising stocks for review.

We look for shallow corrections and Trend Index troughs above zero which indicate healthy buying pressure.

Australia

Charter Hall Social Infrastructure REIT (CQE) – Recovered from its recent shallow trough and shows a strong up-trend. Trend Index trough above zero indicates rising buying pressure. Follow-through above 4.00 would signal a fresh advance.

Charter Hall Social Infrastructure REIT (CQE)

More Australian charts

Jumbo Interactive Ltd (JIN) – Strong breakout from a deep trough, continuing the LT up-trend. Rising Trend Index indicates increasing buying pressure. Retracement that respects 18.00 would confirm a fresh advance.

Jumbo Interactive Ltd (JIN)

Telix Pharmaceuticals Ltd (TLX) – Breakout from an ascending triangle offers a target of 9.50 for another advance in the strong LT up-trend. Trend Index troughs respecting zero indicate healthy buying pressure. Retracement that respects support at 7.50 would confirm the advance.

Telix Pharmaceuticals Ltd (TLX)

Canada

Telus Corp (T) – Testing resistance at 29.50. LT up-trend. Follow-through above 30.00 would signal a fresh advance.

Telus Corp (T)

UK

No significant breakouts this week.

USA

AbbVie Inc (ABBV) – Strong breakout from a deep trough offers a target of 145.00. Trend Index trough above zero indicates rising buying pressure.

AbbVie Inc (ABBV)

A word of caution

The above stocks are selected on the basis of technical analysis and do not consider fundamentals like sales, earnings, debt, etc. Please do your own research. They are not a recommendation to buy or sell.

Quote for the Week

What we have learned from history is that we haven't learned from history.

~ Doug Kass, 50 laws of investing


Colin Twiggs is director of The Patient Investor Pty Ltd, an Authorised Representative (no. 1256439) of MoneySherpa Pty Limited which holds Australian Financial Services Licence No. 451289.

Everything contained in this web site, related newsletters, training videos and training courses (collectively referred to as the "Material") has been written for the purpose of teaching analysis, trading and investment techniques. The Material neither purports to be, nor is it intended to be, advice to trade or to invest in any financial instrument, or class of financial instruments, or to use any particular methods of trading or investing.

Advice in the Material is provided for the general information of readers and viewers (collectively referred to as "Readers") and does not have regard to any particular person's investment objectives, financial situation or needs. Accordingly, no Reader should act on the basis of any information in the Material without properly considering its applicability to their financial circumstances. If not properly qualified to do this for themselves, Readers should seek professional advice.

Investing and trading involves risk of loss. Past results are not necessarily indicative of future results.

You, the Reader, need to conduct your own research and decide whether to invest or trade. The decision is yours alone. We expressly disavow all and any liability to any person, with respect of anything, and of the consequences of anything, done or omitted to be done by any such person in reliance upon the whole or any part of the Material.

Read the Financial Services Guide.