KAZ formed a higher low at 240.9p a few days ago and closed at the day's high today suggesting further rises tomorrow. There's also been an RSI breakout following a bullish divergence, and a close above 283.9p would mean a 123 low breakout so there's plenty of bullishness here at the moment.Any long entries (whether immediate or on a 123-low trade basis) should have stops below that higher low but mind out for the down channel resistance at 297.5p. I wouldn't be at all surprised to see this gap up tomorrow after such a strong close that could provide a good long entry too. Original link...

HOIL has finally had the RSI breakout I've been waiting for but, perversely, I'm not convinced by it. This is because it came on a down day and it wasn't prior to a price breakout. In my experience, this often leads to false breakouts so despite the apparent higher low, I'd prefer to wait to see what happens at the key 161p level.There's also a gap at 170p to beware too. Having said all that, there is a support not far from Friday's closing price at 127.5p so a long from here with a stop below that may represent good risk/reward. Original link...

In the last post I suggested that the breakout may be false due to the earlier breakout of price than RSI but clearly I was wrong on this occasion and HOIL has gone on to break 161p today to form a higher high.The only issues to bear in mind here are the gap at 170.2p and the fact that it's put on a fair bit without any consolidation. Having said that, it may be a wave 3 since it came from a higher low so it ought to be a strong move if bullish rather than corrective.Looks good for now but let's see what happens at the gap. Original link...

Just a quick one here. There's a gap at 169.7p which should prove resistance if it hasn't already been close enough.I'm not yet convinced that this whole move up is the start of a new trend. It looks very much like a 3 wave corrective move so far. We can't know that for sure unless there's a drop below the higher low of 127.5p but if that gap holds and it then goes below 140.75p it'll look odds on for that to happen IMHO. Original link...

I didn't get my target entry of 53p on this so I've stayed out despite the higher low and higher high forming.My reason for this was the proximity of the downtrend resistance and the 72/3p previous price support to that breakout level and indeed today we have a bearish engulfing candle right off the convergence between the short term downtrend and the old medium term uptrend as well as that 72/3p level just above.The fact that it also closed below the 68.5p high leaves that whole move up from 56p as a 3 wave move and therefore more likely to have been the 4th wave up of a 5 wave sequence down IMHO. If that's the case I may yet get my 53p entry.Watch out for that short term RSI support to come into play of it does hit that  Original link...