Today Condor Gold confirmed a higher low with a bullish reversal pattern and 83p providing strong support in the last 3 days.Unsurprisingly after the downtrend there's plenty of resistance ahead so my strategy here would be to go long on a close above 95p, with a stop below 83p, as that will form a higher high and a 123-low breakout.We'll have to be careful here though because there's both the next price resistance and the downtrend resistance just ahead of that level so the RSI will be key to see if and where to take profit: if the RSI breaks out of its downtrend before the price does then it could indicate be an early signal to stay long; if the RSI reverses off its trendline then I'd take profit and perhaps also move stops up until a breakout occurs.For a riskier trade we could enter now  Original link...

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...