The Student Loan Ranger

Pretty sizeable watchlist this week. A lot of variation too in terms of patterns and setups, so should get some good signals this week. I'm trying to cut down on the amount I write about each because it takes a lot of time to write it twice.

Avocet Mining (AVM)

Descending wedge with strong support at 160 currently being tested. Coming off a bear rally with indecision on Friday could indicate this stock is ready to move off the support. Stochastics oversold, but not quite ready, so we may see a drop to support zone 2 just over 150.


Entry signals on a bounce up above 164.5 with stops between 152-159 to guard wicks to targets at 178. Short AVM south of 154 with stops at 159 to 140.

Oilexco (OIL)

Currently sitting at resistance to new highs. Ascending wedge and an awkward inverse head and shoulders. If this finds support at 860 then it could be time to wait for a break to new highs over 888.

Enter on breaks of 888 with stops at 858, not sure on targets, but trail your stops daily as this could run. Short under 850 with targets around 780.

Portland Gas (PTG)

Very bullish all over the place in PTG. Enter now with initial targets of 450, and trail stops when it breaks this. Good bull flag setup, found support and made very strong moves last week off this new support.

Stops at 390 and I don't think we will get a chance to short this stock at the moment. PTG is probably the best play this week and it looks really great.

Jarvis (JRVS)

Cup and handle, double bull flag and ascending wedge breakout combination on JRVS. Excellent looking chart here.

After gapping up to break 25 and running to 40 5 days later, it has since pulled back to just above 25 around the horizontal support. It is also looking to move off the ema (50) and the ascending trend line.

The stochastics could turn any second, but currently look like they might drop a little bit first to the support. You will have to be quick on the entry with JRVS at it will probably explode. If there are up days on Monday/Tuesday then take that as a signal, likewise if there is a slight drop or an indecisive days.

Enter long with stops at 24 with targets at 40, and potentially higher.

Ashtead Group (AHT)

Wedge action on AHT with some key support and resistance points. AHT will be ready to enter once it breaks the purple ema (72 for AHT) with intiial targets at 75 pending a horizontal breakout and wedge breakout so keep a tight stop to 80. Should find support at 65 so use that as an initial stop.


Short on a breakdown of 65 to 55. Fairly simple setup here.

Invensys (ISYS)

Good moves off ema and support line on Thursday and Friday. Looking fairly straight forward in terms of sup/res. Enter long now with stops at 287 with initial targets at 323 to potentially 345.


Short on breakdowns of 250 to 220.

Autonomy (AU.)

Wedge and channel action here. Moves of support at 835 were seen at the end of last week. I don't like this ema line at the moment, and would probably wait to see if it breaks it before entry with stops at 834 being trailed with targets at 950 and 1000p.

It might be worth noting the head and shoulders pattern, as in the event of a breakdown below 800 the target could be as low as 600.

BT Group (BT.A)

Relatively unexciting but high probability double bottom channel trade in BT.A here. Good bullish engulfing on Friday on good volume and a near-high close. Potential resistance at 225 before a target of 235. Enter long on gains on Friday with stops at 204 to start and trail/lock-in when the profits come in.


Nice stochastics and MACD here backing up the channel/double bottom support. Short on a breakdown of 195 to undefined targets, locking it in quickly and trailing the stops.

Close BR Group (CBG)

Interesting chart here. It has been over 5 years since CBG was at this level, and this relatively quick double bottom could be the start of a long term bull movement, or the start of the in-vogue meltdown. Like I say, this chart is set up for a double bottom on support which also coincides with good stochastics, good negative divergence on the MACD, and a back to back accumulation days.
The more I look at this chart the more I like the options here. I'm looking for an inside day on Monday, or a hammer, followed by continued up moves starting late on Tuesday. Enter long on gains on 554 with stops at 520 to start with, with profit targets at 650 then 700. Bit of caution near 600, so it may well stagnate or drop slightly at that price so be lax with the stops once in profit until it breaks that nicely.

Short CBG to 400 on breakdowns of 510.

Tate and Lyle (TATE)

Considered leaving this one out, as it represents a significantly higher risk move than the others. The use of tight stops is important here in my opinion.

I would wait until the stochastics are a little bit more matured, and also for a continuation of the +DI gaining while the -DI decreases for an entry with stops at 400. There are a few overhead resistance levels to watch out for - 450, 470, 500 and 535. These represent both selling opportunities if it's looking bad, and also price points to put in a stop once they are broken.

I'm relatively bullish on TATE with longer term price targets at 535, but more like 470 odd in the short term. Short on a break down of 400 keeping a tight stop, while watching out for the wicks that quite often occur on this stock.

National Grid (NG.)

An old friend in the grid. NG has found strong support at the current price for the past 18 months, and it looks like we might see a continuation of this price action.


Enter long if the price gets above Fridays close3 with initial targets at 735-750. A break of these could see a price of 780 to 840.

Short on a breakdown of 678 and let it run with trailing stops.

That's a wrap for this week. These are some really nice setups, particularly JRVS, PTG, BT and CBG. I nearly included SFR, BGC and NTX but thought better of it. I may well mention BGC and SFR this week intra-day, but SFR isn't watchlistable at the moment, and I believe BGC will retrace soon for a better entry.