PetroQuest Energy Inc (PTQEP) Balance Step Levels in Focus

PetroQuest Energy Inc (PTQEP) Balance Step Levels in Focus

The recent price of 17.1000 for shares of PetroQuest Energy Inc (PTQEP) has put the price level below the Balance Step, indicating a near-term bearish pattern developing.  Calculated from the last five balance points, the Balance Step indicator can help determine whether a bullish or bearish trend is developing near-term. Investors may be wondering how to tackle the markets at current levels. Many investors may feel like they have missed out on […]

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Taking a Deep Dive into Technical Levels for AmBase Corp (ABCP)

Taking a Deep Dive into Technical Levels for AmBase Corp (ABCP)

AmBase Corp (ABCP) shares are on close watch heading into the middle of the week as the price has moved below the Balance Step indicator, revealing a potential near-term bearish trend.  The Balance Step formula is based on near-term moving averages to predict which direction a trend is heading. When it comes to equity investing, being too confident may be just as detrimental as not being confident enough. Many investors may think they […]

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Headed For a Pullback?  Share Update on Big Rock Brewery Inc (BR.TO)

Headed For a Pullback? Share Update on Big Rock Brewery Inc (BR.TO)

The recent price of 7.50 for shares of Big Rock Brewery Inc (BR.TO) has put the price level below the Balance Step, indicating a near-term bearish pattern developing.  Calculated from the last five balance points, the Balance Step indicator can help determine whether a bullish or bearish trend is developing near-term. Investors may be wondering how to tackle the markets at current levels. Many investors may feel like they have missed out […]

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Lithium Power International Ltd (LPI.AX) Showing Signs of Potential Bearish Momentum

Lithium Power International Ltd (LPI.AX) Showing Signs of Potential Bearish Momentum

Lithium Power International Ltd (LPI.AX) shares are being placed on chartists radar as the recent share price of 0.295 is pushed below the balance step moving average. The balance step is a simple Moving Average calculated from last 5 Balance Points (MA/3),5) of the weekly period bar plotted in step formation on the daily chart. This chart is used to project 1 bar forward (one day). The weekly steps can be […]

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Software Radio Technology PLC (SRT.L) Shares Dip Below Balance Step

Software Radio Technology PLC (SRT.L) Shares Dip Below Balance Step

The recent price of 35.10 for shares of Software Radio Technology PLC (SRT.L) has put the price level below the Balance Step, indicating a near-term bearish pattern developing.  Calculated from the last five balance points, the Balance Step indicator can help determine whether a bullish or bearish trend is developing near-term. Investors may be wondering how to tackle the markets at current levels. Many investors may feel like they have missed out […]

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