Trade Less. Think More.
Weekly Chart Lab is where I share weekly chart analysis, trading lessons and market observations—mainly on the ASX.
No hype. No signals. Just education.
Educational only. Not financial advice.
📈 Weekend Scan: $TNE
One stock that stood out during my weekend scan.
Here's what I like so far:
✓ Higher low followed by a higher high
✓ 10-week MA has crossed above the 30-week MA
✓ Both moving averages are sloping higher
✓ Signs of accumulation on the weekly chart
What I'm still waiting for:
✗ A decisive break above the long-term downtrend line.
✗ Strong breakout volume to confirm institutional buying.
✗ Ideally, a low-volume pullback towards the 10-week MA after the breakout.
For me, patience is part of the strategy.
I don't need to buy before the breakout.
I'd rather pay a little more for confirmation than guess where the bottom is.
This isn't a recommendation to buy.
It's simply a stock on my watchlist that fits the type of Stage 2 setup I look for.
Let's see what the next few weeks bring.
Less is more.
Educational only. Not financial advice.
@Speculator_io Exactly! Surviving is number one priority! Instead of thinking how much money you can make, you should be thinking how much you can lose