Kalkine Launches ‘Bullish Chart Report’

The current financial markets are witnessing volatility driven by rapid price swings. Therefore, the risks associated are also high. Hence, a diligent approach with technical prowess may be required to benefit from any price momentum as well as to manage the risk levels.

Given the backdrop, Kalkine’s ‘Bullish Chart Report’ aims to cover the trending stocks based on Kalkine’s unique technical analysis-driven Momentum Score methodology. The Momentum Score is derived after extensive research and back-testing by a team of qualified and experienced technical analysis experts based on key technical indicators such as Relative Strength Index, Moving Averages, Parabolic SAR, MACD Histogram, etc. The above-average-to-high momentum score indicates the possibility of a bullish trend emerging on the charts and can be used to identify stock research opportunities for a short timespan (typically 4-8 weeks).

The key features of the report include: -

1. ASX-listed stocks for individuals with high risk-taking appetite.
2. The product is based on technical analysis-driven momentum score developed by Kalkine which aims to cover stocks indicating the bullish formation on the chart.
3. Appropriate technical indicators for decision making such as entry levels, target prices, and stop-loss.
4. This product is specially designed for individuals with financial flexibility who typically seek stock research opportunities for a short timespan (4-8 weeks).

Given this backdrop the key reasons to consider this report include: 

1. Unique Momentum Score: The Momentum Score is derived after extensive research and back-testing by a team of qualified and experienced technical analysis experts.
2. Reliable Action Points: The report provides individuals with an appropriate entry level, target prices, and pre-defined stop-loss for a better risk-reward scenario.
3. A Swing Trading Window: The product provides an opportunity to gain from technically moving stocks with conviction on stocks that may have the potential to benefit from momentum in a short span.

Let’s look at one of the stocks which delivered decent returns based on a bullish chart pattern

Tigers Realm Coal Limited (ASX: TIG) witnessed a decent upside rally in a short period and yielded a return of ~31.58% after reflecting a symmetrical triangle breakout by the upside (bullish chart formation). The momentum score at the time of pattern formation was highest that is ‘5’ which indicated the positive momentum build-up in the stock prices.

Kalkine’s Momentum Scoring Methodology:

The Momentum Score evaluates the trends in a stock’s price using key technical indicators where-in the time to enter the stock seems favourable when momentum is positive in the stock price, and vice versa. A scale of 1-5 has been used. 1 reflects the lowest score indicating the stock prices are in a downtrend and the upside momentum in the price of the stock seems limited while 5 reflects the highest score indicating the stock prices are in an uptrend and the upward momentum in the stock prices seems strong. Following are the key indicators used in arriving at a Momentum Score.

Source: Kalkine Group

To summarize, Kalkine's Bullish Chart Report is easy to comprehend with actionable insights for technical research around the potential themes. This report aims to cover stocks after an analysis of technical tools. It must be noted that recommendations provided under this product are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. There could be other key risks that could impact the stock’s prices including regulatory risks, interest rates risks, currency risks, social and political instability risks, etc.

Note: Trading decisions require a thorough analysis by individuals. Technical reports in general chart out metrics that may be assessed by investors before any stock evaluation. The above are illustrative analytical factors used for evaluating the stocks; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.