ASX
SYM.ASX_Bearish Pullback Trade_ShortENTRY: 3.31
SL: 3.80
TP1: 3.07
TP2: 2.91-2.97
- ADX<25. Would like to be higher.
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Price breakdown on 23 Sep 2022 and then pullback.
- Candle on 10 Oct 2022 shows rejection of support-turn-resistance area with head wick and high volume.
- Entry based on today from pullback and rejection of support-turn-resistance area (3.46) with engulfing candle.
IDENTIFIED LONG ENTRY AREA - RIO TINTO LIMITED - RIO - WEEKLYThis time we look at the RIO's price in the Australian Stock Exchange ASX.
The black horizontal line is potentially the strongest support ever.
Price has strongly failed in the past to go under it.
The curve is coming back around those prices which probably pictures a buying zone.
It might probably interesting to buy while in the square and exit when the price goes back again above the up trending black dotted line.
Wanna Share Your Thought About This Idea ?
Buying ASX200 at current support.ASX200 - Intraday - We look to Buy at 6595 (stop at 6550)
We are trading at oversold extremes.
A Doji style candle has been posted from the base.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Preferred trade is to buy on dips.
Our profit targets will be 6720 and 6770
Resistance: 6770 / 6965 / 7140
Support: 6580 / 6410 / 6210
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
AAC.ASX_Bearish Pullback Trade_ShortENTRY: 1.705
SL: 1.81
TP1: 1.665
TP2: 1.585
- ADX<25. Would like to be higher.
- Daily RS -ve
- Daily FFI -ve
- Weekly RS +ve
- Weekly FFI -ve
- Moving averages are aligned.
- Price breakdown from uptrend line on 20 Sep 2022 and rejected it on 26 Sep 2022 where it also breakdown from 200EMA.
- Entry based on today from pullback and rejection of support-turn-resistance area (1.76) and 200EMA.
RWC.ASX_Bearish Breakdown Trade_ShortENTRY: 3.39
SL: 3.64
TP1: 3.24
TP2: 2.96
- ADX>25
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Stoch RSI dipping down.
- First breakdown on 26 Sep 2022
- Entry based on today shows rejection of support-turn-resistance area (3.46) with engulfing red candle and high volume.
Selling ASX 61.8% pullback.ASX200 - 22h expiry - We look to Sell at 6860 (stop at 6950)
Posted a Double Bottom formation.
The 1 day moving average should provide resistance at 6790.
We have a 61.8% Fibonacci pullback level of 6857 from 7138 to 6410.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
Our profit targets will be 6595
Resistance: 3965 / 7140 / 7340
Support: 6775 / 6580 / 6410
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
WBC.ASX_Bearish Breakdown Trade_ShortENTRY: 20.70
SL: 21.52
TP: 20.22
- ADX<25. Would like to be higher.
- Daily RS +ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI +ve
- Moving averages are aligned.
- Price breakdown from uptrend line on 26 Sep 2022.
- Entry based on today breakdown from previous low (20.78) and >3% rebound off 10EMA but would like volume to be higher.
COF.ASX_Bearish Pullback Trade_ShortENTRY: 1.58
SL: 1.65
TP: 1.375
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Stoch RSI dipping down.
- First breakdown on 2 Aug 2022
- Second breakdown on 7 Sep 2022 with retracement to near 10EMA and support-turn-resistance area (1.625).
- Entry based on today >3% rebound off 10EMA but would like volume to be higher.
$ALG 0.535 reversal Currrently grinding away at a key level here.
A couple of decent bites could see a pretty decent move out.
$ETH LongEth late shorts will be punished here imo.
A reclaim of the local range low and a pop above the falling resistance and EMS is the long trigger. Aiming for the short stops at the range high before continuation to the downside.
Im already in @ 1442 target if we get back into the local range will be range high.
ASX Trades - AVL Long IdeaDisclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome!
Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July.
A clear base has formed at the 0.041 level during this consolidation period.
Trade idea will be validated by an increase in buying volume, causing a breakout above the consolidation pattern. If price retests and confirms the 0.050 level as support, and RSI is above 50, then I will enter the trade.
Initial stop loss will be below the pattern, and targets will be the previous monthly open prices (the dotted blue lines).
The 9EMA will act as a trailing stop when/if the trade is active.
This is a swing trade, which I will hold for 1-3 weeks depending on the market's movements.
CSL.ASX_Bullish Breakout Trade_LongENTRY: 299.20
SL: 285.64
TP: 317.82
- ADX<25. Would like to be higher.
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout of consolidation area on 6 Jul 2022 before going into another consolidation range.
- Recovered well on 17 Aug 2022 after earnings indicating possible buyers still in play.
- Entry today based on breakout and rebound off 10EMA and 20EMA with volume. Would like the rebound to be >3%.
CGC or Costa Group Holding / Long!Everything is clear on the chart... I am going long on this one
ASX:CGC