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ASX

NVX @ 4 OCT 2021Text me if you have any questions/comments for me. ----- NVX - Previous analysis was done on 8 Sep - Suggested waiting for stock to retrace and successfully rebound - In last night’s FB livestream, I said that price is overextended and suggested waiting for a retracement first - Today, the stock retraced strongly to fall below the short-term average - Technically, the short-term average hasn’t been tested since end-July and it doesn’t look like it’s a good support - From the charts, a successful rebound look to be around 6.60 levels on the condition that the stock doesn’t retrace further - Stocks that have retraced strongly usually will form a LH first before the uptrend can continue healthily - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for the next rebound wave
ASX:NVX
by Jerm88
GNC @ 4 Oct 2021Text me if you have any questions/comments for me. ----- GNC - First time doing a written analysis on GNC - Stock is currently trading at a resistance that was formed during the height of last year’s pandemic crash (purple dotted line) - Since then, the stock has had more sideways consolidation interspersed with uptrends that last for a few weeks - Stock is bounding around the short-term support and a successful rebound from here will provide an opportunity for entry - A successful rebound is around 6.60 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry or waiting for a successful breakout of strong resistance
ASX:GNC
by Jerm88
BST @ 4 OCT 2021Text me if you have any questions/comments for me. ----- BST - First time doing a written analysis on BST - Stock re-started trading in late July - Since then, has had a 50% increase with nice uptrends - A nice test of the short-term average and a successful rebound will present a good entry opportunity - Stock volume is roughly less than 100k -> Illiquid stocks could mean that the stock may have sudden strong movements - Price action over the last 2 months shows quite healthy price volatility - A successful rebound close to 3.45 levels would represent a successful rebound - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
B
by Jerm88
ABB @ 4 Oct 2021Text me if you have any questions/comments for me. ----- ABB - First time doing a written analysis on ABB - In last night’s FB livestream, I suggested a breakout entry if believe the stock was capable of forming new all-time highs - Today, the stock created a new ATH but quickly retraced to form a bearish pin bar - Historically, the stock has had periods of uptrends interrupted by long periods of sideways consolidation - Stock is currently trading a resistance zone (blue highlighted zone) - A breakout entry would mean entering at a price that is far from the short-term support - Due to today’s bearish pin bar with above average volume, the entry for setup is on the risky side - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a better setup for entry
ASX:ABB
by Jerm88
$GOLDin USD Looks like a queeze up to COMEX open time is possible... Let's see. As I said last night.. there are enough features here to sow doubt in me that it's a bearish chart. I think could go either way, but I'm leaning 51/49 to go up. As @lukeytrags has been quite upset about, the goldies are capitulating today. I think that's the last scream of capitulation as theyr race to hit RI30 and lows on charts for FBOs etc before they go up. GOtta break the back of hodlers so they're too scared to re-enter, until they aren't and they chase it all of the way up.
TVC:GOLD
by UnknownUnicorn13172879
SHL @ 27 SEP 2021Text me if you have any questions/comments for me. ----- SHL - Previous analysis was done on 13 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry - Since then, the stock did not recover to around 43 levels - Instead, the stock closed below the mid-term support last Friday - In last night’s livestream, I shared that I was still holding the stock and I’m going to risk some of my unrealised gains to see if the stock is capable of an immediate recovery - Today, it closed above the mid-term resistance by the skin of its teeth - I’m still concerned by the lack of buying volume returning -> an important criteria that can drive a strong rebound - A successful rebound will be at 42.50 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
ASX:SHL
by Jerm88
CXL @ 27 SEP 2021Text me if you have any questions/comments for me. ----- CXL - Previous analysis was done on 15 Sep -> suggested waiting for retracement and successful rebound - Since then, the stock created a new all-time high and quickly to test $5 levels - Price is quite extended at the moment and far from the short-term support - A successful rebound look to be around 5.35 levels - Due to the risky setup, a better way to manage this trade is to wait for another retracement and rebound wave - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for another retracement and successful rebound
ASX:CXL
by Jerm88
CSL @ 27 SEP 2021Text me if you have any questions/comments for me. ----- CSL - Previous analysis was done on 7 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone - Since then, the stock continues to be bounded by the overhead resistance zone (blue shaded area) and the counter-trendline (purple dash line) - As mentioned in last night’s livestream, I raised my concerns that the stock might experience a retracement - Stock closed below the short-term average -> we could see a test of the mid-term support this week - A successful rebound would be when the stock goes back to 310 levels - R is below 10% - Strategy-to-buy (DYOR) – Suggest half entry around 310 levels if comfortable with overhead resistance zone
ASX:CSL
by Jerm88
ACL @ 27 SEP 2021Text me if you have any questions/comments for me. ----- ACL - Previous analysis was done on 23 Sep - Suggested waiting for successful breakout of 4.60 levels accompanied with strong volume before plotting entry - After last Friday’s gap up and quick retracement, I thought the stock would retrace to the short-term support again - Today, the stock closed above the resistance with slightly above average volume - Stock looks to be a bit far from short-term support -> slightly higher risk - Continued price action above today’s high would be a successful breakout - Increased trading volume would be another good confirmation - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of forming new all-time highs
A
by Jerm88
ASX 200 @ 27 SEP 2021Text me if you have any questions/comments for me. ----- 27 SEP 2021 – Market Watch As mentioned in last night’s livestream, the ASX 200 is currently trading in No Man’s Land. This is a zone where it is trading in a band that is bounded by a strong resistance (7400 levels) and strong support (7250 levels). Usually, when an index or stock is stuck in No Man’s Land, there needs to be a strong catalyst to break either the resistance/support. With the markets still feeling the unease stemming from Evergrande’s missed interest payment last Thursday and the continued lack of clarity on the US Fed’s tapering plans, I fear we might continue to be stuck in this tight band (blue shaded zone) for at least the coming week. The best-case scenario is if there is a successful push to 7500 levels and beyond. If it happens, I would be more bullish on the market. As it is, I am more trigger happy when deciding to trim positions. If Evergrande somehow presents a huge contagion effect at a global level similar to Lehman Brothers, the ASX 200 will likely drop to possibly even break 7150 levels. 88% of my stocks are green today. How about you? If you find this market analysis helpful, let me know in the comments. May the markets continue to be with us! Disclaimer:- I’m a mid-term trader and I hold my stocks between 1-3 months. I’m using Trend Following strategies and my analysis will be from a perspective as a Trend Follower. I’m sharing these analyses for learning purposes and as always, DYOR.
ASX:XJO
by Jerm88
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