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NST Go Up or Down to $6.25 range!I am not confident that ASX:NST would continue or form a up trend from here. considering development in gold, I think NST can potentially go further down if it does't go up from here down to $6.25 range. Please join my Slack Channel to form active traders community to analyse and discuss trading ideas, thanks: join.slack.com Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NSTShort
by AsimMirzaTrader
3
Z1P - Could provide a buying Opportunity!Z1P is showing signs that it has found supportt at the trendline Support coupled with High Volume. This indicates buying interest at current level of $7.00. I think that if Z1P manages to close above $7.00 which is also the POC of Volume Profile, for two more days, it could move higher towards its next Resistance level of $8.45. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:ZIPLong
by AsimMirzaTrader
CSL - Are the Bulls Entering at Support@As we can see that the Support Zone of $268.00 - $274.00 has been strong because it got bounced off in the end of July 2020, and price made a high of $320.00 then. Now that CSL was plunging, the same support has held very well and we can see the downtrend line violated, with a Bullish Candle closing above it, with High Volume. MACD has also crossed and RSI has come out of the Oversold region, indicating that the Bullls have taken control and want to take it higher. My targets are as follows: 1. TP1 is $287.00 - $290.00 region (Resistance 1) (4% - 5% potential) 2. TP2 is $298.00 - $300.00 region (Resistance 2) (8% - 9% potential) Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CSLLong
by AsimMirzaTrader
RIO Next Stop $80 Range???With current uncertainly www.commsec.com.au following is a snippet from news: 1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in May, following China’s clampdown on the property sector and pollution. 2. A downdraught in Chinese property prices would further subdue construction and reduce iron ore demand. Of course, a potential Evergrande default would be catastrophic for steel demand and shares of Aussie-listed iron ore producers. with current levle of uncertainlty, it's just like catching falling knife, unless we get trend reversal confirmation. it is possible we can see further down side around $90 range and then finally $80 range. Please note these are my own notes for future reference, by no means trading advise to anyone. Also, please feel free to comment or share your thoughts.
ASX:RIOShort
by AsimMirzaTrader
FMG little hope otherwise $11 range next.With current uncertainly www.commsec.com.au following is a snippet from news: 1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in May, following China’s clampdown on the property sector and pollution. 2. A downdraught in Chinese property prices would further subdue construction and reduce iron ore demand. Of course, a potential Evergrande default would be catastrophic for steel demand and shares of Aussie-listed iron ore producers. with current levle of uncertainlty, it's just like catching falling knife, unless we get trend reversal confirmation. I will be looking for following conditions: next week if it closes above $16, would give us some hope - OR - if it goes below $13.50 then next stop would be $11 range. Please note these are my own notes for future reference, by no means trading advise to anyone. Also, please feel free to comment or share your thoughts.
ASX:FMG
by AsimMirzaTrader
ARB @ 8 OCT 2021Text me if you have any questions/comments for me. ----- ARB - Previous analysis was done on 8 Sep - Suggested waiting for a successful rebound - Since then, the stock has been sideways and looks trapped in No Man’s Land (blue highlighted zone) - $48 levels used to be a resistance level (red arrow) and that resistance still holds (blue arrows) - Stock keeps getting rejected by the short- and mid-term resistances - The next support levels look to be the $44 levels - A successful breakout of the counter-trendline (purple dotted line) may present half-position entry opportunities - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout of counter-trendline
ASX:ARB
by Jerm88
ALQ @ 8 Oct 2021Text me if you have any questions/comments for me. ----- ALQ - First time doing a written analysis on ALQ - Has a history of uptrends and downtrends - Since the pandemic crash in Mar 2020, the stock price has risen by almost 180% - Strong resistance seen at current price levels -> created in May 2012 - Stock is currently testing the mid-term support - A successful breakout would be when the stock is around 13.55 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest only plotting entry when breakout is successful
ASX:ALQ
by Jerm88
BST @ 6 OCT 2021Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 4 Oct - Suggested waiting for a successful rebound at 3.45 levels before plotting entry - Today, the stock reached a high of 3.41 before breaking and closing below the short-term support - Today’s retracement is interesting as there is a potential of a good entry opportunity if the stock successfully rebounds - A successful rebound look to be around 3.30 levels - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
B
by Jerm88
CAR @ 6 OCT 2021Text me if you have any questions/comments for me. ----- CAR - Previous video analysis was done on 30 Sep - Suggested waiting for successful rebound to $26 levels before plotting entry - Instead, the stock continued to show weakness and has now closed below the mid-term support - If the structure has yet to break, there definitely is a big tear in the trend - Any further drop below $24 would constitute a structure break - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs to form
ASX:CAR
by Jerm88
RDY @ 6 Oct 2021Text me if you have any questions/comments for me. ----- RDY - First time doing a written analysis on RDY - Currently trading near all-time high regions - Uptrend started to form since end-March 2021 - Stock is outperforming the market -> Recent market downtrend has not affected the stock - Current test of the short-term support looks to provide another opportunity for entry - A successful rebound look to be around 3.50 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:RDY
by Jerm88