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ASX

ILU @ 14 SEP 2021ILU - Previous analysis was done on 13 Sep - Suggested entry around 10.25 levels if missed out on previously suggested entry levels of 9.90 - Today’s price action is quite far from the short-term support - Even though there still is a borderline 10% risk setup for entry, it is recommended to manage risk by either entering half position or waiting for a retracement and successful rebound - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest half entry at current levels or waiting for a retracement and successful rebound
ASX:ILU
by Jerm88
CHC @ 14 SEP 2021CHC - First time doing a written analysis on CHC - Has history of good uptrends - Stock respects the short-term support more of the time - Trading in a tight band for the last 3 weeks -> I would call this “No Man’s Land” - Formed a double top with strong resistance near 18.50 levels - Today’s price action looks like the first signal of a rebound, but more price action is required - A successful rebound would mean that a strong support would also be formed near 17.50 levels - Due to strong overhead resistance, a breakout strategy is preferable - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of either counter-trendline or 18.50 resistance levels
ASX:CHC
by Jerm88
ASM @ 13 SEP 2021ASM - Previous written analysis was done on 7 Sep -> suggested waiting for next rebound wave before plotting entry - Today’s retracement has broken through the short-term support and has also created a new Lower Low (LL) -> not good - If there is an immediate rebound to create a new Higher High (HH), the stock is still in good condition - Any further drop to around 10.00 levels would be a structure break - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
ASX:ASM
by Jerm88
NHC - Trade PlanNHC has a very nice chart with impressive price action but now it seems that it may be due for a pull back because as price is going up, we can see Bearish Divergence on the RSI and MACD. The Bullish Momentum maybe running out of steam. I expect a pullback towards any of my my Buy Zones. My first Buy Zone is between $1.80 - $1.95 and my second Buy Zone is between $1.50 and $1.70. Lets see how it develops. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NHCLong
by AsimMirzaTrader