Time to add CSL to the watchlist $CSL #asx #asx200 CSL is forming an inverse head and shoulders pattern.
Technical indicators MACD and RSI are looking good for an uptrend breakout in the coming days or weeks.
ASX
ASX:PLS - ⚡ Pilbara Minerals Marching ahead of QUARTERLY ReportASX:PLS
Up 10 % today ahead of the JUNE 2021 QUARTERLY ACTIVITIES REPORT ADVISORY
Positive new expected?
BGL Bellevue gold LongBGL has just had a good pull back and looks to have temporarily broken the short term downtrend, could possibly turn out to be the start of the next leg up to a new high to continue it's current uptrend.
PEN Trend reversal?PEN has been in a big prolonged downtrend for over 10 years, looks to be forming a bottom here and possibly starting new market structure as shown in the next chart. You can clearly see a huge increase in volume building and has now closed above the 20MA on the monthly chart. Uranium etf has had some big gains over the last few months helping to lift PEN.
$BEL $0.120 $9m MC....Hold 20% of $SRK =$16M Hmmm 1+1=4Pretty illiquid given only 76M SOI
Market cap $9M
They have a 20% sub hold of $SRK worth around $16M atm
Definitely flyin under the radar imo
No wonder pullbacks have been so light up here
STT in red
$RGI $0.046 VOLUME Copping a fair bid last few days, with a sales story in the background along with the recent pro raise (0.035) she might provide from here imo
Holding
Axie Infinity (AXS) • Hype train getting derailed AXS most hyped coin in recent days singling a local distribution top.
In this video we go through some technical levels important paying attention to and ongoing trend.
DELOREAN (DEL:ASX)DEL was in a falling wedge pattern after entering the asx and hitting $0.42c and falling as low as $0.18c but has since broken out of that pattern and looks like it's ready for a reversal. IPO price was $0.20 and it's currently consolidating around that price area. It also recently confirmed a lower higher. DEL looks like a solid buy at it's IPO price of $0.20 with the company showing promising financials, revenue, net profit, no debt and a P/E of around 6x. It's definitely a long term play but could provide some solid returns in the short term as it's financial data is signally it to be undervalued. DEL also has a 54% Return On Equity which is very impressive.
*Note, This is not financial advice.
$GXY possibly confirming a Cup & Handle pattern on the weekly.Looking in depth at $GXY we can see this week's candle is potentially confirming a bullish move upwards as it shows signs of a successful Cup & Handle pattern. Tomorrow will tell.
Other indicators to consider are the cross of the MACD. If the cross occurs on Friday then I'm 99% sure this will be a great long. However if not, it's up in the air whether next week will be red or green. Either way, I'm still bullish for the year.
Brad's Confidence Meter: ★★★★☆
Buy order: $3.80
Stop loss: $3.41 (-10.26%)
Take profit : $5.60 (+47.37%)
Risk to Reward Ratio: 4.62
Not financial advice. Be safe and good luck!
PNR - Buying OpportunityPNR looks like it wants to move higher. It has bounced off with high volume off support. I am a buyer at current levels targeting recent highs. My TP will be $0.240 (potential 7% gain) with a stop below the lows.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PAN - Buying OpportunityPAN seems to be preparing to move up as there has been high volume recently when it bounced off its 200SMA support. I will be targeting the previous highs at $ $0.175, (potential 8-10 % gain) with a stop below the lows.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MNS - Trade PlanMNS is in an uptrend and has clearly bounced off its 200 SMA. Currently its consolidating and is taking support from the 50 SMA. I am bullish MNS with a stop below the current swing low and a target of $ 0.345 ( a potential 20$ gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
BRN - Could we see a bounce?BRN looks like it may have found support around the 200 SMA and a possibility that we could see a bounce off soon. MACD has crossed also indicating that this could be a zone where buyers could get strong and take price higher. My target on this trade would be $0.550, a potential gain of 10%) with a stop below the swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SSM - Looking StrongSSM looks like it has changed its trend and is expected to move much higher. Any pull back lower could be a very good opportunity to buy. It has broken its downtrend line with high volume indicating a change in trend. I have my buy zone between $0.880 - $0.930, where I will be looking for bullish price action to buy the dip.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CBA.AX (CBA) ShortSome #ASX bellwethers are showing that the market is about to rollover. Take a look at the $XJO chart (interesting geometry) and the $CBA.AX and $MQG.AX charts. The $CBA chart in particular looks like an alarming short setup.
CQE.ASX_Range Breakout Trade_LongENTRY: 3.70
SL: 3.48
TP: 3.86
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MAs are aligned
- Breakout with good volume
$WFL 0.057A bit of news in the background, and some decent volume this AM, this should provide a decent trade imo
Only 209M SOI with the most recent raise at 75
Time to add Xero to the watchlist $XROThis stock has been trading sideways since the start of the year,
If we can break out of this chart pattern and to the upside, it's a buy for me.
VUL - Slow flow upwards, or sideways range-finding?VUL price looking to test a key resistance. Will it pullback to key support around 5.30 or continue in an ascending channel?
ASX:CATHere we have the lifetime chart for ASX:CAT.
- Starting with a price of $0.63 and reaching an ATH of $4.26 in only 1 year.
- It then went on a 3 year downtrend back to its original $0.63.
- After that we see it recover to $2.13 in 1 year.
- COVID-19 pandemic brings price all the way down to $0.49, which is its new ATL.
- Since then price has recovered nicely, and if it continues to do so I will be looking to enter a trade.
I have marked what I would like to happen for me to enter, and the relevant buy zone. I will only be putting a small sum on this trade in the hopes that price breaks the $2.47 resistance line and holds price. Only then will I be looking at this trade more seriously. I can then average down my purchase price with small sum previously purchased.
DYOR
I hope this helps someone
ASX company RLT (Renergen Limited)Dual listed (Australia & South Africa) Renergen is a hidden gem, that appears quite undervalued and is now trading at it's lowest point since beginning of 2021 when it saw a substantial price spike. Price looks to have reached a technical support level on the ASX and we are seeing bullish price divergence indicating a swing back to the upside may be close by.
Renergen (RLT) hold the only onshore petroleum production right is South Africa, already have a proven gas resource and have recently uncovered some of the highest helium content readings globally and as a result they have penned an MOU with one of Germany's prestige automobile companies. They also have a strong management team with deep experience in gas production and South African banking and governance. Fundamentally this looks good and now technically it looks like we are reaching a good buy in price.
I've used 2 tops as Fib retracement levels that both anchor to the same take off point when the price exploded in the beginning of the year, this creates Fib retracement "zones" instead of a single price line and the chart clearly shows that these zones have been important as the price has been falling. The price bounces around these zones quite a lot. Currently we have broken below the 0.382 retracement zone but now receiving support from the volume (refer Volume profile) as we are now at the heaviest traded volume area since beginning of 2021 and the RSI vs price is now showing bullish divergence. If the price does not move higher from here then the next Fib level below (level 0.236) is between $1.43 - $1.46. If we break above the downward trend line (in white) then this could be the beginning of the reversal and would be an extremely cheap entry for a company with such strong long term prospects.
***This is my personal opinion and I'm not a paid advisor, please DYOR before investing***
NWE Long - Ascending Bull FlagEntry = 0.011
Target = 0.017
Aggressive Target = 0.020
Stop Loss = 0.009
