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AGL - Trade PlanAGL looks like it has broken out of its long term downtrend and is expected to head higher. The break of the Bearish trendline coupled with High Volume and huge MACD Bullish Divergence confirms that it is expected to move higher. I am bullish AGL with a target of $10.70 and it may even go much higher towards the strong Resistance level of $12.00. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:AGLLong
by AsimMirzaTrader
Bega - a long cup & handle formation 2 1/2 years to have formed this pattern. looking to breakout to the upside, after a minor pull back to trend support. Easy move here with 5-6% risk. Entry if you've already missed it will be somewhat difficult, either wait for pull back or slowly sizing in or either take the confrimation of handle top. potential 15-50% move depending on your TP targets and term length. ________ *Multiple Bull Divs *2 1/2 Cup formation. *Currently in handle *Strong company growth and earnings beats. *Recent acquisition of Lion group. _______________ - Slow mover - Potential fake out and heavy resistance above 6.40 - Best entry required for good R:R (as of writing its around 2.5/3.5)
ASX:BGALong
by BiggieSmallCAPS
SM1 - Possible Change in trend?SM1 had been falling real hard until recently the price action showing that the Bulls may have stepped in. The break of the down trendline coupled with High Volume may be a sign that there has been a possible change in trend. There is also Bullish Divergence in MACD which makes me a Bull. Any retracement lower may be a very good buying opportunity with an initial target of $3.80. I would be watching price and wait for it to get into my Buy Zone of $2.85 - $3.05. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SM1Long
by AsimMirzaTrader
A2M - Has the Bearish trend changed finally?A2M had been falling in a strong downtrend until recently when it managed to break its downtrend line with very high volume. This price action suggests that the Bulls may have stepped in finally and want to take price higher. It could consolidate for a while before taking off. I am bullish A2M and targeting the recent Resistance level of $7.80 which could provide a potential 30% gain on the trade. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:A2MLong
by AsimMirzaTrader
1
Bapcor - Ascending Triangle 20% UPSIDETechnically Bap looks to have 20% upside. Plus solid fundamentals to add to the story. Key Technicals - looking to buy on breakout of ascending triangle with above average volume. Or throw back of breakout. Key Fundamentals - Growth internationally (TYE SOON aquisition) + New & used car demand remains strong, we are moving around differently than pre covid. Note: Commbanks household spending intentions series suggests the wealth effect from rising dwellings should be bulllish for motor vehicles moving forward. With that in mind, i'm watching closely, particularly, the BAP investor day that was postponned from june to July. We may see a BAP upgrade at some point much like BKW who had/has a very similar chart and is benefiting from the same sort of economic tail winds. www.commbank.com.au
ASX:BAPLong
by rutt
Z1P - Trade PlanZ1P has been consolidating for a while at the lows and now the price action suggests that it may be preparing itself to move higher, as we can see that the Bearish Trendline has broken with High Volume. I am bullish Z1P with my trade plan mentioned below: TP - Next Resistance Level of $8.40 (potential 17% profit) Stoploss - Below the recent Swing Low at $6.20 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:ZIPLong
by AsimMirzaTrader
3
ASX:HUM back on my radars with potential good mood humm🎁🙌🎁ASX:HUM has been in a bear market for last few months after hitting the 1.36$ apogee, it plummeted to the abyss losing almost 30% of the recent high value. But there are signs hidden into the charts that shows it may be ready for another explosive move to the upside. Lets dive right to the technical analysis. This stock has managed to extricate itself from the range 0.950 to 1.025$ which in my opinion was rather bearish than bullish and since then it has shown sign of strength, where it is attempting to break the 1.1$ levels. Escaping that range was followed by high volume as you can see on the chart. The stock is above both 50MA and 200MA and its PSAR is on the bullish side. Also looking at the chart pattern from early April 2021, it looks like a cup without a handle, and I am looking for price to break above the 1.1$ to scale my position. On the target side, first target is 1.16$ which corresponds to the golden fib level of the retracement from recent highs to recent lows. After that I will have my eyes to the 1.2$ I will keep you posted of any change on this stock and if any weakness is found I will let you know. In meantime, as a service request from you, please share these TA charts with your friends and tell them to follow me. I am working on many more charts to share with you not only in stocks but also in crypto. Stay in touch. XTF.
ASX:HUMLong
by xtf_ze_trader
1