ECX.ASX_Range Breakout and Retrace Trade_LongENTRY: 2.25
SL: 2.13
TP1: 2.50
TP2: 2.82
- 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 25 Jun 2021 with good volume
- Retraced with low volume after the breakout and green volume today showing possible BIC
ASX
BTH.ASX_Range Breakout Trade_LongENTRY: 1.185
SL: 1.06
TP1: 1.275
TP2: 1.400
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Broke out down-trendline on 26 May 2021. Hence, change of trend.
- Broke out of first accumulation zone on 17 Jun 2021. Hence, added confirmation on change of trend.
- Breakout of second accumulation zone with good volume but not a good closing. Look like swinging up from bottom of channel.
- Watch or tighten SL in coming days.
IFL - Bullish Trade PlanIFL is looking good and has been printing higher highs which is a good sign. Currently it seems that it may pull back lower to print a higher low. I expect price to retrace lower towards my Buy Zone between $3.85 - $3.95, which is previous support and also trendline support. I will be taking a long position after bullish price action in the Buy Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
TGR - Trade PlanTGR broke out of its downtrend line strongly confirming a change in trend. Currently its pulling back and is at its 61.8 Fibonacci Retracement Zone. I want to see bullish price action in this zone which would give me confidence to take a buy position and I will target the recent highs with a tight stop below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MSB - Trade PlanMSB has been consolidating until recently when it spiked higher and pulling back currently. This could be a buying opportunity as long as its 50SMA support holds. I will be watching price action at the current levels and targeting the upper Resistance level of $2.95 with a tight stoploss below the swing low or the 50SMA at $1.80.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
REG Correlation buyEarlier this year Japara health care (JHC, bottom chart) had a take over bid, pushing the stock to higher prices, outperforming REG. The stock is typically highly correlated, and with the deviation from the mean I'm looking for a return back to the mean. I will be going long REG and potentially taking a short on JHC for a reversion.
$AHC 0.150 2200d baseIts been a LOOOOONG grind, but finally its got someones attention
Bigger the base, bigger the space, should move out here relatively nicely
PNV.ASX_Range Breakout Trade_LongENTRY: 2.79
SL: 2.60
TP: 3.06
- ADX>20
- RSI<50,RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout of ascending triangle on 17 Jun 2021 with good volume
AXE looking to continue its BULLISH trend all the way to its ATHAs you can see over the past few weeks we have seen AXE follow this channel with only 1 touch to its support. There is still a moderate amount of buying volume entering the market and we are looking to close in on its supports 2nd touch. This interaction "may" see AXE try to achieve its all time highs by the mid to late week on the back of FOMO and extra disposable income due to the 2020/2021 EOFY tax returns.
Buy order: $1.000-$1.010.
Stop loss: $0.920 (-8.46%)
Take profit ranges: $1.100 (+9.45%) / $1.200 (+19.43%) / $1.250 (+24.35%) / $1.335 (+32.89%)
Not financial advice. Be safe and good luck!
$BFCLooksee or breakfree... potential BO
Decent volume coming thru today, with strength in the background
SBM - Trade PlanSBM has broken out of it downtrend line with High Volume indicating a possible change in trend. There is also MACD Bullish Divergence indicating a change in momentum. This shows that the risk to reward is on the upside. My plan is to target the initial resistance level of $2.05 (potential 10% gain) with a tight stop below the recent low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MAG - Bullish Trade PlanMAG plummeted hard but seems that it has managed to find support at the 78.6 Fibonacci Retracement level. This is a positive sign and any bullish price action should provide confidence to get long. My initial target would be $0.180 (potential 30% gain) with a tight stop below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SLR - Bullish Trade PlanSLR seems to have found support at the current levels and recent price action suggests that it may continue higher. MACD has also printed a bullish cross which may be a sign that price may head higher. My target would be $1.920, the next resistance level (potential 10% gain) with a stop below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SSR - Potential Buying OpportunitySSR broke out of its downtrend in April 2021 and made a high of $24. 40 , in the beginning of June. Since then it has been pulling back and currently at its 61.8% Fibonacci retracement zone. Price Action at the current zone shows that it has found support and any bullish price action will be an encouraging sign to get long. My target will be $23.15, the next Resistance level (potential 10% gain) with a stop below the recent swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
GOR - Bullish Trade PlanGOR has pulled back as expected and a good buying opportunity may be coming up again. The current pull back is expected to get exhausted and I expect price to turn bullish as this is the 61.8% Fibonacci zone. Any bullish price action at the current zone may be an opportunity to take a long position targeting the recent highs. My initial target would be $1.500, the next resistance level (potential 13% gain) 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.
EVN - Bullish Trade PlanEVN took a beating after gold price dropped but it seems that this current pull back is about to exhaust at the 61.8 Fibonacci level. Some bullish price action at the current levels will be an encouraging sign to get long for a potential target of previous highs. My initial target would be $5.00 level (potential 12% gain) and a tight stop below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NCM - Bullish Trade PlanNCM - After breaking its uptrend, it has pulled back to its Fibonacci 61.8% zone and is showing good support. I will be watching price action at the current levels to see if it shows bullish price action to get long for a target of $28.00 and above (potential gain of 10%), and a tight stop below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Trade PlanNST has pulled back to it's Fibonacci 61.8% zone and is showing signs of support and bullish price action. I am bullish NST targeting the previous highs of $11.80.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Risk Management - Tom DeMark TD 9 Still in Play ASX200 $XJO Was 7406 the top for the short term?
Was the breakout this week a bull trap?
Technical indicators such as the MACD and RSI are still with the bears.
If we close below the 21 daily moving average, time to reduce position size and risk until we can close above 7406 again.
RHP.ASX_Range Breakout Trade_LongENTRY: 2.06
SL: 1.875
TP1: 2.19
TP2: 2.35
- ADX>20
- RSI<50,RSI>70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Breakout of cup and handle on 25 Jun 2021 with good volume
AD8 - Get ready for it to breakout!!Key Technicals - Symmetrical triangle pattern suggesting there could be some nice upside in AD8 ( roughly 30%). Looking to enter a Breakout of triangle pattern. Trend to continue bullish if we break the high side.
Key Fundamentals - Plenty of growth as AD8'S products are becoming more of a necessity rather than a luxury.
asx.api.markitdigital.com
API - Trade PlanAPI had moved up strongly breaking the bearish trendline but has pulled back lower again. It could be backtesting the breakout zone for price to move higher. I will be taking a long position if price action confirms with a stop below the low and targeting the recent highs.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Go Long on Mining Stocks $BHPBHP breaking out to the upside soon?
The chart pattern is showing an uptrend bull flag.
