ASX
IRE - Possible Breakout!IRE seems to be breaking out of the descending triangle with High Volume, suggesting it may be ready to go higher. We also have a Bullish Cross on the MACD and it seems that this could move higher with force. My target for this trade will be the next resistance level of $10.90, which could be a potential 6.00% gain and TP@ at $11.25 giving a potential gain of 10%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Z1P - Could provide a buying Opportunity!Z1P has bounced off Trendline Support with good volume and clearly showing bullish price action. It seems that Z1P should continue its swing to the upside. My target on this trade will be the resistance level of $8.90, which could potentially give a 20% gain. My stop on this trade will be below the 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.
ALU.ASX_Range Breakout Trade_ShortENTRY: 24.88
SL: 27.75
TP1: 23.11
TP2: 19.77
- ADX>20
- RSI<50, RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout from range but prefer higher volume
OZL.ASX_Range Breakout Trade_LongENTRY: 25.85
SL: 24.48
TP: 28.41
- ADX>20
- RSI>50, RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- MA aligned
- Breakout with good volume today. Prefer a better closing.
APT.ASX_Range Breakout Trade_ShortENTRY: 89.00
SL: 99.15
TP: 70.06
- ADX>20
- RSI<50, RSI<30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout from range with good volume
KLA - Waiting for a RetracementKLA has clearly bounced off strongly off the strong support and has moved higher confirming the change in trend. it seems that it is facing some resistance and may give a retracement lower for a buying opportunity. I expect it to retrace in my buy zone between $47.50 - $50.00, where I shall buy after bullish price action. My target would be the resistance zone around $63.75 and a stoploss below the last swing low at $40.50.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NXL.ASX_Range Breakout Trade_ShortENTRY: 3.13
SL: 3.56
TP1: 2.91
TP2: 1.90
- ADX>20
- RSI<50,RSI<30
- Daily RS N/A
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS N/A
- Weekly FFI -ve
- Weekly MACD N/A
- Continue to short yesterday after high volume red candle but didn't like the reversal today with high volume
XRO - Road MapXRO has showed a spectacular run in 2020 but since Jan 2021, it seems that XRO needs a breather and the double top kind of price action shows that it might have turned or about to turn for a decent pull back. I will be a confident buyer at or near my buy zone between $78.00 and $80.00, which is also its trendline support. I will be closely watching price action if and when we get there.
BTC chart doesnt look bullish at all 🚨🥵🚨wuuut wuut wuut The charts have been preparing us for this moment, but a lot of people didnt see it coming. They got blinded by laser eyes and attachment to the one Single individual Elon as a savior of this crypto space. Holy cow, now most of the over leveraged people are recket, reason why technical analysis is always better.
Today`s analysis will show the signs that led to the plunge of BTC and no excuses of Elon tweets. Lets deep dive and analyze.
BTC has topped at 64k with a kinda rounding top but there were a lot of topping formation around the 55K to 64K range. As you can see on the chart not only the rounding top was a warning sign but also a H&S formation was in a making and you know what happens when the neckline is broken. This classic TA not stories no crying.
On a micro level, you can see a small channel which was the last hope for BTC to go up to the 60K and potentially above to the 70k, but as you can see it was broken and since then what a juicy short position. All the way from the 54k to the 43k.
At the moment we are at the cross rod, the chart doesn't look bullish but also there is a strong support in the region of 40 to 42K, notice a confluence of the 200MA in that area which can act as a temporary support. If that zone breaks I see next target around the 37K which if broken 30k may present itself as BTC savior for the time being before a plunge to the 20K.
To my followers, I have not been posting recently as the stock market has been full of choppy setups, I am looking for better setups to share with you in next few weeks. At the moment I am more focused on crypto as I find many trade setups. I will be sharing many more ideas on different tokens.
If you like this TA, please put a thumbs up and share it with your friend, your community on tweeter, instagram,tiktok, everywhere.
Be safe and have profitable trades.
Cheers,
XTF
CGF - Another Buying OpportunityCGF has pulled back as anticipated, and is expected to give another buying opportunity. The recent pullback seems incomplete though and may be it has a little more room to the downside before turning up. I have two scenarios:
Scenario 1 - Can go higher after forming a base and shows bullish price action
Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $4.40 - $4.70.
In both the above scenarios, my target is the same targeting the previous highs, atleast towards $6.75 (potential 40% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CTD - Bullish Trade PlanCTD has given an anticipated pullback lower, but the question is that, is the upside swing ready or it may go a bit lower to give a buying opportunity? I have two scenarios:
Scenario 1 - Can go higher after the recent bullish bounce i.e it may march higher.
Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $15.00 - $15.60.
In both the above scenarios, my target is the same as this could be a B wave.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LLC - Another great Buying OpportunityLLC may be getting ready for a another buying opportunity. The current pullback is a retracement of the trend. It seems that Price is forming a base right at the edge of the channel. A close above the trendline (tentatively $12.15) could be a bullish sign and I would be a buyer . My trade plan for this trade is as follows:
TP1 - (potential gain 10%)
TP2 - (potential gain 20%)
Stoploss - 11.60
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
NST - Bullish Trade PlanNST has broken out of the bearish trendline with high volume. The breakout to the upside has worked worked well and this could be a confirmation of a new swing to the upside. NST has moved up since and has been consolidating within a flag pattern which is a bullish pattern and a follow through to the upside is expected, therefore I am long NST.
My trade plan is given below:
TP: $12.50 (potential gain - 12%)
Stoploss - $10.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.