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Long trade on AMPAMP is currently trading at all-time lows. I do anticipate price will trade sideways for some time until the company finds stability and confidence within its management, albeit not long-term. With respect to the technicals, it is clear a double bottom has formed on the weekly time frame which has married the plummet of Covid in March 2020. I am not convinced selling pressure will continue beyond $1.05-1.06. This is a great long trade with excellent risk:reward prospects on one of Australia's most renowned dividend-paying public companies. Thank you traders. Manage your risk.
ASX:AMPLong
by MatthewMallet
XJO - no time to panicThe ASX has just broken its ATH on Monday at 7172 (although I'm told if you add in dividends, we're actually quite a bit higher). However, the moves today (and likely tomorrow judging by the US futures), will likely cause some concerns amongst traders. Its a relatively big move (at least for the last couple of months), but in the scheme of things, today is just 1% down. From what I'm seeing the XJO just slightly above Monday open and around the high point of Friday. Nothing to worry about here. In addition, the overall trend is still up and the Bollinger bands are starting to expand again after tightening last week. TO me the ASX actually looks like it has broken out from a range it was stuck in over most of April, this could just be profit taking or a pullback after a big move yesterday. Although I suspect that it's entirely being driven out of fear arising from the US Markets. All in all, I think these are pretty bullish markers currently. I'm watching it closely and I think the telling point will be if the 50 day MA is breached at around 6900. Anyway, happy trading and if you like this post, check out my blog at www.nickthetraderguy.com. Cheers, Nick the Trader Guy
ASX:XJO
by NicktheTraderGuy
ASX:XMM - Keep a close watch on sector and companiesASX:XMM - Keep a close watch on sector and companies ~The sector is in an uptrend after making a bottom in Jan 2016 ~the previous high was made in Nov 2008 ~after a gap of close of 13-14 years sector has come to the limelight. ~Strong global demand ~China demand for minerals ~ Global infrastructure post-COVID-19 - Govt push ~DON't forget over 50% of the consumption of iron ore is from infrastructure ~Iron ore consumption worldwide increasing steadily ~ ASX listed companies in my watch list. 1. $BSL 2. $CHN 3. $DEG 4. $ILU Trend analysis Fundamental analysis Beyond technical analysis
ASX:XMM
by Peaceful-Weekend-Investing
1
ASX:DUB - Company in blue sky zone...Bank Compliance needs....ASX:DUB - ( Dubber corporation ) Pretty interesting company to read - ASX listed Dubber Corporation - Recording for compliance Compliance Voice recording, which has been common in bank dealing rooms for decades, has become an important component of regulatory supervision across most aspects of banking. The Dubber business model is pretty straightforward. It sells a native cloud solution that is offered as a software-as-a-service. The product appeals to companies wanting to monitor conversations in call centres or for broader recording of staff conversations. That also reflect in stock price - stock hitting ATH...Added in watch list - seems long term story brewing here.. ASX:DUB
ASX:DUB
by Peaceful-Weekend-Investing
1