ASX
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
AfterPay - Price action needs to hold this level of support !!The APT price action is desperately looking for support and a pretty obvious elliott wave ABC correction is in play. Chart is suggesting APT needs to hold this level or we could see further falls down to the $70 level or even lower. Also H&S pattern is in play. Just an observation take with a grain of salt.
ZEL.ASX_Breakout Trade_ShortENTRY: 2.42
SL: 2.74
TP1: 2.21
TP2: 1.88
- ADX<25. Would like to be higher.
- RSI<35
- RS and FFI -ve
- MACD -ve
- Breakdown with good volume
ORE.ASX Long @6.90Breakout Long @ 6.90
Tp 7.36
SL 6.45
Attention to the proximity of the ATH level. A potential catalyst for taking profit.
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