MND - Another Buying Opportunity?MND may be poised to move up aiming its previous resistance. A breakout of the bearish trendline (Wedge) combined with bullish price action off from the POC of Volume Profile makes me bullish. Another evidence is the MACD cross with Bullish Divergence which tells us that the Bearish Momentum has exhausted as price was going down and MND is ready for an upswing. My trade plan is as follows:
TP1 - $12.40 (Potential gain 10%)
TP2 - $13.30 (Potential gain 20%)
Stoploss - $9.90
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX
REX - Is the Pullback Over?REX has stopped its fall and has decisively bounced off the 200SMA and it seems that the pullback is over and price is likely to move up. MACD has given a bullish cross which is also a bullish sign and a confluence. I am expecting the upswing to continue higher. My trade plan is as follows:
TP - $1.880 (potential 17% gain)
Stoploss - $1.420
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
YAL - Ready to take off?YAL has been getting very well supported on the 200SMA and the consolidation is probably gathering energy to push higher. With MACD Bullish Cross as a confluence, I am bullish YAL and expecting it to move higher in the next few trading sessions. My trade plan is as follows:
TP1 - $2.45 (potential gain 7%)
TP2 - $2.55 (potential gain 11.5%)
Stoploss - $2.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MEZ - Bullish Trade PlanMEZ looks good and ripe for a move higher because of the two consecutive breaks of the Bearish Trendlines with High Volume and has bounced off its strong support of $4.60 level. MACD has got bullish too and maybe we shall see the upswing continue to go higher. My target for this trade would be $6.00 level which could be a potential 18% gain.
TP - $6. 00 (Potential Gain 18%)
Stoploss - $4.50
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ANO - Bullish Trade PlanI am expecting ANO to move higher in the next few trading sessions. Price has been getting supported above the 200SMA and 50SMA and has been consolidating and volume is also picking up. Price initially broke out of the Bearish Trendline with very High Volume and MACD has also crossed, giving a Bullish signal. My trade plan is as follows:
TP1 - $$4.60 (potential gain 8%)
TP2 - $$4.90 (potential gain 15%)
Stoploss - $3.90
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$WOO.AX nice Chart - destined for higher prices $WOO$WOO.AX nice Chart - destined for higher prices $WOO
Wooboard Technologies Limited (WOO, formerly Reffind Limited )uses a gamified, social cloud-based platform to allow employees to send recognition and share updates instantly. Wooboard, the simple peer to peer recognition platform, to help create a positive culture of recognition in the workplace.
$TD1.AX broken out and coming back to retest the BO Line $TD1$TD1.AX broken out and coming back to retest the BO Line $TD1
lets see if it was a fail break out or got more room to move.
TALI Digital Limited (TD1, formerly Novita Healthcare Limited) is a tech company focuses on development of software solutions to address neurological conditions in early childhood through its TALi platform. TALi platform is a scientific and clinically validated program that addresses the early childhood issue-inattention, a key feature in conditions including ADHD and ASD.
EML - A breakout to a new ATH - but will it holdEML is an ASX listed stock in the By Now Pay Later space which has recently seen a lot of chatter.
Looking at the chart, the stock appeared to be in a long period of consolidation between early May 2020 to December 2020, with price mostly below the 200 day MA during this time. A break out from the consolidation range looks to have occurred during the first week of December 2020 with a new upwards trend establish which ran to around mid-Dec (around the 18th).
This was followed by a fairly sharp pullback to the 50 day MA which has been acting as support for the last couple of months. Following earnings on 17 Feb, the stock has seen a significant gap-up (around 12%), which has seen the stock consolidating for the last 2 months. Today (7 April 2021), the stock has had another significant gap-up (around 6-7%) which has seen price break out of the consolidation range. Today's movement has been volatile (around 10%) but if the momentum can be maintained across the next couple of days, I think this stock has a good chance of continuing its uptrend in both the short and long term.
Happy Trading,
Nick the Trader Guy
Check out my blog at www.nickthetraderguy.com to follow the progress of trader going from boom to bust to consistently profitable.
$CI1.AX Credit Intelligence, trying to establish the bottom $CI1
$CI1.AX Credit Intelligence, trying to establish the bottom $CI1
Credit Intelligence Ltd (CI1, formerly APAC Coal Limited) is into debt-restructuring business operating in Hong Kong and Singapore. Credit Intelligence provides bankruptcy administration services and Individual Voluntary Arrangement (IVA) proposal consultancy, implementation services and credit funding for corporates and individuals
Fair Value 3.3c - 3.8c
OZL.ASX_Breakout Trade_LongENTRY: 24.191 (average)
SL: 22.55
TP1: 73.26
TP2: 82.99
- ADX>25
- RSI>65
- RS +ve
- FFI -ve
- Daily MACD +ve
- MAs aligned
- Breakout with good volume
DOW - Seems like thePullback is over.DOW looks good and ripe for a move higher because of the break of the Bearish Trendline with High Volume. MACD has got bullish too and maybe the pullback is over and we should witness this leg higher as we are in a clear uptrend. My trade plan is given below:
TP - $5.55 (Potential Gain 7%)
TP - $5.80 (Potential Gain 10%)
Stoploss - $4.88
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CQE.ASX_COC Trade_LongENTRY: 3.06
TP1: 3.21
TP2: 3.49
SL: 2.88
- ADX<25. Would like to be higher.
- RSI>50. Just went above which gives additional signal of Change of Character (COC).
- RS -ve but point up
- FFI +ve
- MACD daily +ve
- Possible hidden buying on 9 Mar 2021
- COC today above 10MA
- Breakout from down-trendline with good volume today
Aus200 strength at resistance lineRejection has been clear each time this last touch we have consolidation.
Lows have been rejected and getting higher
short term trend is bullish to 7k IMO
Telstra breaks 200 MA on the weekly and is looking interesting.ASX:TLS is finally starting to look interesting again. The stock has been underperforming for some time now, let's hope this is not yet another false start. If breaks the highs of the previous wave at around $3.50 AUD then I'll be looking to take a position in it for the long term. Good dividend history and some value in the business restructure will hopefully yield some value for long term holders.