#S32 320-southCheech and chong-sized bullflag there! Boom.
TIme for a little pullback then away again!
Asx200
PLS @ 13 SEP 2021PLS
- Previous analysis was done on 9 Sep - Suggested waiting for a strong trend reversal
- Today’s price action is accompanied by above average volume
- Stock is again testing the counter-trendline (red dotted line)
- A break of the $2 psychological support might see the stock test the mid-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest using breakout strategies to plot entry
SHL @ 13 SEP 2021SHL
- Previous analysis was done on 7 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry
- Recent price action has provided a slightly better setup for entry
- A successful rebound to around 42.75 levels would present an opportunity for entry
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
JHX @ 13 SEP 2021JHX
- Previous analysis was done on 9 Sep - Suggested entry around 53.50 levels
- Recent price retracement has seen the stock test the short-term support and successfully rebounded
- If you missed out the previously suggested entry, current price levels still present some buying opportunities
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest entry at current levels if believe stock is capable of creating new all-time highs
ILU @ 13 SEP 2021ILU
- Previous analysis was done on 9 Sep - Suggested entry around 9.90 levels
- Since then, the stock has rebounded off the short-term support and created a new all-time high today
- If you missed out the previously suggested entry, current price levels still present some buying opportunities
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock is capable of forming new all-time highs
ASM @ 13 SEP 2021ASM
- Previous written analysis was done on 7 Sep -> suggested waiting for next rebound wave before plotting entry
- Today’s retracement has broken through the short-term support and has also created a new Lower Low (LL) -> not good
- If there is an immediate rebound to create a new Higher High (HH), the stock is still in good condition
- Any further drop to around 10.00 levels would be a structure break
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
360 @ 13 SEP 2021360
- Previous written analysis was done on 8 Sep -> suggested waiting for rebound wave before plotting entry
- Today’s price action is a nice pivot and a new Higher Low (HL) has formed
- A successful rebound look to be around 9.60 levels
- Potential psychological resistance at 10.00 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry if believe the stock can break psychological resistance
WHC - Trade PlanWHC looks way overbought IMHO and I think that a pullback is due. If it pulls back, I would wait for it to reach my 1st Buy Zone between $2.10 - 2.25 and my second Buy Zone is between $1.80 - $1.95 for a potential buying opportunity. If it pulls back, this stock is a Must Buy. Lets see how it develops.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NHC - Trade PlanNHC has a very nice chart with impressive price action but now it seems that it may be due for a pull back because as price is going up, we can see Bearish Divergence on the RSI and MACD. The Bullish Momentum maybe running out of steam. I expect a pullback towards any of my my Buy Zones. My first Buy Zone is between $1.80 - $1.95 and my second Buy Zone is between $1.50 and $1.70. Lets see how it develops.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CRN - Trade PlanCRN has headed into Resistance now and I expect a pullback. My Buy Zone is around $1.00 level where I would be be interested in taking a long position. At this level it looks overbought, and I think a pull back lower should be a very good buying opportunity.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LYC - Trade PlanLYC has been making higher highs but on the weekly chart we can see Bearish Divergence on the MACD and RSI, which is a sign that the momentum may be running out of steam. I expect a decent pull back for a possible buying opportunity. My Buy Zone is between $5.15 - $5.75, where I would be entering after some sort of Bullish price action confirmation. Lets see how it develops.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SMR - Showing StrengthSMR is showing strength and is expected to follow through to the upside. I am eyeing a potential 15% move to the upside at $0.985, where its global POC of Volume Profile lies. The price action is constructive and we may se continuation to the upside.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MHC - Bullish Trade PlanMHC looks very constructive and Bullish. There is good volume coming in and the price action looks good. It is a Uranium stock and I expect price to follow through to the upside reaching my targets. My TP1 is 0.018 (potential 24% gain) and TP 2 (poential 48% gain). Lets see how it develops!
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AR9 - Bullish Trade PlanAR9 is looking strong after coming out of the downtrend line and forming a potential double bottom. Currently it is consolidating within a Bullish Pennant which is clearly a Bullish Pattern. AR9 looks strong and I am expecting a break of this bull pennant with a target of $0.470 (potential 33% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SUL @ 10 Sep 2021SUL
- First time doing a written analysis on SUL
- Has history of multiple uptrends but also multiple downtrends
- Strong resistance zone at 13.50-14.00 levels
- Stock has been forming LHs and Lower Lows (LLs) since August
- Any break of 11.60 support could see the stock test the 10.80 support levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline if comfortable with the overhead resistance zone at 13.50-14.00 levels
LYC @ 10 SEP 2021LYC
- Previous analysis was done on 31 Aug - Suggested waiting for successful rebound to 7.50 levels
- Stock recently formed a mini retracement wave and today’s price action would be considered a successful rebound
- Technically, the stock hasn’t successfully rebounded after the mid-Aug retracement
- To manage risk, half position entries are recommended
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest half position entry at current levels if confident that stock can rebound to 7.50 levels
IGO @ 10 Sep 2021IGO
- First time doing a written analysis on IGO
- Has history of multiple uptrends but also multiple downtrends
- Historically, the stock has traded in a tight range that is bounded by strong resistances and supports
- Created new all-time high a month ago when it briefly tested the 10.00 psychological resistance
- Stock recently formed a Lower High (LH) and Higher Low (HL)
- A break of either the counter-trendline resistance or the trendline support might lead to a strong push in either direction
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline
CXU - Breakout?CXU has fiercely broken out of its downtrend line and the price action coupled with very high volume is very constructive. Being a Uranium stock and the increasing prices of Uranium, this looks like it will continue on the upside on a tear. I am bullish CXU with a TP 1 of $0.055 (potential 25% gain) and TP2 - $0.068 (potential 50% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PAA - Trade PlanPAA is trading currently n a descending wedge and is struggling to close above long term trendline. If it manages to close in the given spot (Green Circle Buy Zone), then it may confirm a change in trend and may get bullish, as this is a very Bullish structure. We need to see good volume and a thrust to the upside for confidence. Lets see how it develops in the upcoming sessions.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NIC - Still more room to the downside?NIC is expected to drop further down towards its strong level of $0.725 IMHO. I think price may consolidate for a bit like it is currently for a further plunge. My buy zone is around $0.725, for a potential buying opportunity. Lets see how it develops in the next upcoming sessions.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
BUX - Trade PlanBUX has reached strong support which is also the global POC of Volume Profile. We need a bit of bullish price action confirmation before taking a buy position, so far the price action looks good. If price consolidates at the current level around $0.070, then we could see price going higher. I will be monitoring price action and once confirmed will take a long position with a target of $0.100 (potential 32% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SZL - Is it time to get Bullish?SZL may be giving another buying opportunity as it has bounced off for the 3rd time off its trendline. Currently it lacks momentum, but if price picks up or even consolidates at the current levels above the $6.30 zone, then we might see momentum picking up. For this scenario, the low must hold, and it could target the next Resistance level of $8.40 (potential 25% gain). Lets see how it develops in the next sessions.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
VVA - Reaching SupportVVA has reached a very good support level now, which is also the global POC of Volume Profile at $1.600. MACD is also forming Bullish Divergence which indicates that the bearish momentum might be coming to an end. We might see a thrust to the upside. If price breaks the downtrend line to the upside along with High Volume, coupled with MACD cross, this would certainly be a buying opportunity and a possible change in the Bearish trend.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
