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Asx200

IMD @ 14 SEP 2021IMD - First time doing a written analysis on IMD - Has history of mid-term uptrends that is interrupted by slow sideways price consolidation - Holding this stock would require more patience - This stock is finally making a move with a strong breakout from the counter-trendline (red dotted line) - Continued strong price action in this trajectory could see the stock create a new all-time high - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of forming new all-time high
ASX:IMD
by Jerm88
ILU @ 14 SEP 2021ILU - Previous analysis was done on 13 Sep - Suggested entry around 10.25 levels if missed out on previously suggested entry levels of 9.90 - Today’s price action is quite far from the short-term support - Even though there still is a borderline 10% risk setup for entry, it is recommended to manage risk by either entering half position or waiting for a retracement and successful rebound - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest half entry at current levels or waiting for a retracement and successful rebound
ASX:ILU
by Jerm88
CHC @ 14 SEP 2021CHC - First time doing a written analysis on CHC - Has history of good uptrends - Stock respects the short-term support more of the time - Trading in a tight band for the last 3 weeks -> I would call this “No Man’s Land” - Formed a double top with strong resistance near 18.50 levels - Today’s price action looks like the first signal of a rebound, but more price action is required - A successful rebound would mean that a strong support would also be formed near 17.50 levels - Due to strong overhead resistance, a breakout strategy is preferable - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of either counter-trendline or 18.50 resistance levels
ASX:CHC
by Jerm88
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
ASX:ASM
by Jerm88
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.
ASX:NHCLong
by AsimMirzaTrader
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.
ASX:LYCLong
by AsimMirzaTrader
1
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
ASX:SUL
by Jerm88
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
ASX:LYC
by Jerm88
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
ASX:IGO
by Jerm88
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.
ASX:CXULong
by AsimMirzaTrader
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.
PLong
by AsimMirzaTrader