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Asx200

AVH - Could provide a Buying Opportunity!AVH has bounced off strongly off support and the break lower could be a false break of Support. My Buy Zone is between $4.75 and $5.00 where I may be buying the pullback once price action confirms it, with a potential target of the previous highs. Price is currently showing resistance at the 200SMA and could pullback lower to provide a new buying opportunity. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:AVHLong
by AsimMirzaTrader
VEA - Buy the Pullback?VEA has strongly moved to the upside, breaking the downtrend line suggesting that the downtrend may have finished. Currently price is pulling back to backtest the broken trendline which may act as a Support Zone. This may provide a very good opportunity to buy the dip around the Buy Zone of $1.850 - $1.920, with a target of the next Resistance Zone between $2.175 - $2.275. I will be buying once bullish price action confirms it with a stop below this swing. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:VEALong
by AsimMirzaTrader
NVX - Buying Opportunity!!NVX has broken out of the bearish trendline with High Volume and a MACD Bullish Cross, showing conviction of the Bulls. This price action suggests it may go higher towards the next Resistance levels. My Tp1 is $2.75 with a potential gain of 16% and TP2 at 3.00 with a potential gain of 27%. My stoploss on this trade will be below this swing low at $2.00. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NVXLong
by AsimMirzaTrader
BXB - Another Buying OpportunityBXB has clearly broken its downtrend and has made a swing high. Price is expected to pull back and I am expecting it to reach towards my Buy Zone between $10.70 - $10.80, which is also trendline support. I will be looking at price action in that zone for a long opportunity and my targets will be the previous highs and above with a stoploss below the new swing low. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:BXBLong
by AsimMirzaTrader
ORG - Bullish Trade PlanORG has bounced off strongly off Support with very High Volume, confirming its Bullish reversal. I expect a little correction to the downside as it looks like it is currently facing some resistance. There is also MACD Bullish Divergence on the Daily Timeframe and I expect a small correction or maybe a backtest of support near $4.20 - $4.35 zone which could give a fantastic opportunity to get long with a target towards TP1 - $5.30 and TP2 - $6.00. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:ORGLong
by AsimMirzaTrader
AGL - Trade PlanAGL looks like it has broken out of its long term downtrend and is expected to head higher. The break of the Bearish trendline coupled with High Volume and huge MACD Bullish Divergence confirms that it is expected to move higher. I am bullish AGL with a target of $10.70 and it may even go much higher towards the strong Resistance level of $12.00. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:AGLLong
by AsimMirzaTrader
SM1 - Possible Change in trend?SM1 had been falling real hard until recently the price action showing that the Bulls may have stepped in. The break of the down trendline coupled with High Volume may be a sign that there has been a possible change in trend. There is also Bullish Divergence in MACD which makes me a Bull. Any retracement lower may be a very good buying opportunity with an initial target of $3.80. I would be watching price and wait for it to get into my Buy Zone of $2.85 - $3.05. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SM1Long
by AsimMirzaTrader
A2M - Has the Bearish trend changed finally?A2M had been falling in a strong downtrend until recently when it managed to break its downtrend line with very high volume. This price action suggests that the Bulls may have stepped in finally and want to take price higher. It could consolidate for a while before taking off. I am bullish A2M and targeting the recent Resistance level of $7.80 which could provide a potential 30% gain on the trade. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:A2MLong
by AsimMirzaTrader
1
Bapcor - Ascending Triangle 20% UPSIDETechnically Bap looks to have 20% upside. Plus solid fundamentals to add to the story. Key Technicals - looking to buy on breakout of ascending triangle with above average volume. Or throw back of breakout. Key Fundamentals - Growth internationally (TYE SOON aquisition) + New & used car demand remains strong, we are moving around differently than pre covid. Note: Commbanks household spending intentions series suggests the wealth effect from rising dwellings should be bulllish for motor vehicles moving forward. With that in mind, i'm watching closely, particularly, the BAP investor day that was postponned from june to July. We may see a BAP upgrade at some point much like BKW who had/has a very similar chart and is benefiting from the same sort of economic tail winds. www.commbank.com.au
ASX:BAPLong
by rutt