Go Long on Mining Stocks $BHPBHP breaking out to the upside soon?
The chart pattern is showing an uptrend bull flag.
Asx200
ZEL - Trade PlanZEL dropped hard but bounced off strongly off its Strong Support Zone and it could be a false break. The current price action looks bullish and I am targeting the recent highs of $2.68 (potential gain 7%) with a tight stop at $2.38.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SIQ - Trade PlanSIQ may have changed its bearish trend after the break of the downtrend line so any pullback lower may provide a buying opportunity. It could backtest lower towards my Buy Zone between $6.80 - $7.00, where I may take a long position once bullish price action is confirmed.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SXL - Trade PlanSXL has managed to close back inside the Parallel Channel with the lower end of the channel as strong support. The recent bounce off and High Volume suggests it may move higher. I am targeting the POC of the Volume Profile at $2.35 as my TP (potential 10% gain) with a tight stop below the recent swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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.
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.
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.
Still bearish on ASXXJO looking to tumble soon. Lagging diagonal in white is complete, married with decreasing momentum on RSI, tells me we are due for one. It is unclear for how long roughly though. Lagging diagonals usually herald an intense drop and a complex correction. We shall see, as we live in unprecedented times financially. Goals in purple.
None of the above is financial advice, please do your own research - your trades are your trades.
Stocks to watch for March (Buy) SCG ScentreThe chart pattern is showing a "cup n handle", go long if we can breakout of this resistance $10.
More on cup n handle pattern.
www.investopedia.com
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.
CIM - Buying opportunityCIM has pulled back nicely from resistance as expected, furthermore is expected to provide another great buying opportunity. This pullback could turn around soon, ideally form my Buying Zone between $19.30 - $19.60 for an upside target of TP1 at $21.40 and TP2 at 23.70. My stoploss shall be the low below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
TPG - Bullish Trade PlanTPG broke out of the Bearish trendline with very High Volume. This makes me bullish TPG with an upside target of broken Support level of $6.60. Any retracement lower could be a very good buying opportunity to get long.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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.
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.
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.
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.
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
MEZ - Looks Bullish?MEZ has been consolidating for quite sometime now and has unable to break support. The price action suggests that it could hit the Resistance level of $5.50 (a potential 8% move) on the upside. My Stoploss will be $4.50, below the previous swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PBH - Could go higher?PBH has clearly broken its short term downtrend line with High Volume which adds confidence to my analyses that it could move higher in the upcoming sessions. My targets are mentioned below:
TP1 - $14.70 (potential 7% gain)
TP2 - $15.25 (potential 12% gain)
Stoploss - $11.80
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
Z1P - Trade PlanZ1P has been consolidating for a while at the lows and now the price action suggests that it may be preparing itself to move higher, as we can see that the Bearish Trendline has broken with High Volume. I am bullish Z1P with my trade plan mentioned below:
TP - Next Resistance Level of $8.40 (potential 17% profit)
Stoploss - Below the recent Swing Low at $6.20
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:HUM back on my radars with potential good mood humm🎁🙌🎁ASX:HUM has been in a bear market for last few months after hitting the 1.36$ apogee, it plummeted to the abyss losing almost 30% of the recent high value. But there are signs hidden into the charts that shows it may be ready for another explosive move to the upside. Lets dive right to the technical analysis.
This stock has managed to extricate itself from the range 0.950 to 1.025$ which in my opinion was rather bearish than bullish and since then it has shown sign of strength, where it is attempting to break the 1.1$ levels. Escaping that range was followed by high volume as you can see on the chart.
The stock is above both 50MA and 200MA and its PSAR is on the bullish side. Also looking at the chart pattern from early April 2021, it looks like a cup without a handle, and I am looking for price to break above the 1.1$ to scale my position.
On the target side, first target is 1.16$ which corresponds to the golden fib level of the retracement from recent highs to recent lows. After that I will have my eyes to the 1.2$
I will keep you posted of any change on this stock and if any weakness is found I will let you know.
In meantime, as a service request from you, please share these TA charts with your friends and tell them to follow me. I am working on many more charts to share with you not only in stocks but also in crypto. Stay in touch.
XTF.
BKW - Bullish Flag + Ascending TriangleBKW looks a high probabilty trade here with limited down side.
Technicals - Looking for trend continuation from throw back of the ascending triangle breakout + nice confluence with bull flag.
Fundamentals - High demand this part of the cycle for building products + management whom have an outstanding track record of raising dividends will likely navigate the inflation coming through advantageously for BKW shareholders.
