EVN - Bullish Trade PlanIt seems that EVN has found good support on the long term trendline and whenever it dropped, the trendline worked extremely well. This time too EVN has bounced off convincingly. This makes me bullish ECN and any little pullback could be a very good Buying Opportunity. I have marked a Buy Zone between $4.20 - $4.30. My trade plan is if price retraces lower, I would take a buy position in that Buy Zone after bullish price action, with a stop below the last swing low at $3.70 and targeting the old highs!
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
Asx200
NHC - Expecting a PullbackNHC moved higher as expected (link of our previous Trade Plan Idea attached) and now it has found resistance currently and is expected to pull back lower. This pullback is expected to reach the Bullish Trendline Support Zone of $1.260 and bounce higher. This could be a zone where we expect NHC to find buyers and take price higher.
We will be monitoring the Price Action closely once it finds support and will update accordingly.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NHC - Bullish Trade PlanAfter making a Higher High and then pulling back to Fibonacci Retracement of 78.6%, NHC has bounced off strongly giving a strong break of the bearish trendline with High Volume. it bounced off exactly from the High Profile Volume Zone (confluence), indicating that it is most likely to head higher towards its previous highs!!
TP1 - $1.380 (potential gain 5%)
TP2 - $1.430 (potential gain 9%)
Stoploss - $1.150
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CTD - Expecting a Deeper PullbackCTD has been rallying since the huge drop it experienced during the pandemic and it seems that it needs a breather before the upswing continues. CTD has been in an uptrend forming higher highs and higher lows but now we are expecting the current pullback to be deeper because of the Bearish Divergence on MACD and the Bullish Momentum getting weak. We are expecting price to come down to its Support Level (also the Trendline Support Level) between $14.55 - $15.25 zone. This could be a zone where we expect CTD to find buyers and take price higher.
We will be monitoring the Price Action closely once it find support and will update accordingly.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
GXY - Buying OpportunityGXY seems to have taken off north, after breaking out of the triangle with very High Volume, so any retracement lower shall be a fantastic buying opportunity as it has been in a clear uptrend forming higher highs and higher lows. All we need is a little retracement towards the Support level and trendline Support level of $2.45 where it may come to backtest and shall wait for some bullish price action confirmation before we get into the trade. This will surely be an amazing buying opportunity for a strong move 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.
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.
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 $WOO
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$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 $TD1
lets see if it was a fail break out or got more room to move.
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$CI1.AX Credit Intelligence, trying to establish the bottom $CI1
$CI1.AX Credit Intelligence, trying to establish the bottom $CI1
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Fair Value 3.3c - 3.8c
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.
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
The ASX200 may be on the ropes if it can not push through resThe ASX200 is up at resistance that bulls will be desperate to break through and fend off further selling pressure. The key level for us is 6805 and then up to 6860. If the 685 level holds today then we may see a squeeze of recent buyers and push lower. The question for many now is whether the recent break of the longer term uptrend from March will lead to a deeper correction lower or not.
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CSL - A Potential buy Plan?CSL could be bottoming, as it appears so on the Weekly chart after it bounced off support with High Volume. Could it be a double bottom? Maybe, only time will tell. At this point, it seems that it may have bottomed medium term and may move higher. My trade plan is as follows:
TP1 - $270.00 (potential gain 6%)
TP2 - $288.00 (potential gain 13%)
Stoploss - $237.00
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
IAG - Is there a Buying OpportunityIAG seems that it has found solid support after being flushed heavily. With Bullish Price Action at Support, a break of the Bearish Trendline with very High Volume and MACD cross with Bullish Divergence makes me confident that we can cautiously buy. My Trading Plan is given below:
TP1 - $5.50 (potential gain 13%)
TP2 - $5.90 (potential gain 21%)
Stoploss - $4.20
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Seems that it has found supportAfter falling hard, it seems that NST has found solid support. With the Bearish Trendline getting broken after a solid bounce, coupled with very High Volume and MACD Cross, I expect a follow through in price to the upside. I am bullish NST and expect it to move higher. My trading plan is as follows:
TP1 - $10.80 (Potential gain 10%)
TP2 - $11.80 (Potential gain 20%)
Stoploss - $8.60
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
GOR - Bullish Trade PlanGOR on the weekly chart has certainly found good support on the Trendline and 200 Weeks SMA, with High Volume and Weekly MACD Cross. This makes me bullish GOZ and I expect price to move higher and reach the next Resistance level. My Trade Plan is given below:
TP - $1.400
Stoploss - $1.00
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.