VCX - Does it want to Move Higher?The Chart formation of VCX suggests to me that it may continue higher as it managed to bounce of decisively off the 200SMA and even managed to closed above the 50SMA and the Bearish Trendline with High Volume. I think it may go to retest the previous highs. MACD has also crossed indicating a continuation of the trend.
TP1 - $1.750 (potential gain 6%)
TP2 - $1.850 (potential gain12%)
Stoploss - $1.450
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Asx200
URW - Trade PlanMy trading Bias for URW is Bullish as it has clearly bounced off the Support Zone and the 200 SMA. I expect URW to continue higher towards the Resistance Zone between $5.30 - $5.80.
TP $5.30
Stoploss - $4.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
A tough week on the ASX, what does next week have in store?Pretty tough week on the ASX 200. Price down around 1.5% for the week. Could be seen as a minor correction. Price has broken 50EMA and now sitting at just below a 3 month trendline and at the bottom of the Bollinger band which has historically provided strong support so we could be looking at a slightly more stable week next week as prices recover however some US markets such as Nasdaq showing signs of stress and correction which would naturally see ASX follow. Our sentiment is neutral for the week ahead with the most likely expectation being a flat(ish) week ahead but only time will tell. Trade with extra diligence over the coming weeks especially on long positions.
For educational purposes only.
Do your own research
SCG - Trade PlanMy trading Bias for SCG is Bullish as it has clearly bounced off the lows (Support), with a decisive break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a breakout with energy, and expecting a potential 7-8% gain.
TP ~ $3.00 - $3.10
Stoploss - $2.55
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
WGX - Trade PlanMy trading Bias for WGX is Bullish as it has clearly and decisively broken and closed above the Bearish Trendline coupled with very High Volume. MACD is about to give a Bullish Cross Signal and RSI has come out of the Oversold region.
TP ~ $2.40 (Potential Gain 13%)
Stoploss - $1.75
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SYD - Trade PlanMy trading Bias for SYD is Bullish as it has clearly bounced off the lows (Support), with a break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region.
TP1 ~ $6.60 (Potential Gain 11%)
TP1 ~ $7.00 (Potential Gain 17%)
Stoploss - $5.40
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PYR - Trade PlanMy trading Bias is Bullish as it has clearly placed a Double Bottom off the lows (Support), with a break and close above the Bearish Trendline coupled with very High Volume. MACD has given a Bullish Cross and RSI has come out of the Oversold region.
TP ~ 1.035 (Potential Gain 16%)
Stoploss - 0.780
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
FLX - Trade PlanMy trading Bias is Bullish for FLX as it has clearly placed a Double Bottom off the lows (Support), with a break and close above the Bearish Trendline coupled with slightly higher Volume.
TP ~ $0.425 (Potential Gain 18%)
Stoploss - $0.335
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
My Idea on ASX:HUM in one single chartI have been monitoring this stock but at the moment I can say that it is was only humming but looking at the chart and on the well known structure (Cup-and-handle), I can say that this stock is about to scream instead of humming. i will keep an eye on it. The only issue it is not hype like other BNPL but it is catching up slowly. we may see a big move in next few days.
According to my other indicators, it is a buy on low time frame swing trading but, if the Cup-and-Handle plays out, it may be another multibagger on my watchlist.
I will keep you posted if anything interesting pops up. If you like these TA, please smash the likes.
Peace and Love.
XTF
APX - Trade PlanMy Trading Bias for APX is Bullish because price has broken the Bearish Trendline with High Volume.
TP1 ~ $28.00 (Potential Gain of 18%)
TP2 ~ $30.00 (Potential Gain of 28%)
Stoploss below $21.00
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
CCA - Trade PlanMy Trading Bias is Bullish as we have witnessed a clear break of the Bullish Wedge Pattern (Triangle) coupled with High Volume and MACD Cross.
TP - 0.160 (Potential 25% Gain)
Stoploss - 0.085
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MGR - Uptrend Confirmed. Next Buying opportunityBullish trend confirmation indications:
1. Downtrend line broken.
2. Impulsive price action at the break of the trendline with High Volume
3. After the impulsive break, price is pulling back.
4. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8 % and support of the trendline. The ideal Buying zone is between $2.20 - $2.40.
5. Good Buying Opportunity if it closes positive or prints a Bullish candlestick patterns in the Buy Zone area and on or near
the trendline with Bullish Price Action follow through. That will be a trade with confluence.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
SCP - Trade PlanWith Earning Report out of the way now, and after smashing surprise positive earnings, SCP managed to break out of the Bearish Trendline with High Volume indicating that the Bulls are now in control and want to take the price higher. It has gotten Support right at the edge of the trendline and at the 61.8 Fib Retracement Level, and also the 200 SMA.
I will be taking a Buy Position aiming for a potential 6-10% gain, targeting $2.55 - $2.60 zone and a tight Stop at $2.25.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.