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Asx200

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.
ASX:SCGLong
by AsimMirzaTrader
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
ASX:HUMLong
by xtf_ze_trader
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.
ASX:MGRShort
by AsimMirzaTrader
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.
ASX:SCPLong
by AsimMirzaTrader
A2M - Trade PlanA2M is at a very important juncture, currently at $10.20, and the market now is waiting for the announcement of its earnings report on the 25th of February. A2M has been consolidating between the range of $10.00 and $11.00 range, (50% Fib Retracement Zone) since the plunge in price. This (50% Fib Retracement Zone) is from the initial lows in May 2015, to its all time Highs of $20.00 in July 2020. This is also a High Profile Volume Zone where price is hovering currently. The market is anticipating the release of its earnings report with an estimate of $0.17 EPS, and I think that if it releases its EPS below estimate, or any negative surprise, then we may see some more pressure to the downside towards the $8.00 - $9.00 Zone (Extremely Critical Support Zone). If we see it announce higher then estimate or any good surprise, then we need to see the break of the Bearish Trendline coupled with High Volume. Price has been hugging the Bearish Trendline and has not been able to break and close above it as of yet. I want to see a decisive break of the Bearish Trendline with High Volume and a close above it, to take a Buy Position with a tight Stoploss below the 18th December, 2020 low. My Stoploss will be at $9.70, aiming for an initial target towards $12.00 - $13.00 zone, which is also a Gap Window Zone. 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
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IAG - Is there a Buying OpportunityIAG made its lows of $4.30 in the end of September, then it pumped up and made a High of $5.50 in the mid of November, breaking the bearish trendline, with very High Volume. This indicates that the trend may have changed, and since then it had been pulling back and formed Bullish Candles at the 78.6% Fib Retracement Level of $4.55. I think it has already made some base between $4.50 and $5.00, and aiming for a potential run towards the main Resistance Zone (Target) at $6.20 - $6.50, a potential gain of 18%. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:IAGLong
by AsimMirzaTrader