$88E.AX we may see the gap at 1.2c filled soonish $88E$88E.AX we may see the gap at 1.2c filled soonish $88E
Asx200
about to make golden cross - next buying at 16.25I am bullish on FLT, chart looks positive as about to make golden cross.
There is good support at $16.25 range, so don't think so that it's going to come down further.
Take profit at $19.10 range.
If it doesn't get support at $16.25 range then next support is at $13.50 zone.
I am pretty hopeful that FLT will continue moving upwards.
SYD - Waiting for an ultimate Buying OpportunitySydney Airport - SYD had been hit really hard during the pandemic, and recently the price rocketed from the lows and have made a higher high, confirming that it has made a bottom. The recent price action suggests that it is having a hard time to continue to the upside because of the resistance which it has hit and formed a big rejection candle as a result, and no bullish follow through. It seems that it is going to roll over.
1. It has printed a higher high
2. It has made a Golden Cross
3. Current price action indicates it is finding resistance between $6.95 and $6.55 , and may give a retracement.
4. The price is unable to close above $6.95, (its previous Resistance level), and forming red candles and bearish closing,
which indicates Selling pressure.
5. I believe it's going to give a good buying opportunity at $6.00 - $6.30 range.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
QAN - Nothing goes up in a straight line - Buying Opportunity QAN - another stock to suffer during the pandemic, but recent price action has confirmed a reversal by rocketing upwards and forming a higher high.
1. Price has formed a higher high
2. It has formed a Golden Cross
3. Recent sessions' price action, (Bearish Candles) indicates a pullback
4. I will be confident to buy in the $4.97 - $4.49 region (Buy Zone) as it is the 50% Fib Retracement Zone.
5. There is a gap window between 4.95 - $4.68 region (another confluence of Support)
6. There is a trendline support in the same region which is the third confluence.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AIZ - Buying OpportunityAIZ had been dumped hard during the year due to COVID 19, but as it has shown great strength and have pumped up recently, and it is evident that it is struggling to go higher, but is facing resistance at 1.875 9previous resistance level).
1. Clear impulsive move up
2. It has formed a golden cross
3. Impulsive price action with high volume
4. I will be confident to buy in the $1.525 - $1.415 region (Buy Zone) as it is the 50% - 61.8% Fib Retracement Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
OSH - A great buying opportunityThe price action has strongly pumped to the upside and printed a higher high, meaning strong bullish action. It is currently facing resistance in the $4.05 - $3.85 region, (previous resistance) printing bearish candles. Therefore it is expected to retrace and give a pullback for another buying opportunity.
1. Impulsive move to the upside with a higher high
2. Golden Cross in development
3. I will wait for price to pull back to $3.20 - $3.00 region (Buy Zone)
4. The Buy Zone is also a High Volume zone
5. There is also a gap window in the Buy Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Uptrend Confirmed - Next Buying OppurtunityBullish 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 correcting and consolidating.
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 level zone is between $4.90 - $5.00. That will be a trade with confluence.
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.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
$TER.AX this may pop up as well, Watchy $TER #TER #ASX$TER.AX this may pop up as well, Watchy $TER #TER #ASX
IXR - where will it land?Quick look at ASX:IXR after a big end to last week.
What has happened?
After a huge run up between May 2019 and October 2019, ASX:IXR topped out at $0.015. During the ensuing months, ASX:IXR found support at the 0.5 fib resistance (Support 1) which held until COVID-19 when this level turned into resistance (Resistance 1).
IXR bottomed out at the 0.786 fib resistance level (Support 2), confirmed by the WVF market bottoms and MACD crossover.
ASX:IXR has since been in an uptrend and has broke through Resistance 1 and Resistance 2 ($0.013) - which has now turned support (Support 3).
The previous high of $0.015 was broken through in early October and up until Friday had formed a new level of resistance (Resistance 3).
Where to from here?
After Friday's +18% day, expect new support at either the previous Resistance 3 ($0.015) or Support 3 ($0.013).
MACD crossover indicates potential for some more green days, however both the MFI / RSI / Stoch are all heading toward overbought. Based on this it would be worth watching for retracement to one of the points above.
XERO completing double ABCD harmonic with huge red volume spikeXERO completing double ABCD harmonic with huge red volume spike. Everything is wrong about this stock even fundamentally guidance is poor and PE is ridiculous 1000 plus . piling on debt for whatever reason not known . zero interest rate speculative mark up coming to and end and distribution phase started this past week . JP morgan labeled a target of $88
APT rinse repeat pattern only more enlarged this time due to cov$APT rinse repeat pattern only more enlarged this time due to virus and cash stimulus goen berserk
$REA approaching key confluence of multiple lines and fib at 151$REA approaching key confluence of multiple lines and fib at 151 . wait to see it stalling in the zone b4 taking a short
Uptrend Confirmed - Next Buying OppurtunityBullish trend confirmation indications:
1. Downtrend line broken.
2. Impulsive price action at the break of the trendline.
3. After the impulsive break, price is correcting the move slowly and in a choppy fashion.
4. Price has retraced to the 78.6 Fibonacci Retracement level.
5. Good Buying Opportunity if it closes positive or prints a Bullish candlestick pattern in the Buy Zone.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
Strong Bullish Price Action - New Buying OpportunityBullish trend confirmation indications:
1. Descending Wedge Pattern Broken.
2. Impulsive price action at the break of the wedge.
3. Price Broke the Squeezed Wedge with High Volume.
4. Price has retraced to the broken resistance zone, which is now Support.
5. Price Action shows Bulls are in control.
5. Good Buying Opportunity and very good reward potential.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
$SCI.AX Needs to Break 2.3c then higher prices coming #SCI #ASX$SCI.AX Needs to Break 2.3c then higher prices coming
Silver
Down Trend Confirmation, Next Buying Opportunity $4.65 ZoneBearish trend confirmation indications:
1. Formed Head & Shoulders and breaking the neck line
2. From last 6 weeks consolidating below the neck line, which make a zone of 6.75 - 4.75 which is a "NO TRADE ZONE" for us, we let Bulls & Bears decide.
3. Closing below the high volume price range that is $6.06
4. Next major support is at 4.65 range, which can be a good buying opportunity.
5. After 4.65 next major support is at 3.76, which can be a significant support and Best Buy zone.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
$ROO.ASX when we are going to see some action again? #ROO$ROO.ASX when we are going to see some action again?
consolidating before popping up and move higher
Risk Management - TD 9 (2 Day Chart) ASX200 $XJO We could see a pullback this week,
RSI are showing overbought, MACD and DMI are showing buyers are slowing down and seller are starting to take profits.
Last week, We failed to break 6713 and had a shooting star candle.
Therefore, if I was shorting this index, that's my stop loss area.
ASX200 extending into key resistance..is the party ending?!The ASX200 has had a strong run up after breaking through 6200 earlier in the month off a higher low. Price is getting extended and we expect a further push from the bulls and reaction around the 6845 area. For further bullish action price will need to consolidate a pullback below the level before a thrust up and through to new highs. The previous move to 7200 before the Feb selloff was an extension of the highs so we may see some profit taking at this level again. Either way, a pullback should be deemed as healthy to reset for continuation...nothing keeps going up in a straight line and it may be getting to the end of the party in the near term.
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$DCG.ASX starting to push higher from here #DCG #ASX #AX$DCG.ASX starting to push higher from here #DCG #ASX #AX
ETFs - compare strategies in Australia of MVE, VSO, IHD frm 2017ETF comparative strategies in Australia with MVE (VanEck Vectors S&P/ASX MidCap ETF), VSO (Vanguard MSCI Australian Small Companies Index ETF), and IHD (iShares S&P/ASX Dividend Opportunities ETF) - since 2017.
