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Asx200

IFL - Bullish Trend ConfirmationBullish Confirmation Indications 1. IFL has broken out of the long downward trendline with High Volume 2. Price Action have been impulsive which indicates that Bulls are in control. 3. The price action is consolidating against the trendline. 4. IFL is looking good on the weekly and monthly charts. I expect IFL to pull back to the Buy Zone between $3.52 - $3.25. I think it will be a good opportunity to buy with an 18% potential gain on the first trade and 24% potentially on the second. 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.
ASX:IFLShort
by AsimMirzaTrader
SHL - Bearish Trend ConfirmationSHL - Bearish Trend Confirmation Indications: 1. The trend has got weak on the Weekly and Monthly with Bearish Engulfing Candles 2. The price has broken the trendline which is confirmation of a bearish trend 3. The down move was a powerful and impulsive wave I expect price to retrace on the upside, and I expect price to get weak at or near (Resistance 1 ~ $34.85 level) or (Resistance 2 ~ $36.75 level), where sellers may attempt to dump the stock and form a Lower High. I expect price to get dumped from either of the Resistance Levels. I believe that buying now is Risky. The ideal level and extremely Strong Support Zone is between ~ $26.50 - ~ $27.30, but it is not necessary that price may drop all the way down to these levels. There may be little swings on the way down but will have to see where SHL finds strong support. I would be a confident buyer at that strong support level for a long term position. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SHLShort
by AsimMirzaTrader
TPG - Bullish Trend Confirmation TPG - Bullish Trend Confirmation Indications: 1. Price has broken the down trendline 2. It has formed a higher Swing High 2. Price has retraced back to support and has confirmed bullish price action I believe price has shown bullish price action at support and I expect price to go higher and hit the target level of $9.60. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:TPGLong
by AsimMirzaTrader
NST - Seems that the medium term trend has changed.Bearish trend confirmation indications: 1. Formed a double top and broke the trendline. 2. It has made a swing low of $12.18 and consolidating near the Support Zone. 3. The bullish trend has been running since a long time, but the monthly candle for November was a big red engulfing candle, and a bearish closing near the lows. 4. Seems that the Bulls have exhausted. There might be two scenarios in the near future. Scenario 1. Price might go up and backtest the broken trendline and Resistance, and then fall. Scenario 2. Price might consolidate and will break the Support of $ 12.18 and close below. In either case, I think that the Bulls have got weak at the current levels, and buying is Risky now. I am expecting price to fall below Support of $12.18 and would be looking to buy at Support 2 (at or close to $8.00 - $9.00) after confirmation of Bullish Price Action. The Support 2 area of $8.00 - $9.00 has been strong in the past as well, so it might be a good buying opportunity when it reaches the Support 2 Zone. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:NSTShort
by AsimMirzaTrader
1
A2M - Bearish Trend ContinuationBearish Trend Continuation Indications: 1. Bullish Trendline is broken 2. Has been consolidating below the trendline since ten trading sessions. 3. Unable to break above the trendline and close. 4. It did try to move up but was unable to sustain above once, and then fell below. Scenario 1. I would be comfortable to buy once it reaches the Buy Zone between $11.22 and $11.95 and shows Bullish Price Action. Scenario 2. I would buy when it closes above the swing high trendline for atleast two consecutive days to show that Bulls have regained control. P.S. My target would be $20.00 level (Previous Resistance), which would be 60% gain. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:A2MShort
by AsimMirzaTrader
4
CCA - Bullish Trend line Support IntactBullish Trend Continuation Indications: 1. Upward Bullish Trendline working as Support for price. 2. Have been consolidating above the trendline which is a positive sign 3. I would wait for price to close above the previous Green Candle's High on the Daily Timefrme to give me confidence that Buyers are in control and they want to take it higher. 4. If price closes below Wednesday's low (0.135), then this trading plan will not be executed. 5. If I take a position, my target will be 0.210 (Previous Resistance), which may give a 40% gain on the position. 6. I will be closely watching and see how it develops further to take a buying position and will update accordingly. Note: Please note these are my notes for my own future reference. By no means trading advice to anyone. Please do your own research before entering into any trade.
ASX:CCALong
by AsimMirzaTrader
FLT - Bullish Trend ConfirmationFLT had been hit hard in the pandemic, and now the price action proves that FLT has found a bottom and expected to head North. 1. It has also printed a higher high and a Golden Cross is in development. 2. Current price action suggests it is finding resistance between its recent high of $19.12 and $17.50 , and may give a retracement. 3. I would be a confident buyer at the 50-61.8% (Buy Zone), between $14.00 and $15.15, also there is a gap window in this zone, which is a confluence. 4. Price Action suggests that FLT has a lot of room to catch up and the next resistance is at $33.00. I will be monitoring the Price Action closely 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.
ASX:FLTLong
by AsimMirzaTrader
Wait for Ultimate buying opportunity at $20.50 rangeLooks like it is still in pressure, making lower lows and making lower highs, continuing it's down trend. Next support is around $25.08 range, if breaks then $21.50 is pretty storng support, presenting good buying opportunity. If this scenario realizes then followign should be Take Profits: 1. TP-1: $25.00 ~ (20% profit approximately) 2. TP-2: $29.90 ~ (19% profit approximately) 3. TP-3: $31.70 ~ (5% profit approximately) 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.
NShort
by AsimMirzaTrader
ASX/200 - Buy Update The Australian Stock Market Index continues to recover from the Covid-19 sell off in the early part of 2020. Growth in China is helping Australia's index recover as Asia is Australia's Main trading hub and demand for Australian exports is increasing as Asia recovers at a faster pace than Europe and North America from the Pandemic. We look at buying this Index now as the Index prior to the sell off in march has been rising for 11 straight years coming out of the financial crash of 2007-2008 We look at entry price and stop-loss using ATR One month volatility.
ASX:XJOLong
by KayansMarkets
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
SShort
by AsimMirzaTrader
1
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.
ASX:QANShort
by AsimMirzaTrader
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.
ASX:AIZShort
by AsimMirzaTrader
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.
OShort
by AsimMirzaTrader
1
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.
ASX:IAGLong
by AsimMirzaTrader
1
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.
ASX:IXR
by chartorscience