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Asx200

Bullish Flag Pattern for ABP.ASX Targeting $3.50Hello Fellow Trader! Price pierced through resistance ($2.87) with volume and cleared the range where it’s now coiling above under the 200 EMA. ABP.ASX has not touched the 200 EMA since the pre Covid drop. ABP.ASX – Abacus Property Group is a diversified property group specialising in Australia’s core commercial sector including office, retail, and industrial properties, self-storage facilities and property development ventures. Key Points: - Price hugging the 200 EMA - Price holding above the 50 EMA - Drop in volume within the flag - Increased volume spike during the impulse drive - Pierced through multi – month range - Targets using Fibonacci multiples of prior impulse Key Levels: Support - $2.87, $2.79, 50 EMA Resistance – $3.00, $3.25, $3.50 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.93 Supporting Entry – $3.01 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below $2.79 or below 50 EMA– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.93 – Target 1 $3.25 = 2.3x Reward to Risk Optimal Entry $2.93 – Target 2 $3.49 = 4x Reward to Risk Supporting Entry $3.01 – Target 1 $3.25 = 1.3x Reward to Risk Supporting Entry $3.01 – Target 2 $3.50 = 2.5x Reward to Risk
ALong
by tradetheday
ASX200 Short term Setup.ASX200 - Short term - We look to Sell at 6115 (stop at 6141) MACD is on a edge of a sell signal. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. 6120 continues to hold back the bears. Bespoke resistance is located at 6120. A higher correction is expected. We expect prices to stall close to our bespoke level (6120). Our profit targets will be 6032 and 6004 Resistance: 6100 / 6120 / 6140 Support: 6070 / 6030 / 5990
OANDA:AU200AUDShort
by Signal_Centre1
WSA.ASX Closes Above Trendline Target $2.50Hello Fellow Trader! Nickel index quite strong last week increasing by 6% and potentially heading to test August highs. WSA has been supported at the 61.8% Fibonacci retracement closed above a multi-month trend line with volume. Western Areas Limited is an Australian based nickel sulphide explorer and producer with its core 100% ownership asset in Forrestania Nickel Operation. Key Points: - Caution - Price holding below the 200 EMA - Caution - Price holding below the 50 EMA - Would like to see price hold above the trend line and protect $2.20 - Fibonacci 61.8% retracement support (March low – July high range) - RSI breaking trend, 50 mid-point, and range simultaneously for momentum - Price must hold $2.20 and signal with bullish candle or if 21 EMA crosses 50 EMA. Key Levels: Support - $2.10, $2.20 Resistance – 50 EMA, 200 EMA, $2.50, $2.80 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.21 Supporting Entry – $2.25 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below $2.02 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.21 – Target 1 $2.50 = 1.5x Reward to Risk Optimal Entry $2.21 – Target 2 $2.80 = 3x Reward to Risk Supporting Entry $2.25 – Target 1 $2.50 = 1.3x Reward to Risk Supporting Entry $2.25 – Target 2 $2.80 = 2.5x Reward to Risk
WLong
by tradetheday
$MRM.axs looking good #MRM #ASX$MRM.axs looking good MMA Offshore Limited MMA Offshore Limited (MRM, formerly Mermaid Marine Australia Limited) is an Australian marine service providers in the Asia Pacific region with operations in Australia, South East Asia, the Middle East and Africa. MMA specialize in providing marine solutions and expertise to the offshore oil and gas industry. Its modern high-quality fleet of offshore vessels supports a range of offshore and subsea activities across exploration, production, construction and maintenance. Market cap 52.22M Shares outstanding 925.73M Fair Value 0.120
MLong
by Abbas39
ECX bullish breakout ?🧨🚨🚨EASX:ECX aka Eclipse Group has been held in the swing range from 1.2 to 1.5$. But as I prognosed last time, the structure was an ascending triangle which is inherently bullish and it has broken to the upside leading to the 1.7$ at the time of this post. My last post () had all the tech analysis about then price actions. Today I will share my observation on where this stock stands. - This stock broke the major resistance at 1.51$ came back to retest it and immediately broke up higher to the bullish territory ripping up 1.58$ like crazy. - Momentum is positive which is bullish - price above LSMA and QLSMA pointing upside that is bullish - price above 50 and 200MA - One resistance at 1.76 has to be taken out to give confirmation of the real breakout. It has been attempted 2 times but the price was rejected. - No clear bearish sign at the moment so i will steer clear from any short position For the late comers, please wait for 1.76 milestone to be achieved and probably for 1 or 2 days of price closing above that level. I will keep you updated of any change that happens,. Stay safe and have loads of profit. Dont forget to smack the likes. XTF
ELong
by xtf_ze_trader
1
WEB.ASX Webjet breaking out of $4.00Hello Fellow Trader! WEB.ASX sitting inside the channel awaiting any type of Covid related vaccine news for possible expansion. Key levels broken at $4.00 with volume support now testing resistance at $4.20. A breakout could suggest $5.00 target at a minimum within the trend channel. WEB.ASX bottomed out in April but failed to break the low soon after. With Australia’s aviation industry dormant and earning season completing, price was not able to break the lower suggesting we could have witnessed the bottom. Key Points: - Price holding below the 200 EMA - Price holding above the 50 EMA - Fibonacci 61.8% broken and heading towards 78.6% (June high – August low range) - Volume increasing supporting price appreciation Key Levels: Support - $4.00 Resistance – $4.20, $5.00 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $4.00 Supporting Entry – $4.21 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 3.74 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $4.00 – Target 1 $5.00 = 4x Reward to Risk Supporting Entry $4.21 – Target 1 $5.00 = 1.5x Reward to Risk
ASX:WEBLong
by tradetheday
ORE.ASX weakness may continue through $2.20Hello Fellow Trader! ORE.ASX - Lithium producers have been some of Australia’s favourite stocks for several years supporting the worlds change turning to renewable energy in the battery space lead by Elon Musk and Tesla. Last weeks Tesla Battery Day was hyped up to be an extremely positive presentation that would skyrocket lithium back into the Australian headlines. Sadly, Elon mentioned how Lithium is not scarce and they have also found ways to extract the commodity from the ground using salts in a more environmentally and efficient way than any other producer. This signaled panic and hinted a disconnect from the Australian lithium market which include ORE. Overnight, Albemarle Corp and FMC Corp (two of the largest lithium producers on the New York Stock Exchange) fell between 2.5 and 2.8 percent. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Consolidation below prior range low - 50 EMA and 200 EMA may cross supporting further downside. Key Levels: Support – $2.20, $1.83 Resistance – $2.65, 200 EMA, 50 EMA Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.54 Supporting Entry – $2.49 Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above $2.69 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.54 – Target 1 $2.20 = 3x Reward to Risk Supporting Entry $2.49 – Target 1 $2.20 = 1.5x Reward to Risk
OShort
by tradetheday
Bullish Momentum for Z1P Targeting $7.50Hello Fellow Trader! Z1P has been well supported at $6.30 for the past week, even during that short term sell off after Presidential debate, buyers came back through holding price within this range. Many signals on the daily and 1 hour are now suggesting further support to the upside, and a recovering Nasdaq’s 8% rise since the 24th of September suggests the tech/payment sector could well be back in force. Key Points: - Daily – Price above 50 EMA - Daily – Price Above 200 EMA - Daily – Range break out with increased volume - Daily – Gap void between $7.50 - $8.00 - Daily - $8.00 Clusters with 50% Fibonacci Retracement - 1 – Hour – Above 50 and 200 EMA - 1 – Hour – Breaks $6.50 range - 1 – Hour – Increased volume during long bull bar Key Levels: Support – 200 EMA, 50 EMA, $6.50 Resistance – $7.00, $7.50, $8.00 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $6.50 Supporting Entry – $6.70 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below $6.20 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $6.50 – Target 1 $7.50 = 3x Reward to Risk Optimal Entry $6.50 – Target 2 $8.00 = 4.7x Reward to Risk Supporting Entry $6.70 – Target 1 $7.50 = 1.5x Reward to Risk Supporting Entry $6.70 – Target 2 $8.00 = 2.5x Reward to Risk
ASX:ZIPLong
by tradetheday
1
ASX200 weakness is squeezing on bulls but will we see a selloffThe ASX200 has rolled over since the last alert and holding lower highs. Price is at an important crossroads now as it holds above 5970 and below 6010. A break up through 6010 will get the bulls excited and lead to a push up to 6200. A hold below 5925 and move down through 5970 will trigger further selling and pressure lower as buyers are forced to close out. We favour the sell side so will be watching for an entry of further weakness but either way, the next few days will be important. ------------------------------------------------------------- WE TRADE WHAT WE TEACH Check out our recent Live Streams from our profile page!! ------------------------------------------------------------- ** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. ** ** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated ** ** With quality alerts and correct Risk Management, you can learn consistency and grow your account ** ** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
ASX:XJOShort
by TradeTheStructure
2
$VTI.ASX its ready to push higher from here #VTI$VTI.ASX its ready to push higher from here Visioneering Technologies Inc (VTI) is a medical device company. Its head office is based in the US state of Georgia. The Company has a portfolio of technologies to address eye care issues such as presbyopia, myopia and astigmatism, the company uses creative and differentiated design approaches to develop products that will ultimately enhance practitioner and patient experiences. The company has grown operations across the United States, Australia and Europe and is expanding into Asia with a focus on markets with high rates of myopia. First target 5c
VLong
by Abbas39
MSB – MESOBLAST LIMITED Targeting $5.35Hello Fellow Traders! The XJO (ASX200) has sold off from the peak made on August 25th following the SPX(US500) and Nasdaq during uncertain global times and Covid numbers starting to increase again in Europe. While the XJO continued to fall in the past 5 trading days, MSB has experienced supreme buying pressure continuing to retest $5.00. MSB is a Bio – Pharmaceutical company that offers products in the area of cardiovascular, spine orthopedic disorders, oncology, hematology, and immune-mediated and inflammatory diseases. Key Points: - Price holding above the 200 EMA - Price holding above the 50 EMA - Bullish wedge pattern below range break out - Fibonacci 61.8% level providing support at $5.00 - Volume increasing showcasing buyers’ momentum - RSI also breaking trendline - Superior risk to reward - SPX and NAS100 both in the green overnight Key Levels: Support - 5.00, 50 EMA, 200 EMA Resistance – 5.25, 5.35 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 5.05 Supporting Entry – 5.10 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 5.00 and violates 50 EMA– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $5.05 – Target 1 $5.25 = 3.3x Reward to Risk Optimal Entry $5.05 – Target 2 $5.35 = 5x Reward to Risk Supporting Entry 5.10 – Target 1 $5.25 = 1.6x Reward to Risk Supporting Entry 5.10 – Target 2 $5.35 = 2.6x Reward to Risk
ASX:MSBLong
by tradetheday
ALL ORDINARIES – An Expected MoveBeen speaking about this Index Heavily, this movement is to be expected & I’ll explain why. - This Demand Zone that we are moving through today was a 4H Demand Zone, it was Low Quality, meaning there is levels underneath it that are formed on Market Pivots, which yield Higher Quality Demand Zones - There are a number of Levels in the way of the Main Demand Zone at 5700 - Most notably the 23.6% Fibonacci Level, this area lines up nicely with liquidity to the left where we have multiple respected daily candles & wicks - This would be the most logical High Timeframe level to look towards, which the 23.6% Fibonacci Level acting as nice support for XAO. - We’ve got a decent amount of room on the indicators, Steamroller, CCI & RSI to facilitate a move in that direction also. - Our in-house developed Unicon Indicator was telling us there was an increasing bearish bias forming at the 6250 level (Orange Arrow) and that is being maintained with this break of the Demand Level. Looking towards that 23.6% Fibonacci Level in the immediate term. GET INVOLVED ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓
ASX:XAOShort
by Unity-Trading-Group
1
ASX200 Sighting June Lows – 5800Hello Fellow Trader! The US500 and Nasdaq continued their falls and finishing in the red on Friday. The ASX200 also had two consecutive lower low days breaking slicing below 6000 to finish the week also in the red. We could see slight recovery back into the 6000 which is key for the advance, or rejection indicating falls the ASX200 has not seen since June. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Fibonacci 50% support cluster with target 1 (April Low – June High) - Price holding above the 50 EMA - RSI could break trend and range simultaneously for momentum Key Levels: Support – 5800, 5700, 5610 Resistance – 200 EMA, 50 EMA, 6000 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 5925 Supporting Entry – 5890 Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above level 6000 and violates 200 EMA– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 5925 – Target 1 5700 = 3x Reward to Risk Optimal Entry 5925 – Target 2 5610 = 4x Reward to Risk Supporting Entry 5890– Target 1 5700 = 1.5x Reward to Risk Supporting Entry 5890 – Target 2 5610 = 2.2x Reward to Risk
ASX:XJOShort
by tradetheday
2