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Asx200

Australian Stock Exchange (ASX) - Cycle Wave 5 Almost CompleteThis market just needs to make one more all time high to complete 5 Waves up since 1900. Cycle Wave 1 1900 - 1913 Cycle Wave 2 1913 - 1920 Cycle Wave 3 1920 - 1967 Cycle Wave 4 1967 - 2009 Cycle Wave 5 2009 - 2020\2021 Alternation between Wave 2 and 4: Wave 2 shallow sideways and short in duration. Wave 4 expanded to the upside and long in duration. Wave 5 is an ending diagonal which means that waves 2 and 4 can overlap. Please LIKE and FOLLOW to get notification of updates and future posts.
ASX:XAO
by AriasWave
ASX:Z1P about to Plunge to the abyss🚨👿🚨The charts dont lie. ASX:Z1P is drawing one hell of chart pattern if it is confirmed, ASX:Z1P bulls may have hard time. This pattern is none other than H&S . From ZIP has been hovering above 6$ for a while but apparently things start taking another dimension. It is not only hanging on a thread but also looks like it is waving bye bye to the extension we saw above 6$ and to the bull trend if the 5.8$ barrier is broken. The chart shows it all and the H&S neckline is broken we may see price falling to the level seen earlier in May 2020. I am not excluding seeing the 3.7$ level where we have a strong base and support for this stock to prepare for further attacks towards the 10$ range. Also, remember of the gap between 3.7$ and 4.7$, although gaps dont necessarily have to fill, they most of the time fill, maybe this stock want to fill the gap. For now I am waiting for next few days to see if 5.54$ will be reached and to see if it will hold. If it does, I may open a small position that can be scaled if 6.3$ is taken. I will keep you posted for any small change on this stock. For now it will stay on my RADARs. Stay safe.
ASX:ZIP
by xtf_ze_trader
3
ASX:PPG - Proxy to Consumer staples ...> Debt reduction > starting div payment > probably start of new stage Pro-Pac Packaging Limited (PPG) involved in manufacturing and distribution of industrial, flexible and rigid packaging products. Pro-Pac Packaging Limited is a diversified manufacturing and distribution company, providing end to end solutions for general industrial and primary packaging. A one stop shop for primary, secondary and tertiary packaging with deep expertise in food, beverage, agriculture, retail and health sectors
ASX:PPGLong
by Peaceful-Weekend-Investing
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