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Asx200

sit tight & get ready to ride upi think currently market is trying to consolidate and soon it will resume up trend and bulls will take control of market, because: 1. price is continuously above 200 days moving average. 2. during last three weeks for 5 days price gone above 50 days moving average. 3. most of the volume is in the range of $70.80 - $72.20 range which is above 200 days moving average and pretty close to 50 days moving average. 4. based on last one year volume price comparison next targets should be: 4.1. $77.00 - $78.50 range 4.2. $78.50 - 80.00 range I think we are not to far from upwars breakout. if you like my ideas please give me thumbs up or leave comments. i think not may people are sharing their idea on this asset. i would really appreicate and incouraging if you consider donating some Tradingview coins. P.S: These are my own notes for future refernce, by no means trading advise to anyone. please do your own research before entring into any trade.
ASX:CBALong
by AsimMirza786
1
Prive Volume Analysis - $77 - $78.50 range is possibleif we have price /volume comparison, it's pretty obvious that market likes the price between following ranges based on volume: 1. 67-69 range 2. 70 - 71 range (current range) 3. 70 - 72 range based on last one year data,I think 77 to 78.50 range is actually where more trades took place than 70 - 72 range. given this scenario, I think if we get some decent volume and some good news price will easily touch 77 - 78.50 range. I am still pretty bullish on this asset, as it's holding it's position very well. p.s: please note these are my own notes and by no means trading advise to anyone. please do your own research before entering into any trade.
ASX:CBALong
by AsimMirza786
1
The trend is your friend, Go long until this breaks. It did $XJOWe closed below the trend line last week, can we get above it this week??? If we fail to do so, more selling will come and this could go for several days or weeks. The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893) it will trigger a sell signal with the TD sequential indicator. Furthermore, the MACD indicator is about to fire a sell signal... Therefore, be careful trading this week. Maybe, it is a good time to take some profits ...
ASX:XJO
by johninvest17
$MTH $MTH.ASX getting close to Break out$MTH $MTH.ASX getting close to Break out. it may consolidate but that is not always the case as gold is buliding some momentum. Mithril Resouces Limited (MTH) is an Australian resources company carrying out exploration of mineral tenements throughout Western Australia for economic zinc, nickel, copper, and vanadium deposits, seeking extensions of areas held and to seek out new areas with mineral potential. Target 1: around 0.032c - 0.036c however has more room to push up MC: 41.6158 Mil
MLong
by Abbas39
Elliott Wave in a chopping situationI think I can see Elliott Wave pattern but not sure how it's going to happen in current market situation. I think the trend is still upwards (which is great) but for next few days price will swing between support & resistance 72.300 and 74.50. since today's run was reasonably good after 5 days of price correction. I would be keeping an eye on tomorrow's market situation especially how it opens and closes. I think we should expect next bull run soon.
ASX:CBALong
by AsimMirza786
1
WES | Price Discovery | Key Level | 21 EMA Visual Guide Today's analysis – WES – Consolidating below ATH resistance as the 21EMA coils price into its APEX. Points to consider: - Strong trend - Key level (apex) - Price discovery (blue-sky breakout) - 21 EMA visual guide - Oscillators above 50 WES trading in a clean and strong uptrend finding resistance upon retest of its all-time high. Price is trading at a key level as support (21 EMA) and resistance converge, a break in either direction is imminent. A rejection at the resistance level, price is likely to retrace to daily support. Price breaking bullish will induce new all-time highs for WES as it enters price discovery mode. Further price development will allow the 21 EMA to act as a visual guide assisting to determine the immediate direction of the market. Price trading above the EMA perceived bullish and below considered bearish. RSI and stochastics trading above 50 validates strength and momentum in the immediate market; oscillators need to range above 50 to maintain the bullish bias. Overall, in my opinion, a successful S/R flip retest of the current resistance level validates a long trade, utilising the 21 EMA to assist in trade management and defining risk. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
ASX:WESLong
by Kudiiee
good support at 72.300As I noted in my previous idea, that it's going to get support at 72.300, which it is getting at the moment. As it can seen in hourly chart. At this point it is still in upwards channel but it it falls below support level it can possibly fall below the up trend channel and come down below 72.00. with current market sentiment it's bit difficult to decide to make a trade. I think I will wait see see how it looks like at market closing. Please note these are my own notes for my reference and by no means trading advise to anyone. please do your own research before entering into any trade.
ASX:CBA
by AsimMirza786
3
$NVA $NVA.ASX Consolidation is getting tight - Gold$NVA $NVA.ASX Consolidation is getting tight - gold stock Business Summary On June 2020 Nova Minerals Limited (NVA, formerly Quantum Resources Limited) is an Australiancompany with interests in a portfolio of mineral projects at exploration stage withfocus on North America (Manitoba, Canada and Alaska, USA) and one joint ventureproject located in Australia that are prospective for lithium, gold, nickel, cobalt andother precious metals, base metals and REE's Substantial Shareholders No Substantial Shareholders Valuation Rating Undervalued Fair Value Estimate 0.094 Fair Value Percentage Diff 47.03% Directors Mr Louie Simens (Executive Director) Mr Avrohom (Avi) Geller (Non-Executive Director) Mr Christopher (Chris) Gerteisen (Chief Executive Officer,ExecutiveDirector) Mr David Hersham (Non-Executive Chairman,Non-Executive Director) Management Mr Adrien Michele Wing (Company Secretary) Mr Ian C Pamensky (Company Secretary) Mr Romy Hersham (Co-Company Secretary)
ASX:NVALong
by Abbas39
1