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Asx200

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
Go Long Newcrest Mining. $NCMWe broke out of the downtrend today, I do think the price will fall in the next few days (profit taking) and then continue to go higher. Why? Because Newcrest is forming a very nice inverse head and shoulder pattern. Technical indicators such as moving averages, MACD, RSI, and DMI are looking good and on the bull's side. Furthermore, Silver and Gold prices are likely to continue going higher in the short-medium term because of central banks' actions. I am holding this stock and will look to buy more for the short-medium term.
NLong
by johninvest17
4
$MEU $MEU.ASX couple more of sideway days$MEU $MEU.ASX Business Summary (as at 30 Jan 2020) Marmota Limited (MEU, formerly Marmota Energy Limited) is a South Australianmining exploration company, focused on gold, copper and uranium. Gold explorationis centred on the Company's dominant tenement holding in underexplored GawlerCraton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. TheCompany's cornerstone copper project is based at the Melton project on the YorkePeninsula.The Company's uranium project is based at Junction Dam adjacent to theHoneymoon mine Latest Operational History 26June2020 - Marmota reported positive high-grade intersectionsfrom the first 2020 drilling at Company's 100%-owned gold discovery atAurora Tank, including intersections over 1m of 74 g/t gold. Tests ofhigh-grade gold at Aurora Tank found that gold grains collected at 38mto 39m downhole (105 g/t gold) on the NW flank are predominantlyprimary mineralization. The Company announced that RC Drilling isdue to commence in 3 weeks (around mid-July 2020). Substantial Shareholders Colin Rose (10.9%) Southern Cross Capital Pty Ltd (8.7%) Mr John C Huizenga (6.7%) Directors Dr Kevin John Anson Wills (Executive Director- Exploration) Mr Shane Barker (Director - Production) Dr Colin Rose (Executive Chairman,Executive Director
ASX:MEULong
by Abbas39