Watching #TLS #ASXCurrently not in Telstra, but they do again have the edge on the 5G game in Australia. But right now in the short term anyway we are overbought.
Lets take a look.
The Price is currently above both the Bollinger band and Linear Regression, which to my eyes if I was holding I would be watching the RSI MFI & Stochastic RSI very closely. I am expecting them to turn down very soon and that would be a sell.
What TLS has going for it is that, because the price has closed above the Linear Regression while it is in a downward direction tells me that the long term direction has changed and we will see higher prices and if 3.64-3.80 can hold it would be great for the bulls.
So expect a drop to those above levels, but higher prices over the years.... if we don't have a whole market turn
Asx200
Inghams Group (ING) Potential for 13% gap upING getting squeezed tight into this corner, RSI holding above 50 showing change to bullish bias. Possible 13% profit if it breaks and gaps up.
Entry: $3.30 - Just above short term resistance/ breakout line
Target: $3.75 - 13.64%, this area is the top of the gap
Stop Loss: $3.07 - 6% stop loss as that would confirm that it was wrong and trend change
Relatively new to this so I welcome all feedback/criticism.
Big Decision Time for XJO ASX200 Next Week? $XJOThe TTM Squeeze indicator attempts to identify periods of consolidation in a market. ... The dots across the zero line of the TTM Squeeze indicator will turn RED, signifying this period market compression.
So breakout or a sell off next week for $XJO?
hmmm, we are close to a breakout or a double top...MACD and RSI are looking bullish at the moment.
Northern Star oversold #ASXGold Stock Northern Star has had a great run to $14.06, since than it has pulled back to where it is today $9.00
Weekly This is oversold and could be a great time to buy re-buy. The price is below the BBand and RegLin plus the oversold indicator is flashing above 30 making this a great buy IMO.
What to watch out for: A dead cat bounce which is around $10.00 if we can get past that its back to normal and will hit past $14 in the near future.
Looking for a short A bit overextended from yesterday close, looking for short between $8.37 and $8.04 range.
Looking for a short This stock gain 13.33% yesterday and now i think its a bit over extended at this point, looking for a short between the range of $4.83 and $4.64.
Looking for a short GMA is overextended from yesterday, got rejected at $4.09 and close ten cents below. I have gather data for the past 249 days and the mean of this stock -0.23% with a median of -0.38% stating there is more negative days then positive. Also with Kurtosis its 9 and the skew 0.02 as well, this data just gives me more information about my short basis. Looking to short between $4.03 and $3.87 and 1 standard deviation is 77%.
Looking for a shortWSP had a massive run up yesterday, gaining over 10%. I love seeing when a stock is overextended it just gives me more reason to short it, the mean of WSP is -0.19% so there more negative days than positive. Based on the data its a normal standard deviation of 68%, therefore im looking to trade between $2.19 and $1.78, lets see how it reacts between $2.060 and $1.92.
Where to for the ASX200 and who will take control?The ASX continues to be chopped around in random price action with a lot of entry setups failing to give much follow through. Bulls and bears continue to fight it out for control with neither side willing to give any ground just yet. The action continues to be dictated to by news headlines on trade and until we see any resolution, expect to see the action be contained.
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TLG confirms change of directionOne of the most anticipated companies on the ASX with technology to held EV's has just confirmed it's bottom @ $0.37.
The price has closed above both the bollinger band and Linear regression. More specifically the Linear regression is in a downward projection and for the candle to be out of it confirms that a change of direction on the larger scale of things.
In the short term expect the price to touch $0.49 which is where the 61.8% fib line is.
This information is based on my opinion of how I read the market.