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.
Asx200
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 $2.63 and $2.47.
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 short PRU is way overextended from yesterday and from last night Wall Street it looks like the ASX is going to be risk on, hence why i'm looking for a short in the gold sector. Looking between 0.87 and 0.815.
Long Carsale RSI and MACD looking good.
The stock price is above all moving averages.
Breakout the triangle.
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.
Z1P late 2019 analysisRecent reports from UBS may have contributed to the 20% crash in mid October allowing for a perfect buying opportunity. This position should probably be held for less than 3 months as the RBA is set to reform laws around the BNPL market.
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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#XJO - S&P/ASX 200 index $XJO heading to $6500?I will be watching the 50-day moving average support very closely.
For me, I think it will be broken and we are likely to see a small pullback in the ASX200 this week.
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.
looking for a short DTL had 4 day bullish run up without no pullbacks, this morning the ASX could have a disappointing day so thats risk off. Looking for a short between $3.58 and $3.40.
Happy trading!
looking for a short FNP looks way overextended on daily, it gain just over 10% yesterday without any news. Look for a potential short, my trading range will be between $5.96 and $5.65.
Happy Trading
Looking for a short PBH has been on a bullish run for the past couple of days now, and it might be due for pullback anytime soon. Looking to trade between $4.65 and $4.29.
Great short setup on PNV I was looking at this stock before the market open and had a plan to short it, got in at $2.59 with a stop at $2.62 and got out at $2.52.
Looking for a short Had a massive gain of 11.89%, but its way overextended now. If gaps up ill be looking for a short between $2.59 and $2.47.
Australian SP200 looking for a drop. ie: short AustraliaPitchforks are handy for predicting future trend directions. The longer term has been directed by that big upward facing pitchfork over the last few years, but I have a feeling once this upper resistance level is hitexpect to see some serious headwinds. Aussie bond yields are dropping like rocks at the moment and the currency is failing against all peers. Plus every Hedgefund manager and his dog are lining up to short the Aussie housing market which is at levels that no other part of the world is experienceing. In terms of commodities, of which Australia’s economy is made up of the exports thereof, all are dropping except for the one that is most crucial; iron ore. However, I cant see how the price of this can remain high for too much longer. If a drop happens there expect a rough landing for Australia; if im not mistaken about 40% of Australia’s economy is based on iron ore exports to china, and a further 30% of the economy after that is the housing market.
So looking back at the technicals, if this peak is not to turn into support, I’m tipping a drop and then a fall in line with that smaller pitchfork. Trade accordingly.
Short ORAGreat short the daily resistance play on ORA, just need to be more patient while i'm trading!
Short Z1P Did well with my short play on Z1P, gap up nicely then fail to pass $5.37. Got in at $5.34 with a stop at $5.39 with 1,500 shares. Reduce my position at 1 R by 30% then got out the rest at $5.26, quick scalp play to the downside.
I like to calculate the stocks Standard Deviation of 1 year data, hence why $5.37 is a key level.
Buy DCNOn the Daily it has formed a nice higher high pattern and it looks good for a break out trade, looking for buys above $1.56
Short Z1PZ1P is well over extended from its previous close, touch new time high of $5.19. If it gaps up past 5.37 or gaps down 4.96, these are my shorting ranges, if its moves higher then it gives me more reason to short it. looking for a quick scalp :)
S&P/ASX200 Consumer Discretionary breaking out, closing above its 2.618 extension level of the April 2010-August 2011 decline.
