PLS - possible bull runHighlights
Regular deep pullbacks and recover to ATH
Consistency in number of days to reclaim ATH and extension to new ATH.
Broken downward trend line. Under the support of lower pivot trend line. Also broken last resistance derived from double hidden divergence.
Lastly, clear double bottom and broken neck line.
Asx200
$AVZ- Potential Breakout of All Time HighAVZ looks very promising to break out on Monday, MACD and RSI Cross. Also closed above 20 SMA
comparison of ASX clothing/fashion retail stocks.BST BEST & LESS GROUP
Market Cap $378.6M
PE 9.65
AX1 ACCENT GROUP ( Dr. Martens, Skechers, and Timberland.)
Market Cap $888.7M
PE 18.37
CCX CITY CHIC COLLECTIVE (plus sized women’s clothing, 'the Avenue' + 'Evans')
Market Cap $735.2M
PE 24.2
GLB GLOBE INTERNATIONAL
(street fashion, skating equipment, outdoor clothing, and workwear, brands = 'Globe', 'Salty Crew', 'Stüssy)
Market Cap $205.7M
PE 6.18
PMV Premier Investments
(owns the Just Group, which includes the Just Jeans, Peter Alexander, and Jay Jays brands)
28% stake in Breville Group
Market Cap $4.396B
PE 17.9
XJO = ASX 200.
AUS200 : FUNDAMENTAL ANALYSIS + LONG FORECAST | LONG SETUPAustralia stocks were higher after the close on Thursday, as gains in the IT, Consumer Discretionary and Financials sectors led shares higher.
At the close in Sydney, the S&P/ASX 200 rose 1.10%.
The best performers of the session on the S&P/ASX 200 were Flight Centre Ltd (ASX:FLT), which rose 6.61% or 1.17 points to trade at 18.87 at the close. Meanwhile, Webjet Ltd (ASX:WEB) added 5.83% or 0.31 points to end at 5.63 and Qantas Airways Ltd (ASX:QAN) was up 5.79% or 0.27 points to 4.93 in late trade.
The worst performers of the session were Nickel Mines Ltd (ASX:NIC), which fell 13.17% or 0.19 points to trade at 1.22 at the close. Rio Tinto Ltd (ASX:RIO) declined 7.73% or 9.27 points to end at 110.61 and Beach Energy Ltd (ASX:BPT) was down 5.90% or 0.10 points to 1.60.
Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 857 to 547 and 380 ended unchanged.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 1.91% to 17.12.
Gold Futures for April delivery was down 0.14% or 2.70 to $1,985.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.37% or 2.58 to hit $111.28 a barrel, while the May Brent oil contract rose 3.51% or 3.90 to trade at $115.04 a barrel.
US Indexes had a late burst higher to end in the greenMorning Jumpstart Macro View and US market recap 1-02-22
The US had a late session burst higher that dragged the major Indexes into green territory ahead of key US employment data Friday. The USD continues to grind lower while Gold was range bound. Copper had a strong session while Oil continues to hold recent gains setting for another push higher.
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
View more at www.tradethestructure.com
Bargain hunters go shopping into tech and support US IndexesMorning Jumpstart Macro View and US market recap 31-01-22
US ended the week with a bang as bargain hunters went shopping to support the broader US market. Tech was again the favoured stocks which lifted the SP500 while the DOW lagged the enthusiasm. There may be some end of month window dressing on the cards also which may have provided some support.
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
View more at www.tradethestructure.com
ASX 200 daily chart forecast
The Index shows a similar trend as the US major Indices, pointing to a reversal after the recent sell-off, but there are major points to watch.
Major support around 6895, 6860, 6804, 6747, 6712
Resistance at 6952, 7044.
The Index needs to remain above 6804 to confirm a reversal to the upside.
The charts' estimates are automated through a system that predicts critical levels of future price movements.
ETF:STW ASX200 key levels and trend lines analysis ASX:STW
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US continues lower as Bulls bail...US market recapMorning Jumpstart Macro View and US market recap 28-01-22
Europe moved up dragging the ASX, Hang Seng and Nikkei with it although the bullish sentiment was capped as the US continued to be sold lower with Tech (Nasdaq) leading the way. US markets are at key areas where buyers will need to make a stand!!
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
View more at www.tradethestructure.com
ASX:DMP - Stage 4 uptrend started- dominosStage 4 of growth has just started....?
History tells us that....
Domino's Pizza Enterprises Limited (DMP) is engaged in the operation of retail food outlets and franchise service. The Company holds the exclusive master franchise rights for the Domino's brand and network in Australia, New Zealand, France, Belgium, the Netherlands, Japan and the Principality of Monaco. The Domino's brand is owned by Domino's Pizza, Inc. which operates within the Quick Service Restaurant (QSR) pizza segment of the fast food market in Australia and New Zealand.
Bulls spooked into close...key levels for the coming sessionsMorning Jumpstart Macro view / US Market Recap 27-01-22
US markets took a hit into the close after the Fed Reserve signalled rate rises and an end to free money. Gold fell as the USD rallied while oil continued higher thanks to supply concerns.
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
Hope you enjoy and have a good trading day!!
Market Recap and levels to watch for the coming sessionsMorning Jumpstart Macro View 26-01-22
US markets found some buying early only to give way to selling pressure into the close to close the Indexes in negative territory. FOMC is out late in the coming US session which weighed on the market especially tech (Nasdaq).
For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments.
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Market Recap and levels to watch for the coming sessionsMorning Jumpstart 25-01-22
US Bounced bark hard from a weak open after trapping and squeezing some sellers. Bargain hunters were out in force expecting that the selloff is over and its time to buy the Dip. I feel that we may have seen the highs put in place and may expect a further unwind of bulls as inflation and interest rate rises kick in. More in the video....
Thanks for watching and please take some time to check out the website.
Could be a slippery slide lower on the ASXThe ASX200 is under pressure as price falls into the weekend on stock market meltdown fears. US rate rises and inflation, along with other concerns, are weighing on bullish sentiment and testing the patients of buyers. Is this the calm before the inevitable storm?
To me, the 7175 level is the line in the sand after the recent RTF (Double Top) at 7625, and buyers will need to hold the line if we are to see higher prices. Price has extended into the level so may see a bounce on some bargain hunting in coming sessions although this will largely depend on how the US performs tonight.
US bonds are pointing to four rate rises this year which is more than expected and pressuring markets. There are some saying that the US Fed has made a mess of easing and have left it too late to contain inflation so will be chasing with faster tightening. If this is the case, I do not see traders wanting to add risk to portfolios or Funds willing to support price...so now is the time I am happy to be cautious hence the recent short on the ASX200 CFD.
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FMG - Is it headed to $30 ?Fmg - looks like the uptrend is about to resume.
Key techinical - Inverse head and shoulders formation. FMG chart suggests it could be headed to $30. Resistance at $26. 20% upside.
Key fundamental - Iron ore prices at record highs to continue, resulting in record EPS ( big dividends ).
ABB @ 27 DEC 2021Text me if you have any questions/comments for me.
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ABB
- After hitting an overhead resistance zone (orange highlight) at 5.10-5.50 levels, stock has retraced back to support zone (blue highlight) at 4.40-4.60 levels
- Short-term average has crossed below (red circle) the mid-term average –> not a good sign
- Stock has been trapped in a sideways movement for almost 4 months
- All the indicators that I’m using is saying that the stock is not a good pick for a mid-term hold
- If stock can rebound above the moving averages, the support zone will be a strong place for possible future collection
- Any break below the support zone is pretty much game over for the stock
- Strategy-to-buy (DYOR) – Wait for HH and HL formations
ASX 200 @ 1 Dec 2021Text me if you have any questions/comments for me.
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In the last Market Watch analysis done on 2 November (red dash line), I wrote that I would avoid the big caps (eg. Blue Chips, ASX 200 constituents) while being more selective with my purchases. Since then, the ASX 200 tested and failed to break the 7450 resistance and is now falling towards the strong support zone near 7200 levels (orange line).
The ASX 200 previously rebounded from this support zone and another rebound would be good. The index is also testing the long-term average. Judging by its historical performance, I can’t say that the long-term average is a very strong support.
Since 1 Dec 2017 (blue dash line), the ASX 200 has only rebounded of the long-term support 2 times (blue arrows). The red arrows were when the index was rejected by the long-term average. This does show that the index does at least respond to long-term average – albeit not often as a support.
The red thumbs downs were periods when the index just fell through the long-term support. My huge concern is whether the ASX 200 will fall below the 7200-support zone. If it breaks this support, the overall market will likely be in a world of pain for at least a few weeks.
The US market hasn’t really shown convincing signs of a strong rebound. If a strong retracement takes place over the coming days in the US, I have a strong feeling that the ASX 200 will fall off the support that it is sitting on. Our best-case scenario is that the US creates a new all-time high in the next couple of weeks and the ASX 200 will take the hint and slowly rebound again.
With the integrity of our politicians being called into question and the federal election happening in less than 6 months, the markets will continue to be in state of flux. Rising inflation and potential Omicron scares will continue to disrupt the economic recovery.
In last Saturday’s FB livestream, I explained around the 17-minute mark how the US and Australia markets’ movements is signalling that there is a lack of confidence in the ASX market. Personally, I have reduced my trading portfolio from 6-8 stocks down to 3 stocks. I’m increasingly being more selective in my purchases as sometimes, doing nothing in the market is a form of capital preservation.
How about you? Are you optimistic or pessimistic on the ASX market over the coming 6 months? Are you aggressively buying now or waiting for stronger rebounds or retracements?