GPT - Is the Correction Over?GPT may have finished its retracement and may be ready for an up move. As it has broken the Bearish Trendline, and a bounce of the Support Zone and High Profile Volume Zone, I think it is going to move up towards the previous Highs.
TP1 - $4.57
TP2 - $4.77
Stoploss - $3.97
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Asx200long
ABP - Will it head higher?ABP is forming a bullish pattern suggesting that Buyers are in control now and most likely ABP is expected to head higher to the previous Highs. The price has broken out of the Descending Wedge Pattern decisively with High Volume and showing Bullish Price Action.
TP1 - $2.90 (Potential gain 6)
TP2 - $3.00 (Potential gain 11%)
Stoploss - $2.55
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
VCX - Does it want to Move Higher?The Chart formation of VCX suggests to me that it may continue higher as it managed to bounce of decisively off the 200SMA and even managed to closed above the 50SMA and the Bearish Trendline with High Volume. I think it may go to retest the previous highs. MACD has also crossed indicating a continuation of the trend.
TP1 - $1.750 (potential gain 6%)
TP2 - $1.850 (potential gain12%)
Stoploss - $1.450
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
URW - Trade PlanMy trading Bias for URW is Bullish as it has clearly bounced off the Support Zone and the 200 SMA. I expect URW to continue higher towards the Resistance Zone between $5.30 - $5.80.
TP $5.30
Stoploss - $4.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SCG - Trade PlanMy trading Bias for SCG is Bullish as it has clearly bounced off the lows (Support), with a decisive break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a breakout with energy, and expecting a potential 7-8% gain.
TP ~ $3.00 - $3.10
Stoploss - $2.55
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
WGX - Trade PlanMy trading Bias for WGX is Bullish as it has clearly and decisively broken and closed above the Bearish Trendline coupled with very High Volume. MACD is about to give a Bullish Cross Signal and RSI has come out of the Oversold region.
TP ~ $2.40 (Potential Gain 13%)
Stoploss - $1.75
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SYD - Trade PlanMy trading Bias for SYD is Bullish as it has clearly bounced off the lows (Support), with a break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region.
TP1 ~ $6.60 (Potential Gain 11%)
TP1 ~ $7.00 (Potential Gain 17%)
Stoploss - $5.40
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PYR - Trade PlanMy trading Bias is Bullish as it has clearly placed a Double Bottom off the lows (Support), with a break and close above the Bearish Trendline coupled with very High Volume. MACD has given a Bullish Cross and RSI has come out of the Oversold region.
TP ~ 1.035 (Potential Gain 16%)
Stoploss - 0.780
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
FLX - Trade PlanMy trading Bias is Bullish for FLX as it has clearly placed a Double Bottom off the lows (Support), with a break and close above the Bearish Trendline coupled with slightly higher Volume.
TP ~ $0.425 (Potential Gain 18%)
Stoploss - $0.335
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
APX - Trade PlanMy Trading Bias for APX is Bullish because price has broken the Bearish Trendline with High Volume.
TP1 ~ $28.00 (Potential Gain of 18%)
TP2 ~ $30.00 (Potential Gain of 28%)
Stoploss below $21.00
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
CCA - Trade PlanMy Trading Bias is Bullish as we have witnessed a clear break of the Bullish Wedge Pattern (Triangle) coupled with High Volume and MACD Cross.
TP - 0.160 (Potential 25% Gain)
Stoploss - 0.085
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SCP - Trade PlanWith Earning Report out of the way now, and after smashing surprise positive earnings, SCP managed to break out of the Bearish Trendline with High Volume indicating that the Bulls are now in control and want to take the price higher. It has gotten Support right at the edge of the trendline and at the 61.8 Fib Retracement Level, and also the 200 SMA.
I will be taking a Buy Position aiming for a potential 6-10% gain, targeting $2.55 - $2.60 zone and a tight Stop at $2.25.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
A2M - Trade PlanA2M is at a very important juncture, currently at $10.20, and the market now is waiting for the announcement of its earnings report on the 25th of February. A2M has been consolidating between the range of $10.00 and $11.00 range, (50% Fib Retracement Zone) since the plunge in price. This (50% Fib Retracement Zone) is from the initial lows in May 2015, to its all time Highs of $20.00 in July 2020. This is also a High Profile Volume Zone where price is hovering currently.
The market is anticipating the release of its earnings report with an estimate of $0.17 EPS, and I think that if it releases its EPS below estimate, or any negative surprise, then we may see some more pressure to the downside towards the $8.00 - $9.00 Zone (Extremely Critical Support Zone). If we see it announce higher then estimate or any good surprise, then we need to see the break of the Bearish Trendline coupled with High Volume. Price has been hugging the Bearish Trendline and has not been able to break and close above it as of yet.
I want to see a decisive break of the Bearish Trendline with High Volume and a close above it, to take a Buy Position with a tight Stoploss below the 18th December, 2020 low. My Stoploss will be at $9.70, aiming for an initial target towards $12.00 - $13.00 zone, which is also a Gap Window Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
IAG - Is there a Buying OpportunityIAG made its lows of $4.30 in the end of September, then it pumped up and made a High of $5.50 in the mid of November, breaking the bearish trendline, with very High Volume. This indicates that the trend may have changed, and since then it had been pulling back and formed Bullish Candles at the 78.6% Fib Retracement Level of $4.55. I think it has already made some base between $4.50 and $5.00, and aiming for a potential run towards the main Resistance Zone (Target) at $6.20 - $6.50, a potential gain of 18%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
QAN - Is the pullback Over?QAN had been retracing lower since the last two months and have found support just at the lower edge of the Parallel Channel (Trendline) ($4.40 - $4.50 Zone), coupled with Above Average Volume and a MACD Cross. It has retraced to exact 50% Fib Retracement and is showing some Bullish Price Action. This Bullish price action off Support suggests that the current pull back may be over and it could move higher to towards the Strong Resistance Zone of $5.20 - $5.30 for a potential 10% gain.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ALU - Has it found Support?ALU has been coming down hard and has stopped falling right at $28.00 (Support 1) all the way from $40.00. If this support somehow breaks, then it might come down and test Trendline Support of $26.00 or even come down to Support 2 level of $24.00. In either scenario, we are very close to Support Zone and should be ready for a turn around in ALU.
My target for this trade will be the $34.00 - $35.00 zone as this is a Resistance Zone and also a High Volume Profile Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
FLT - Retracing Nicely towards Support.FLT seems to be retracing nicely to the trendline Support at around $12.80, as it has shown strength previously also, and made a Higher High. We can also see that it has made a Golden Cross, with RSI about to reach the the Oversold region. The High Profile Volume Zone lies at around $13.80 and 200 SMA in the Buy Zone between $12.80 - $13.80 (many Confluences). I think the Green Box should provide good support, and I expect a bounce off from that Zone.
If it does bounce off, we can expect it to go towards the previous highs giving a potential return of 40% at TP.
Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.
CTD - Will it continue Higher?CTD had broken out of the downtrend line in October with High Volume, and followed through with Bullish Price Action in the Month Of November. It made a high of $21.76 on the 26th of November and since then it has been retracing lower. Recent price action suggests that its retracement is over after finding Support and bouncing off at $15.50 (200 SMA). Currently it is at $18.94, coupled with a MACD cross also indicating it wants to continue higher towards the previous High of $21.76.
If CTD manages to close higher then its previous Highs above $21.76, we may see it continue higher towards its next Resistance which lies at $23.00.
Please note these are my own notes for future reference, by no means trading advice to anyone. Please do your own research before entering into any trade.
Z1P - What is Next?Z1P broke out strongly last week as expected and was got rejected immediately when it reached its previous Resistance Zone of $8.30 - $8.50. Currently it is hovering between the range of $7.00 - $7.70. I think we could see a bit of consolidation before it continues going higher. I think the best level of Support is around $6.60 - $6.70, which is the Trendline (Neckline) support where it got Support a few times before as well.
We can also see the RSI currently coming down from the Overbought Zone, which may be indicating that Z1P may retrace a bit before taking off. My Initial Target now will be the main Resistance Zone of $10.00 - $10.50 Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
APX - Seems that it has found SupportSince the March 2020 lows of around $15.00 to the Highs of $43.60 recorded in late August 2020, we have witnessed weakness in price value, but I think that APX has now found good Support at around $22.00 level, which is also 78.6% Fibonacci Retracement. I think that we may see some Consolidation (Accumulation) or a rise in price above the mentioned Support Level of $22.00, imminently.
MACD has crossed, indicating a decrease in Bearish Momentum and RSI bouncing off the Oversold region which also suggests that Buyers have found value at these current levels and we may witness a bounce in price soon. My Initial Target for the trade will be the next Resistance Zone between $31.00 - $32.00.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.