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Asx200long

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.
ASX:CTDLong
by AsimMirzaTrader
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.
ASX:ZIPLong
by AsimMirzaTrader
3
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.
ASX:APXLong
by AsimMirzaTrader
LLC - Pulling Back to SupportLLC seems to be pulling back nicely to the trendline Support at around $11.70, 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 in the Oversold region. The High Profile Volume Zone also lies at around $11.40, so it seems that the range between $11.40 - $11.80 should provide good support, and I expect a bounce off soon. If it does bounce off, we can expect it to go towards the previous highs giving a potential return of 14% at TP1 and 25% at TP2. 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.
ASX:LLCLong
by AsimMirzaTrader
ALD - A Buying opportunityI am bullish on ALD , the chart looks positive as it has made Higher High and even a golden cross. There is good support between $27.50 - $28.50 range, as its also a High Volume Profile Zone and we can see Bullish Price Action after some consolidation with High Volume. MACD Histogram is changing color, cold be a possibility of a shift in Bearish Momentum. I am expecting continuation of the upward trend. First Take profit at $30.00 range. Second Take profit at $33.00 range. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:ALDLong
by AsimMirzaTrader
WPL - Any Retracement Lower could be a Buying OpportunityThis stock had been hit real hard during the COVID -19 pandemic because of plummeting Oil Prices. Now that we have observed Higher Oil Prices, and particularly WPL has been going up now, I believe the trend will advance further up and we may see much higher prices in the days to come. We can see a Golden Cross, MACD has crossed and High Volume, which shows the possible change in trend. Nothing goes up in a straight line, so since price have been moving up we have not seen a decent retracement, so I believe any retracement lower could be a good Buying Opportunity. We might see some kind of profit taking in the Gap Window Zone, between $24.90 - $26. 40 range, so any pulback lower ideally in the Buy Zone between $20.00 - $22.50 range could be a great Buying opportunity. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
WLong
by AsimMirzaTrader
SCP - Good Buying OpportunityBullish Confirmation Indications Recent price action has confirmed a reversal by pumping upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. After forming a Higher High, price failed to continue upwards and is now pulling back 4. This pull back has come down and has entered in the Buy Zone and Fib retracement zone of 50% - 78.6% of $2.20 - 2.35 5. There is also a trendline support and price may bounce at the lower end of the channel support of $2.20 6. There is a High Volume Profile Zone at $2.20 (another confluence) 7. I will be confident to buy in the $2.20 - $2.35 region (Buy Zone). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SCPLong
by AsimMirzaTrader
SZL - Is it time to get Bullish?Bullish Confirmation Indications Recent price action may have confirmed a reversal as we can see that price came down to the trendline and has since moved up. Price has also moved out of the downtrend line (triangle) which indicates that Buyers are strong. 1. Price has been supportive at the support level of $5.20 level twice which is a Bullish Sign. 2. There also lies a trendline which has acted as good support 3. There also lies 200 day Moving Average trending upward and has provided Dynamic Support (Confluence) 4. Price has been failing to continue up because of the Resistance Zone of $6.80 level 5. I believe that price may come down again to give a buying opportunity and backtest the trendline and continue up 6. I will be confident to buy in the $5.80 - $6.000 region after proving some Bullish Price Action Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SLong
by AsimMirzaTrader
TLS - We may be getting a Buying Opportunity Right Away...TLS seems to be a buy right away, as it has pumped up higher with a massive Bullish Candle above the downtrend line, with High Volume and simultaneously giving a Bullish MACD Cross. It has been falling off like a rock since June 2015 all the way down from $7.00 to around $2.60 ( Support Zone ), but I think we may have seen a Medium and Long Term Term Low as it has bounced off strongly. We can also see as price was forming lower lows, MACD has been moving up developing a massive Bullish MACD Divergence suggesting a big shift in the Bearish Momentum. I believe that TLS should continue to move higher until it finds resistance at the R1 zone around $3.30 at TP1, giving a potential gain of70% on the position and move even higher to $3.550 region where my TP2 lies, to give a further 7% gain (or 14-15% gain in total position). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:TLSLong
by AsimMirzaTrader
COH - Are we getting a Buying Opportunity Right Away?COH seems to be a buy right away, as it has bounced off with a massive Bullish Candle, with above average High Volume and simultaneously giving a Bullish MACD Cross. It has been falling off like a rock since the 19th of November High of roughly $240.00 all the way down to around $177.00 (Support Zone), shedding almost 26%, but I think we may have seen a Medium Term Low as it has bounced off strongly. I believe that COH should continue to move higher until it finds resistance at the R1 zone between $205.00 - $210.00 range at TP1, giving a potential gain of 20% on the position and move even higher to $220.00 region where my TP2 lies, to give a further 12% gain (or 32% gain in total position). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:COHLong
by AsimMirzaTrader
ZEL - Buying OpportunityUptrend Confirmed due to recent price action which has confirmed a reversal by pumping upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back 4. I will be confident to buy in the $2.72 - $2.82 region (Buy Zone) as it is in the 50%-61.8% Fib Retracement Zone (Golden pocket) 5. There is a gap window between $2.73 - $2.96 region (another confluence of Support) Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ZLong
by AsimMirzaTrader
WEB - Giving a Buying OpportunityBullish trend confirmation indications: 1. Made a Higher High 2. Made a Golden Cross 3. Impulsive price action with High Volume 4. After the impulsive break, price is correcting and consolidating. 5. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of 50-61.8 % and the Gap Window Zone. The ideal level zone is between $4.30 - $4.70. That will be a trade with confluence. 6. Good Buying Opportunity if it closes positive or prints Bullish candlestick patterns in the Buy Zone area with bullish price action follow through with a potential gain of 120%. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:WEBLong
by AsimMirzaTrader
Uptrend Confirmed - Next Buying OppurtunityRecent price action has confirmed a reversal by pumping upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back 4. I will be confident to buy in the $4.15 - $4.30 region (Buy Zone) as it is in the 50%-61.8% Fib Retracement Zone (Golden pocket) 5. There is a gap window between $4.30 - $4.50 region (another confluence of Support) 6. There is a trendline support in the same region which is the third confluence. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:GPTLong
by AsimMirzaTrader
1
ORG - Potential Buying OpportunityBullish trend confirmation indications: 1. Impulsive price action at the break of the Downtrend line. 2. Price Broke out of the Downtrend Line with High Volume . 3. Price is retracing to the Buy Zone (Fib Retracement Level of 38.2% - 61.8%) between $4.50 - $4.85 Zone 4. MACD Histogram showing a potential shift from Selling Momentum to Buying Momentum. 5. Good Buying Opportunity when it confirms Bullish Price Action. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:ORGLong
by AsimMirzaTrader
3
SLR - Bullish Trend ContinuationBullish Trend Continuation indications: 1. Support Zone Held after Price decline. 2. Trendline Support held after price decline. 3. Price is consolidating above the Support Zone and Trendline. 4. Price Action shows Bears are exhausted. 5. Good Buying Opportunity after Bullish Price Action. I would be interested to buy after I will see Bullish Price Action and would target the next downward sloping trendline or next Resistance Zone (High Volume Profile Zone) between $2.10 - $2.30) Zone. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SLong
by AsimMirzaTrader
ASX - Australian Stock Exchange - The Final Wave Is In ProgressIt is the clear that this final move in the ASX is an Expanded Type-2 Zig-Zag Wave v. I have linked the bigger picture below in related ideas. White Wave 4 ended at 6,644 and is critical support for a long trade. White Wave 5 will likely terminate at the highs marked in the green area. White Wave 5 must make one final all-time-high in order to complete the move. Please LIKE and FOLLOW to get notification of updates and future posts.
FX:AUS200Long
by AriasWave
NEA - Bullish Pennant in Formation I believe that there is a great buying opportunity in NEA, as it has been forming a clear Bullish Pennant since the end of August. It is clearly a continuation pattern and has been consolidating within this pennant. If Price Breaks this pennant with High Volume, this may be a sign that Price may continue pumping up with force and reach the (Resistance 2 - Zone) nearly $3.10 with a potential gain of nearly 32%. Price may even hit the Strong Resistance Zone of nearly $3.90, which may provide a gain of 62%. I believe this is a great medium term buying buying opportunity. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NLong
by AsimMirzaTrader
2
RRL - Giving a Buying OpportunityI believe RRL is giving a good medium term buying opportunity, as it had pulled back into Support and after some days of consolidation, it is showing Bullish Price Action. Price has broken the green downward sloping trendlinewith High Volume which is why I am confident that now it is ready to go up. From the closing of the Current Daily Green Bar ($3.87) to my target of $4.85, this trade may give a potential of 23% gain. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:RRLLong
by AsimMirzaTrader
MSB - Bullish (A Medium to Long Term Buying Opportunity)1. Price has plummeted down and stopped at exact upward sloping 50 Months Moving Average 2. Price got support exactly on the 200 Weeks Moving Average 3. Price got support at a very strong Monthly Support Level I believe this is a great medium to long term buying buying opportunity, as price got supported at many confluence levels, as this might be a Higher Low on the Monthly and the Weekly Chart. The support level of $2.00 is very strong. As price got dumped aggressively, I believe it will take some time for it to move up very quickly. I think price will consolidate and coil and there will be a lot of accumulation which may take time for price to take off. I will be watching price action and will enter once bullish price action is confirmed. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:MSBLong
by AsimMirzaTrader
3
TPG - Bullish Trend Confirmation TPG - Bullish Trend Confirmation Indications: 1. Price has broken the down trendline 2. It has formed a higher Swing High 2. Price has retraced back to support and has confirmed bullish price action I believe price has shown bullish price action at support and I expect price to go higher and hit the target level of $9.60. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:TPGLong
by AsimMirzaTrader
CCA - Bullish Trend line Support IntactBullish Trend Continuation Indications: 1. Upward Bullish Trendline working as Support for price. 2. Have been consolidating above the trendline which is a positive sign 3. I would wait for price to close above the previous Green Candle's High on the Daily Timefrme to give me confidence that Buyers are in control and they want to take it higher. 4. If price closes below Wednesday's low (0.135), then this trading plan will not be executed. 5. If I take a position, my target will be 0.210 (Previous Resistance), which may give a 40% gain on the position. 6. I will be closely watching and see how it develops further to take a buying position and will update accordingly. Note: Please note these are my notes for my own future reference. By no means trading advice to anyone. Please do your own research before entering into any trade.
ASX:CCALong
by AsimMirzaTrader
FLT - Bullish Trend ConfirmationFLT had been hit hard in the pandemic, and now the price action proves that FLT has found a bottom and expected to head North. 1. It has also printed a higher high and a Golden Cross is in development. 2. Current price action suggests it is finding resistance between its recent high of $19.12 and $17.50 , and may give a retracement. 3. I would be a confident buyer at the 50-61.8% (Buy Zone), between $14.00 and $15.15, also there is a gap window in this zone, which is a confluence. 4. Price Action suggests that FLT has a lot of room to catch up and the next resistance is at $33.00. I will be monitoring the Price Action closely and will update accordingly. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:FLTLong
by AsimMirzaTrader
ASX/200 - Buy Update The Australian Stock Market Index continues to recover from the Covid-19 sell off in the early part of 2020. Growth in China is helping Australia's index recover as Asia is Australia's Main trading hub and demand for Australian exports is increasing as Asia recovers at a faster pace than Europe and North America from the Pandemic. We look at buying this Index now as the Index prior to the sell off in march has been rising for 11 straight years coming out of the financial crash of 2007-2008 We look at entry price and stop-loss using ATR One month volatility.
ASX:XJOLong
by KayansMarkets