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.
Asx200long
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.
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.
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.
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/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.
about to make golden cross - next buying at 16.25I am bullish on FLT, chart looks positive as about to make golden cross.
There is good support at $16.25 range, so don't think so that it's going to come down further.
Take profit at $19.10 range.
If it doesn't get support at $16.25 range then next support is at $13.50 zone.
I am pretty hopeful that FLT will continue moving upwards.
Uptrend Confirmed - Next Buying OppurtunityBullish trend confirmation indications:
1. Downtrend line broken.
2. Impulsive price action at the break of the trendline.
3. After the impulsive break, price is correcting the move slowly and in a choppy fashion.
4. Price has retraced to the 78.6 Fibonacci Retracement level.
5. Good Buying Opportunity if it closes positive or prints a Bullish candlestick pattern in the Buy Zone.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
Strong Bullish Price Action - New Buying OpportunityBullish trend confirmation indications:
1. Descending Wedge Pattern Broken.
2. Impulsive price action at the break of the wedge.
3. Price Broke the Squeezed Wedge with High Volume.
4. Price has retraced to the broken resistance zone, which is now Support.
5. Price Action shows Bulls are in control.
5. Good Buying Opportunity and very good reward potential.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX200 Trend ContinuationLooking for a entry approx 5960-6000
Strong Trend, Looking to for a continuation.
Daily RSI Oversold with 200MA just around the corner with a hidden divergence on RSI between ATH and current price level
4H RSi currently at 50% but would like to reach below 30% which will give a hidden divergence between previous price points.
Major support level with a strong channel
MA200 as channel's last line of defence. Needs to break internal trendline first.
Target 6250
The XJO Corrections are Quicker, as Interest Rates head to ZeroAs interest rates head to zero the bounce backs from corrections are getting quicker.
XJO is in a 10 year uptrend channel since the GFC and the first correction in 10/11 from top of channel to bottom was approx 426 days at 23%, the second correction in 15/16 from top to bottom was approx 285 days at 21%, the next major correction in late 18 ( wasnt from top to bottom of channel) lasted approx 104 days at 15%. Current donwtrend has started from top of channel. As interest rates get lower from 5% to 0.5% the corrections seem to be less time.
Higher Probability we bounce off the 61.8 fib level or bottom of channel.
ASX:APT STRONG Long Hello my dear
You can find all details on the chart above.
ASX:APT
Entry: 28 - 28.5
Targets:
First : 36.4
Second: 46.4
Stop: 25
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ASX approaching support, potential bounce! ASX is approaching our first support at 5807 (61.8% fibonacci extension, 23.6% fibonacci retracement, horizontal pullback support) and a strong bounce might occur below this level pushing price up to our major resistance at 5928(61.8% fibonacci retracement, horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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Losses can exceed the initial investment so please ensure you fully understand the risks