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Asx200long

APX - Trade PlanAPX has been consolidating for a while but the price action is very telling. It plummeted hard since August 2020 after making a peak around $44.00 all the way down to $11.00 in May 2021, ( a Fibonacci retracement of 78.6% since its IPO). The recent price action indicates that the trend may have changed after it broke out of its downtrend line coupled with High Volume. Since its recent high of around $14.70, it pulled back to 78.6% and forming a potential double bottom which indicates that there is very good support. The global POC of its Volume Profile is at $12.40, which is also a good level of Strong Support. There is bullish divergence on the MACD which is a sign of exhaustion of Selling momentum. I am bullish APX and expect price to thrust higher. My target is $18.30 with a stoploss below the double bottoms at $10.80. 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
20
SYA - Trade PlanSYA has been very strong since the beginning of 2021, and since heading higher. My plan is to buy the next swing low. I have my buy zone around $0.060 - $0.075, which is the Fibonacci retracement zone between 50% and 61.8%, ( a golden pocket zone). If and when it retraces lower, it will be a very good opportunity to join the trend. Lets see how it progresses. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SYALong
by AsimMirzaTrader
6
NTO - Trade PlanNTO is at resistance and has managed to make a fresh high though. I have two Buy Zones where I would expect price to retrace, and if it does, it may be another buying opportunity. My first Buy Zone is between $3.10 - $3.20, previous and my second Buy Zone is between $2.70 - $2.80. I will watch for bullish price action confirmation to get long for the the next swing higher. 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
IFL - Bullish Trade PlanIFL looks constructive and recently it has been consolidating at the Resistance level. As it has been in the range, we might see a minor swing low towards the upward sloping trendline around $3.90 - $4.00, which is also my Buy Zone. If it pulls back, it could be a very good buying opportunity for the next leg higher. I would wait for bullish price action confirmation to ride the swing. My target would be the next Resistance level of $5.40. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:IFLLong
by AsimMirzaTrader
EML - Could see one more leg lower?EML after making a high in late April, it plummeted hard. Since it found support, the recent price action looks like a dead cat bounce. This price action does not give confidence and there could be one more leg down in the cards. It has very strong support at $2.60 level where I have my Buy Zone (between $2.60 and $2.80). I may buy near my Buy Zone after bullish price action confirmation. Lets see how it progresses. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:EMLLong
by AsimMirzaTrader
CGF - What is next?CGF after making a high in early February, plummeted hard. After the bounce, price has gone up but the current swing looks very corrective. It could be in the process of making a bear flag and price could come down to the lower end of the parallel channel to give one more swing low and another buying opportunity. If price comes down, I would wait for bullish price confirmation at the lower end of the channel where my Buy Zone is at around $5.00. Lets see how it progresses. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CGFLong
by AsimMirzaTrader