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Asxequities

SYD Airport to Land soonIts been quite a challenging time for Sydney for quite some time and good days isn't near anytime soon. Going by the chart, looks like SYD will dip more to around 5.35 level before bouncing up again. Also all EMA's are above the price line which is a bearish sign. Would be interested to see how long will SYD take to Take off. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
SShort
by Manjyot
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R
by Peaceful-Weekend-Investing
2
Bullish Flag Pattern for ABP.ASX Targeting $3.50Hello Fellow Trader! Price pierced through resistance ($2.87) with volume and cleared the range where it’s now coiling above under the 200 EMA. ABP.ASX has not touched the 200 EMA since the pre Covid drop. ABP.ASX – Abacus Property Group is a diversified property group specialising in Australia’s core commercial sector including office, retail, and industrial properties, self-storage facilities and property development ventures. Key Points: - Price hugging the 200 EMA - Price holding above the 50 EMA - Drop in volume within the flag - Increased volume spike during the impulse drive - Pierced through multi – month range - Targets using Fibonacci multiples of prior impulse Key Levels: Support - $2.87, $2.79, 50 EMA Resistance – $3.00, $3.25, $3.50 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.93 Supporting Entry – $3.01 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below $2.79 or below 50 EMA– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.93 – Target 1 $3.25 = 2.3x Reward to Risk Optimal Entry $2.93 – Target 2 $3.49 = 4x Reward to Risk Supporting Entry $3.01 – Target 1 $3.25 = 1.3x Reward to Risk Supporting Entry $3.01 – Target 2 $3.50 = 2.5x Reward to Risk
ALong
by tradetheday