GXY - Buying OpportunityGXY seems to have taken off north, after breaking out of the triangle with very High Volume, so any retracement lower shall be a fantastic buying opportunity as it has been in a clear uptrend forming higher highs and higher lows. All we need is a little retracement towards the Support level and trendline Support level of $2.45 where it may come to backtest and shall wait for some bullish price action confirmation before we get into the trade. This will surely be an amazing buying opportunity for a strong move to the upside.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Asxlong
MND - Another Buying Opportunity?MND may be poised to move up aiming its previous resistance. A breakout of the bearish trendline (Wedge) combined with bullish price action off from the POC of Volume Profile makes me bullish. Another evidence is the MACD cross with Bullish Divergence which tells us that the Bearish Momentum has exhausted as price was going down and MND is ready for an upswing. My trade plan is as follows:
TP1 - $12.40 (Potential gain 10%)
TP2 - $13.30 (Potential gain 20%)
Stoploss - $9.90
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
REX - Is the Pullback Over?REX has stopped its fall and has decisively bounced off the 200SMA and it seems that the pullback is over and price is likely to move up. MACD has given a bullish cross which is also a bullish sign and a confluence. I am expecting the upswing to continue higher. My trade plan is as follows:
TP - $1.880 (potential 17% gain)
Stoploss - $1.420
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
YAL - Ready to take off?YAL has been getting very well supported on the 200SMA and the consolidation is probably gathering energy to push higher. With MACD Bullish Cross as a confluence, I am bullish YAL and expecting it to move higher in the next few trading sessions. My trade plan is as follows:
TP1 - $2.45 (potential gain 7%)
TP2 - $2.55 (potential gain 11.5%)
Stoploss - $2.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MEZ - Bullish Trade PlanMEZ looks good and ripe for a move higher because of the two consecutive breaks of the Bearish Trendlines with High Volume and has bounced off its strong support of $4.60 level. MACD has got bullish too and maybe we shall see the upswing continue to go higher. My target for this trade would be $6.00 level which could be a potential 18% gain.
TP - $6. 00 (Potential Gain 18%)
Stoploss - $4.50
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ANO - Bullish Trade PlanI am expecting ANO to move higher in the next few trading sessions. Price has been getting supported above the 200SMA and 50SMA and has been consolidating and volume is also picking up. Price initially broke out of the Bearish Trendline with very High Volume and MACD has also crossed, giving a Bullish signal. My trade plan is as follows:
TP1 - $$4.60 (potential gain 8%)
TP2 - $$4.90 (potential gain 15%)
Stoploss - $3.90
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
EML - A breakout to a new ATH - but will it holdEML is an ASX listed stock in the By Now Pay Later space which has recently seen a lot of chatter.
Looking at the chart, the stock appeared to be in a long period of consolidation between early May 2020 to December 2020, with price mostly below the 200 day MA during this time. A break out from the consolidation range looks to have occurred during the first week of December 2020 with a new upwards trend establish which ran to around mid-Dec (around the 18th).
This was followed by a fairly sharp pullback to the 50 day MA which has been acting as support for the last couple of months. Following earnings on 17 Feb, the stock has seen a significant gap-up (around 12%), which has seen the stock consolidating for the last 2 months. Today (7 April 2021), the stock has had another significant gap-up (around 6-7%) which has seen price break out of the consolidation range. Today's movement has been volatile (around 10%) but if the momentum can be maintained across the next couple of days, I think this stock has a good chance of continuing its uptrend in both the short and long term.
Happy Trading,
Nick the Trader Guy
Check out my blog at www.nickthetraderguy.com to follow the progress of trader going from boom to bust to consistently profitable.
DOW - Seems like thePullback is over.DOW looks good and ripe for a move higher because of the break of the Bearish Trendline with High Volume. MACD has got bullish too and maybe the pullback is over and we should witness this leg higher as we are in a clear uptrend. My trade plan is given below:
TP - $5.55 (Potential Gain 7%)
TP - $5.80 (Potential Gain 10%)
Stoploss - $4.88
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
TLX All Time HighMy first time trial on ASX but the chart looks the same as the rest. All Time High. Entry Price and Stop Loss prices have been defined.
CRO - Bullish Trade PlanI am expecting CRO to move higher. Price has been supported and volume is picking up. MACD has also crossed indicating that CRO could move higher in the next trading sessions. My trade plan is as follows:
TP - $$0.125 (potential gain 27%)
Stoploss - $0.065
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ICI - Could Move Higher?ICI have been forming supportive candles above the 200SMA, coupled with High Volume and MACD Cross. This could be a sign that Bulls may be taking over and preparing to take price higher. I am bullish ICI and my trade plan is as follows:
TP1 - $0.145 (potential gain 25%)
Stoploss - $0.095
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CSL - A Potential buy Plan?CSL could be bottoming, as it appears so on the Weekly chart after it bounced off support with High Volume. Could it be a double bottom? Maybe, only time will tell. At this point, it seems that it may have bottomed medium term and may move higher. My trade plan is as follows:
TP1 - $270.00 (potential gain 6%)
TP2 - $288.00 (potential gain 13%)
Stoploss - $237.00
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 seems that it has found solid support after being flushed heavily. With Bullish Price Action at Support, a break of the Bearish Trendline with very High Volume and MACD cross with Bullish Divergence makes me confident that we can cautiously buy. My Trading Plan is given below:
TP1 - $5.50 (potential gain 13%)
TP2 - $5.90 (potential gain 21%)
Stoploss - $4.20
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Seems that it has found supportAfter falling hard, it seems that NST has found solid support. With the Bearish Trendline getting broken after a solid bounce, coupled with very High Volume and MACD Cross, I expect a follow through in price to the upside. I am bullish NST and expect it to move higher. My trading plan is as follows:
TP1 - $10.80 (Potential gain 10%)
TP2 - $11.80 (Potential gain 20%)
Stoploss - $8.60
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
GOR - Bullish Trade PlanGOR on the weekly chart has certainly found good support on the Trendline and 200 Weeks SMA, with High Volume and Weekly MACD Cross. This makes me bullish GOZ and I expect price to move higher and reach the next Resistance level. My Trade Plan is given below:
TP - $1.400
Stoploss - $1.00
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
API - Bullish Trade PlanAPI is showing Bullish Price Action and a break of the Bearish Trendline off the Support Zone and the High Volume Profile Zone (confluence), which is why I believe we could see a push to the upside.
My TP - $1.215 (potential gain 6.5%)
Stoploss - $1.080
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LNK - Bullish Trade Plan LNK looking good as its retesting the trendline, 200SMA and the POC of the Volume Profile. MACD indicator also bullish and I think there is a good chance that it is going to restest the previous highs and might continue higher. I am bullish LNK and have a target of $5.50 (potential gain of 13%) with a stoploss below the previous lows at $4.45.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
88E - Is it ready for a Breakout?88E has managed to close above the long term Bearish Trendline with apparently much heavy volume. The bounce off the POC of Volume Profile, Bullish MACD and the breakout all indicate that the price is expected to continue to the upside. I am bullish 88E with my targets below:
TP1 - 0.015 (Potential gain 35%)
TP2 - 0.019(Potential gain 67%)
Stoploss - $0.007
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
WZR - Bullish Continuation TradeWZR catapulted in early February but resisted and came lower to test the breakout zone and had been consolidating for quite sometime. It has now shown good bullish price action and seems that it will retest its resistance level again and maybe could move further higher. The recent bounce seems that it may continue to the upside to test its resistance level.
TP - $0.240
Stoploss - $0.170
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SZL - Pullback about to end soon?The recent pullback has been strong but seems it may be about to end soon. I am expecting that it may be supported on the trendline to provide a good buying opportunity and the uptrend may resume. My Buy zone is $6.80 - $7.40 range, which is the trendline and the POC of Volume Profile, where I will be observing price action and wait for it to turn around, and aim for the recent highs.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Z1P - Could provide a buying Opportunity!Z1P's current selloff may be coming to an end and provide a buying opportunity soon. I think there may be some room left to the downside and could be supported on the trendline where my Buy Zone lies at the $6.80 - $7..00 range. I will be comfortable to buy in this range after it shows solid Bullish Price Action. My target for this trade will be the old resistance range of $10.00 - $10.50.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
KGN - Has it found Support?KGN had been plummeting hard but now it has shown some kind of support. Seems that Buyers have stepped in because of the recent bullish price action and price could move higher. At this time it is very hard to say that the Bearish Trend is over, but there could be a possibility for price to move up and provide a gain of 10% and move higher to the next resistance level. My trade plan is given below:
TP - $15.600
Stoploss - $11.80
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
