IFL - Bullish Trend ConfirmationBullish Confirmation Indications
1. IFL has broken out of the long downward trendline with High Volume
2. Price Action have been impulsive which indicates that Bulls are in control.
3. The price action is consolidating against the trendline.
4. IFL is looking good on the weekly and monthly charts.
I expect IFL to pull back to the Buy Zone between $3.52 - $3.25. I think it will be a good opportunity to buy with an 18% potential gain on the first trade and 24% potentially on the second.
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
Asxlong
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.
Presenting good buying opportunity at 27.00 rangePresenting good short term buying opportunity at current price range.
I think it is going to retrace upwards from current price that is $27.00.
this can give potentially around 15% profit at $31.24 range.
even if it comes down i can get good support at $26.00 range from where i can easily retrace upwards giving nearly 20% profit.
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 with High Volume
3. After the impulsive break, price is correcting and consolidating.
4. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of
50-61.8 % and support of the trendline. The ideal level zone is between $4.90 - $5.00. That will be a trade with confluence.
5. Good Buying Opportunity if it closes positive or prints a Bullish candlestick patterns in the Buy Zone area and on or near
the trendline with bullish price action follow through.
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.
IPL looks to have turned a corner....Those familiar with IPL will already know they produce explosives, fertiliser & industrial chemicals for Mining & the Ag Industries. You would also likely be aware that the price has been channelling sideways since March 2020. Finally, the price appears to be making a break to the upside, so I like how IPL looks right here; for those who a little more cautious you might want wait for a confirmation, but I am happy to buy it today at this level.
stronger with high volume after consolidation
1. RZI looks good with good volume.
2. Has been consolidating for a while between 0.70 and 0.73 zone. which is very healthy sign.
3. Bulls are trying to take over, pushing the price up with force to high volume trade zone at $0.865 range.
4. Over all trend is up with confirmation.
5. Good buying position is 0.800
6. I think the first take profit should be as below:
a. Fib level 0.786 at $0.845
b. Fib level 1 at $0.990
Note: Please note these are my notes for my own future reference. By no means trading advise to anyone. Please do your own research before entering into any trade.
REA - Bullish Ascending Triangle - High ProbabilityREA Technicals = high probability - I'm looking to enter on the ascending triangle breakout. REA Fundamentals = lower probability - major cv19 head winds are incoming, but, I'm thinking the market takes an educated punt that any further real estate weakness will be meet with larger incentives/stimulus. This will likely lead to a bullish REA share price.
NOT OVER YET, ONE MORE DAY TO GO & PROTECT 5836 $XJO On 26 August 2020,
$XJO was at 6161 and I said we will pull back to the moving averages and a big breakout will come...
The 2 day chart have shown us we have broke down to the down side.
This week, I said we need to close above 5836 on the weekly to stay bullish.
We did that.
However, it is not over yet.
The 2 day candlesticks DID NOT CLOSE this week , it will close next Monday and start a new candlestick on Tuesday 22/09/2020.
Furthermore, we have closed below all three moving averages 20,50,200 and from the past more downside will come in the coming days/weeks.
Therefore,
Monday will be a very important trading day,
Long - Close above 5919
Short - Close below 5836
If close below 5836, the 0.50 Fibonacci Retracement level is my next support....
High probability - Bullishness to continue - Ascending triangleFrom a technical point of view the RBL chart has a bullish ascending triangle breakout. From the Fundamental side the CV19 tailwinds are extreme for RBL with the online retail. Additionally, the most recent report highlight being sales of 26 million in masks, you would think that trend continues to grow for the forseeable.
TWE - Is it ready to breakout?Ascending triangle formation in the TWE chart. High probabilty trade on the back of the market anticipating a positive close out of their class action dispute and potential market tailwinds with lockdowns easing. Waiting for the break out with bullish candle confirmation.
The trend is your friend, Go long until this breaks. It did $XJOWe closed below the trend line last week,
can we get above it this week???
If we fail to do so, more selling will come and this could go for several days or weeks.
The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893)
it will trigger a sell signal with the TD sequential indicator.
Furthermore, the MACD indicator is about to fire a sell signal...
Therefore, be careful trading this week.
Maybe, it is a good time to take some profits ...