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ASX200 $XJO Are we heading for a bear market? Good Evening, investors and traders, the Asx200 $XJO went lower again due to market uncertainty with the coronavirus. Last week, I said if we breach the 50 moving average, the first level of support is around 6300-6400. The market went straight down to 6259.9 on Monday and traded sideways between 6259-6500 for a few days and eventually making a new low of 6216 at Friday's close. Next week, I am watching 5800-6100 as a very important area of support. (Currently, I do forecast a dead cat bounce from there) Furthermore, the ASX200 $XJO must close above or near the 200 MA (red line). If not, we are more likely heading for a bear market. One important thing to keep in mind is that the VIX is at a bearish high reading. This tells the mid-large fund organizations such as investment banks and hedge funds to reduce risk and exposure in their long/short portfolios. The good news is that we do have a TD 9 coming for the Vix and this signal a likely top for the short term. Therefore, like the hedge funds and investment banks, I am still only risking a small amount of money in the market. I will go big again WHEN the Vix is below 15 and price level can close above all moving averages. At the moment this price area is around 6666-6800. Glossary: VIX The S&P/ASX 200 VIX Index ( XVI ) calculates the amount of volatility expected in the market over the next 30 days. • High readings indicate uncertainty ( bearish ) 20-30 • Normal readings suggest a slight bullish bias 15-20 • Low readings indicate low volatility ( bullish ) and strong investor confidence. <14.99 Bear market A bear market is a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
ASX:XJOShort
by johninvest17
2
XJO ASX200, close above 20 MA (weekly) to be bullish againThe retracement that I was waiting for came this week and we went down fast and hard. This has made me more bearish than before in the short term. We could see an "exit pump" in the next few trading sessions by big investors/institutions and have the price level jump back toward the 20 moving average before going down further like the past. Therefore, for me to turn bullish on the Australia market again, I need to see the price level close above the 20 moving average on the weekly . "Green line" (around 6900-7000). If we break the 50 MA yellow line: -I will close all my open positions -Be out of the market -so I can buy great companies at a discount once this is over. -I will be watching that box around 6300-6400 as the first level of support. #cashisking. #warrenbuffet #valueinvesting
ASX:XJO
by johninvest17
CUE.ASX Simple Trend Line TradeThe setup is pretty basic: there has been a failed pennant which has returned to the long running channel and is heading back to support at 0.125. It may or may not get there, instead turning at the moving average, but it should getto the bottom trend line. I would expect after the price has consolidated a little that the trend will resume. Short term target is 0.150, but could be extended if the price continues hold the trading channel. Very important to keep in mind is that crude oil is selling off at the moment so that may weigh on this trade. Very important to keep a stop at 0.125 because the pants could drop off this in a hurry.
ASX:CUELong
by MadButcherWA
VRX.ASX Possible repeating patternI'm not so certain of this set up, but I'm keeping a close eye on it still. There is a large triangle that has formed in the price action which within it is playing through a series of peaks and troughs. If the cycle series is correct we could expect to see a bump in the next few days. The 200 day moving average was just crossed and now after hit a resistance level at 0.115 the price is reverting. possible that the price could pull back to 0.100 at the dotted line before it moves up again. I wouldn't expect it to go to the trend line again. If so, I would say that the repeating pattern has been made void. however as further confirmation we have a pickup in the volume to confirm the pattern so I think this could be a good trade. I believe that i will leave a stop at 0.100 and use an upper target of 0.165 and a lower target of 0.155.
ASX:VRXLong
by MadButcherWA
Looks like ASX:RAP is on the move again.Time to look @ renteringI've probably held this one back a little longer than I would normally, due to my personal bias of previously being burnt by it...But the charts are now too interesting to leave it in my watch list. If your not familiar with ASX:RAP they are producing a smart phone App to help diagnose respiratory conditions. Some recent news around TGA classification as a medical device has helped spur the price northward and it's now time for me to face my demons... If you remain unconvinced, perhaps add it to your watch list... Disclaimer: We do not currently hold this stock.
RLong
by TRADER-RI
TLG confirms change of directionOne of the most anticipated companies on the ASX with technology to held EV's has just confirmed it's bottom @ $0.37. The price has closed above both the bollinger band and Linear regression. More specifically the Linear regression is in a downward projection and for the candle to be out of it confirms that a change of direction on the larger scale of things. In the short term expect the price to touch $0.49 which is where the 61.8% fib line is. This information is based on my opinion of how I read the market.
ASX:TLGLong
by GlobalTrader_
SEI.asx continues the move higher as buyers step up the pressureSEI continues to drag in buyers to hold higher levels with clear skies up to the 0.10 Zone. Price oscillated around the 0.03 level before building a head of steam and cementing the trend higher. We expect the move to continue with a push through 0.06 in the coming days. ** If you enjoy our free content, please follow our profile, by hitting the Follow button, at www.tradingview.com to get further high quality ideas. ** ** Any comments and likes are most welcome and will be greatly appreciated. ** ** With high quality alerts and correct Risk Management, you can learn consistency and grow your account **
SLong
by TradeTheStructure
Possible SIS ASX Long Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 - 3 weeks Actions on - A – Activating Event Market will find support in zone @ Current Levels - .... and move to the 0.110 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 0.110 ASX:SIS Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.110 Target 2 @ .... Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
ASX:SISLong
by SMPTrader