Get started

Asxlong

AU200AUD to form a higher low?AU200AUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the bullish momentum. The measured move target is 7850. We look to Buy at 7760 (stop at 7720) Our profit targets will be 7860 and 7885 Resistance: 7800 / 7835 / 7850 Support: 7775 / 7760 / 7750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
ASX to continue in the upward move?AU200AUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the bullish momentum. We look to Buy at 7750 (stop at 7718) Our profit targets will be 7830 and 7850 Resistance: 7800 / 7825 / 7850 Support: 7775 / 7750 / 7725 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
ASX dips continue to attract buyers.AU200AUD - 24h expiry Price action looks to be forming a bottom. Short term RSI is moving higher. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7650 will confirm the bullish momentum. We look to Buy at 7600 (stop at 7560) Our profit targets will be 7700 and 7725 Resistance: 7650 / 7675 / 7700 Support: 7625 / 7600 / 7575 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
Bullish potential and potential breakout detected for SPKLooking at afternoon trade, SPK represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position, considering breach of recent resistance levels aligning with technical indicators of RSI and DMI. Relative strength in the Midcap 50's as well as the communications sector (XTJ) adds further impetus to the trade. Personal stop loss for the trade would be beneath the low of the recent swing on 30-Oct (i.e.: below the low of $4.50), which is also below both of the 10 and 30 day moving averages, and will track the increasing 30 day moving average as the trade continues.
ASX:SPKLong
by Ivory_Wolf
WBC short term longI'm no charting expert however this seems glaringly obvious. Formation of a triangle squeezing price for the next bar or two and there should be some movement, in this case I'm predicting movement upwards. Keep an eye on volume, if there is more than avg volume it solidifies the upward trend in the short term. Disclaimer: I entered approx Nov 2022 at AUD 24 and am looking to recoup my cost. Macro view: I expect RBA to keep interest rates high (maybe one more rise) for the coming 2024-2025, which does not bid well for the banking sector
ASX:WBCLong
by Stevethepirte
3
Bullish potential detected for HHR - an oil and gas playIn the context of a 'down day' on the ASX market, aligning with crude oil futures (CL) appearing to successfully test support levels of $82.06 on a 4 hourly chart, HHR is holding up well and represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price is currently testing prior resistance (potentially now support) of $0.029, aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be below the low of this channel formation (i.e.: below the low of $0.022).
ASX:HHRLong
by Ivory_Wolf
Bullish potential detected for BOTFollowing a few stocks in the ASX of particular interest, BOT represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price is currently testing prior resistance (now support) of $0.14 and thus far intraday is also achieving good support from the $0.14/$0.145 level, aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the low of the recent gap-down on 26-Sep (i.e.: below the low of $0.115).
ASX:BOTLong
by Ivory_Wolf
2
The swing low could be in for the ASX 200 (XJO)The ASX 200 suffered its worst day in 10-week on the final day of May, thanks to weak China PMIs and month-end flows. The first day of June posted a very minor (almost sheepish) gain, but with a positive lead from Wall Street and SPI futures higher by ~0.66% overnight, the ASX is expected to extend its rise from the lows. The fact that the lows formed around a 61.8% Fibonacci ratio 7070 support level alongside a bullish RSI divergence could bode well for bulls over the near-term. From here the bias is bullish above last week's low and for a move to the 7200 area, within the channel. But as the channel appears to be corrective in nature then we also see the potential for it to head for (and break above) the 7300 highs. But as we're a period of the year notorious for fickle price action and lower trading volumes, traders might be wise to remain nimble and seek smaller moves unless a large macro theme arrives worthy of expecting broad-range expansion for global markets.
ASX:XJOLong
by CityIndex
ASX: SPQ - 100% in 18 Months!(ASX: SPQ) Superior Resources Limited is an Australia-based mineral exploration company. The Company's principal activities include exploration of lead-zinc-silver, copper, gold and nickel-copper-cobalt-platinum group elements (PGE) deposits in northern Queensland. The company also owns interest in the projects of Deep Yellow Limited. SPQ Recently raised $4 Million AUD via a share placement, where "sophisticated" investors where given the opportunity to purchase shares at a value of $0.03 per share. For every standard share purchased, the investor we're given 1 option with a strike price of $0.06, expiring 18 months from now. The lead manger for the prospectus is Whario Capital, which seems to be a very lucrative investment firm, who is a corporate authorised representative of Redleaf Securities. A number of shady individuals have been given access to this opportunity, one of whom has been charged and fined for dishonest conduct on the ASX. A number of these holders are either running small investment firms in order to purchase these securities, or they're doing it under there name. This "Idea" isn't based on the companies financials, the company itself seems extremely dodgy, because this isn't their first time offering options to select individuals. They claim that the $4 Million raise is to fund their existing projects and to hopefully propel them into stage 2 of a number of their projects. Their is a huge opportunity for retail investors to do their own research on this company, and potentially follow the smart money to a somewhat healthy return.
ASX:SPQLong
by boiledpeas
Sympathy bounce for the ASX 200?Whilst prices are expected to open lower, we’re on guard for a small countertrend bounce. A bullish hammer formed on the daily chart at the lower Bollinger band which found support at the 50% retracement level and 200-day EMA. A bullish divergence has formed on the RSI (2) within the overbought zone. A break above yesterday’s high could potentially see it retest the 7275 low, or the monthly pivot point around 7300. If we managed to bounce that far, we'd then look for signs of weakness for a potential swing trade short, given weak sentiment for global stocks and the tendency for stocks to underperform around this year due to "sell in May and go away" seasonality. A break of yesterday’s low assumes bearish continuation.
ASX:XJOLong
by CityIndex
ASX to find support at recent swing low?ASX200 - 24h expiry - We look to Buy at 7316 (stop at 7266) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Short term bias has turned positive. We look to buy dips. Further upside is expected although we prefer to buy into dips close to the 7310 level. Our profit targets will be 7436 and 7466 Resistance: 7435 / 7600 / 7815 Support: 7305 / 7215 / 7120 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
ASX to find support at previous swing high?ASX200 - 24h expiry - We look to Buy at 7270 (stop at 7220) Previous resistance level of 7272 broken. Our short term bias remains positive. We are trading at overbought extremes. A lower correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 7390 and 7420 Resistance: 7435 / 7600 / 7815 Support: 7305 / 7215 / 7120 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
ASX crucial support continues to hold back bears.ASX200 - 24h expiry - We look to Buy at 6910 (stop at 6860) We are trading at overbought extremes. A lower correction is expected. Short term bias is mildly bullish. The trend of higher lows is located at 6881. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 7050 and 7145 Resistance: 7145 / 7320 / 7600 Support: 6860 / 6660 / 6405 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
1
BetaAUS200 showing a strong buy signal to 143.00 but first...BETAAUS200 Formed a W Formation. We still need a strong break above the neckline before we see any potential upside. 7>21>200 RSI >50 Target 143.00 Bullish ABOUT: BetaAUS200 is a financial term that refers to the beta (a measure of volatility or risk) of the Australian Securities Exchange (ASX) 200 index. The ASX 200 index is a benchmark index that tracks the performance of the top 200 companies listed on the Australian Stock Exchange, based on market capitalization. The beta of the ASX 200 index represents the sensitivity of the index's returns to changes in the overall market. A beta of 1.0 means that the index's returns are perfectly correlated with the overall market. A beta of > 1.0 shows that the index is more volatile than the market as a whole, and a beta less than 1.0 indicates that Investors and analysts use beta as a tool to assess the risk of an investment and its potential returns. A higher beta indicates greater potential for returns, but also greater risk of losses, while a lower beta implies. In the case of BetaAUS200 asset it will seek to replicate the performance of the ASX 200 index. I believe this has the aim of providing investors with exposure to the Australian stock market. When you analyse a beta of such a product, investors can assess its risk relative to the broader market and make more informed investment decisions.
ASX:A200Long
by Timonrosso
ASX to find buyers at market?ASX200 - 24h expiry - We look to Buy at 7490 (stop at 7455) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. The medium term bias remains bullish. Preferred trade is to buy on dips. Further upside is expected although we prefer to buy into dips close to the 7490 level. Our profit targets will be 7585 and 7870 Resistance: 7590 / 7870 / 8325 Support: 7340 / 7140 / 6980 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
1
ASX offers good risk/reward at market.ASX200 - 22h expiry - We look to Buy at 7468 (stop at 7411) The medium term bias remains bullish. Bespoke support is located at 7468. This over-extended move shows no sign of slowing. Preferred trade is to buy on dips. Our profit targets will be 7588 and 7625 Resistance: 7531 / 7588 / 7620 Support: 7468 / 7447 / 7395 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
Buying ASX at market.ASX200 - 24h expiry - We look to Buy at 7105 (stop at 7065) We are trading at overbought extremes. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 7220 and 7280 Resistance: 7340 / 7590 / 7800 Support: 7140 / 6965 / 6860 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:AU200AUDLong
by OANDA
1