SMR - Showing StrengthSMR is showing strength and is expected to follow through to the upside. I am eyeing a potential 15% move to the upside at $0.985, where its global POC of Volume Profile lies. The price action is constructive and we may se continuation 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
MHC - Bullish Trade PlanMHC looks very constructive and Bullish. There is good volume coming in and the price action looks good. It is a Uranium stock and I expect price to follow through to the upside reaching my targets. My TP1 is 0.018 (potential 24% gain) and TP 2 (poential 48% gain). Lets see how it develops!
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AR9 - Bullish Trade PlanAR9 is looking strong after coming out of the downtrend line and forming a potential double bottom. Currently it is consolidating within a Bullish Pennant which is clearly a Bullish Pattern. AR9 looks strong and I am expecting a break of this bull pennant with a target of $0.470 (potential 33% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CXU - Breakout?CXU has fiercely broken out of its downtrend line and the price action coupled with very high volume is very constructive. Being a Uranium stock and the increasing prices of Uranium, this looks like it will continue on the upside on a tear. I am bullish CXU with a TP 1 of $0.055 (potential 25% gain) and TP2 - $0.068 (potential 50% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PAA - Trade PlanPAA is trading currently n a descending wedge and is struggling to close above long term trendline. If it manages to close in the given spot (Green Circle Buy Zone), then it may confirm a change in trend and may get bullish, as this is a very Bullish structure. We need to see good volume and a thrust to the upside for confidence. Lets see how it develops in the upcoming sessions.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NIC - Still more room to the downside?NIC is expected to drop further down towards its strong level of $0.725 IMHO. I think price may consolidate for a bit like it is currently for a further plunge. My buy zone is around $0.725, for a potential buying opportunity. Lets see how it develops in the next upcoming sessions.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
BUX - Trade PlanBUX has reached strong support which is also the global POC of Volume Profile. We need a bit of bullish price action confirmation before taking a buy position, so far the price action looks good. If price consolidates at the current level around $0.070, then we could see price going higher. I will be monitoring price action and once confirmed will take a long position with a target of $0.100 (potential 32% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SZL - Is it time to get Bullish?SZL may be giving another buying opportunity as it has bounced off for the 3rd time off its trendline. Currently it lacks momentum, but if price picks up or even consolidates at the current levels above the $6.30 zone, then we might see momentum picking up. For this scenario, the low must hold, and it could target the next Resistance level of $8.40 (potential 25% gain). Lets see how it develops in the next sessions.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
VVA - Reaching SupportVVA has reached a very good support level now, which is also the global POC of Volume Profile at $1.600. MACD is also forming Bullish Divergence which indicates that the bearish momentum might be coming to an end. We might see a thrust to the upside. If price breaks the downtrend line to the upside along with High Volume, coupled with MACD cross, this would certainly be a buying opportunity and a possible change in the Bearish trend.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ALU - Trade PlanALU slumped hard but there could be another opportunity to buy it. It has closed the gap now but looks like it may consolidate a bit before going higher. It is currently forming a Bull Flag which is a very Bullish sign. My second scenario on this is that it may fall further towards the POC of Volume Profile around $27.00. My second buy zone is between $25.00 and 27.00, where it may provide an excellent buying opportunity. I will be monitoring ALU closely for either of the scenarios to play out.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NWE Magnificent Break OutHappy to finally see this one ascend.
I am holding for more than my initial target of 0.017, which was surpassed today, closed today at 0.018.
SSM - Triple Bottom Looking Strong.SSM broke out of the downtrend line in late June 2021, and rallied and formed a high of $1.030. This indicates its end of the downtrend. The current pull back has retested support and bounced off as of lately and forming a triple bottom pattern which looks quite bullish. I would be targeting the previous high of $1.030 (potential 16% gain) with a hard stop below the triple bottom support at $0.810.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
88E - Trade Plan88E is in a pull back phase. The current level is a decent support which is also a trendline support zone. If price action gets bullish at the current level, between $0.030 - $0.033, I may take a long position. If price fails at the current support and drops, then my 2nd Buy Zone is between $0.020 - $0.023 level. I may wait for bullish price action with confirmation to take a long position.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AWC - Trade PlanAWC has broken out of its downtrend line and rocketed higher last week without any pull back. It may find resistance up in the $2.100 zone, and any pull back lower shall be a great buying opportunity. My area of interest is the old broken resistance zone between $1.780 - $1.80. Lets see how it goes.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LPI - Good Buying Opportunity!LPI has pulled back towards it trendline support and has bounced off once. I believe it is expected to consolidate for a bit and continue its move to the upside. I am bullish LPI with my first target of $0.350 (potential 28% gain). Keeping in consideration the Bullish trend in Lithium, we could move much higher. My second target is $0.445 (potential 55% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
APX - Trade PlanAPX has been consolidating for a while but the price action is very telling. It plummeted hard since August 2020 after making a peak around $44.00 all the way down to $11.00 in May 2021, ( a Fibonacci retracement of 78.6% since its IPO). The recent price action indicates that the trend may have changed after it broke out of its downtrend line coupled with High Volume. Since its recent high of around $14.70, it pulled back to 78.6% and forming a potential double bottom which indicates that there is very good support. The global POC of its Volume Profile is at $12.40, which is also a good level of Strong Support. There is bullish divergence on the MACD which is a sign of exhaustion of Selling momentum.
I am bullish APX and expect price to thrust higher. My target is $18.30 with a stoploss below the double bottoms at $10.80.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
KMD - Trade PlanKMD has been in a nice uptrend but is currently pulling back. It has approached a strong support level and could provide a good buying opportunity. If we see price consolidating and stays supported here, I will take a buy position once bullish price action is confirmed.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SFR - Trade PlanSFR has pulled back and is approaching its strong Support Level, This zone coincides with the POC of volume profile and also trendline support, therefore it could likely bounce off the zone. I will be monitoring price action and will buy after bullish price action confirmation.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AX! - Could we see a bounce?AX1 has dropped hard but is now reaching towards a strong support zone. We could see a potential bounce in this zone. I will be monitoring price action and will buy once bullish price action is confirmed in the Support Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CKF - Trade PlanCKF looks quite strong and showing high volume off support. The squeeze of the Bollinger Bands indicate that price may be ready for a thrust to the upside with good momentum. I am targeting the Resistance level of $13.13 for this trade for a potential 10% gain.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Brambles - Wedge/Triangle Pattern has to be respectedBrambles is one to keep an eye as the range tightens inside the triangle pattern. breakout is coming soon.
Which way it breaks your guess is as good as mine, however, if we go off the last decade of BXB chart patterns we should see a bullish breakout.
Additionally, Todays trading update: www.asx.com.au looks promising.
5GN - Trade Plan5GN has decisively moved up against the downward trendline with strong momentum and High Volume. This indicates a change in trend. Price may continue to move higher but if it finds resistance along the way and retrace lower, it may provide a great opportunity to buy. It may be heading towards its resistance level of $1.250.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
GWR - Trade PlanGWR is pulling back and seems it is very oversold as the RSI is in the Oversold region. It has reached potential support but looks like it is still under selling pressure. My plan is to buy this dip once bullish price action is confirmed.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.