REA - Will we get a chance to get in at a lower price?Volume divergence indicating (high probabilty) that we may have a cheaper REA share price soon. I'm eyeing the high 120's to low/mid 135's as support and a potential entry.
Australia
We have not closed below this level for months ASX200The trend is your friend, I am still bullish in this market,
however, we must hold the 50 moving average on the 3 Day chart "yellow line", currently sitting at 6400.
We have not closed below this level and 50 moving average for months....
ASX:KSS KLEOS Space SA - #KSS chart updateKleos Space, a space-powered Radio Frequency Reconnaissance data-as-a-service company, on the successful deployment of its first four Scouting Mission satellites (KSM1). Based in Luxembourg, the company only started three years ag
CSR Ltd (on ASX - green) vs peers HVN, GWA; indices XJO, XDJBuoyant CSR Ltd (on ASX - green) vs peers Harvey Norman (HVN), GWA Group (GWA); indices XJO, XDJ (light green), XBK (red).
HUMM - Is it ready to breakout with the other BNPL players?Technicals - Chart suggests Humm looks ready to jump on the back of the momentum in the BNPL space (ZIP, APT etc).
Looking for a break through resistance with a bullish candle which lilkley results in the resistance becoming strong support. Looks a good risk reward trade.
TLX - Bullish Technicals - High probability!Ive been looking for a high probabilty/good spot to trade TLX. Has been showing up in my scans for a while. This looks like the opportunity. Still only 1 billion market cap and has loads of potential.
Technicals - Bullish flag + acscending triangle pattern. Entry - Bullish candle breakout of flag/triangle pattern.
Fundamentals - Cutting edge of significant unmet medical needs in oncology & continues to aggressively pursue opportunities for the company’s suite of pharmaceutical products
Head & Shoulder formation - CGC !!Very obvious H&S pattern formation in the CGC chart. If the neck line breaks CGC may head a fair bit lower.
Interestingly, CGC, also peaked & started heading down after this ASX announcement:
cdn-api.markitdigital.com
make of it what you will.
Next move for AUDUSD seems bullishThe continuation of the uptrend is what I can foresee for AUDUSD .
So yes, it may be long for a looong time ;)
Wishing you a happy Monday in advance
Longing on ASX:BET - uptick started todayThe ASX market appears to be heating up.
Following on my other thesis on ASX marketing such as ASX:APT , ASX:CCP and ASX:Z1P , the other pick which I expect to see a lot of actions is ASX:BET .
There are a few catalysts for BET during the few weeks:
1. It has just completed a round of SSP with over subscription hotcopper.com.au
2. Its price action has started an upward trend ever since the Dec 2nd with large transaction vol on that day, and showing consolidation ever since.
3. Contrast with the Gaming/Online Sport books in the US market, most of which has gone up 30-50% since Dec, the deregulation of online sport betting in the US market should benefit BET as well.
4. The upward candle of Jan 21st apparently is testing its all time high at 0.795.
I am expecting BET to hit the 0.995 range before its earning release on Mar 2nd.
Full disclosure, I put my $$ behind my thesis and just built a position @ 0.77 with a 10% stop loss @ 0.7.
HTG - High Growth potential - Bullish Chart!Nice looking chart. Moving on strong volume. HTG is Still a relatively small market cap which could easily grow earnings quickly, particularly if the CV environment persists. Expecting continuation of bullish trend.
Key technicals - Breakout of wedge and all time high which likely acts as strong support moving forward.
Key Fundamentals - Leading Remote IT technology company focusing on the bullish resources sector. Will grow strongly for the forseeable (CV)+ moving into US and Europe markets is planned.
ridethepig | Opportunities in Hydrogen stocks📌 Another single stock opportunity... I will start posting a lot more of these as the feedback has shown it is working. For today we are tracking a very interesting flow that is finally coming into fruition.
Australia, Japan are advancing talks on hydrogen and a deal is around the corner. The breakout of the highs shows flexibility required and is an example of how to look at the important aspects rather than political noise. Momentum players here wish to play down an extension of the range, they wish to create for themselves an advance with reason and presence from the PM visit to Japan to make it a celebration.
Another 75% is necessary, despite the fact we are already up big. Buyers should continue to find the courage to resist taking profits and quietly continue loading. The target of 1.50 is possible here .
Thanks as usual for keeping the feedback coming 👍or 👎
HT8 - 30% upside - Bullish Technicals!The ASX online sector looks like its getting bullish again and is ready to run. With that in mind ive checked a few of the online ASX stocks like KGN etc and, imo, HT8 had the highest probabilty chart to achieve 30% +. HT8 is positioned well to capture any stimulus excess cash as it did in 2020. Still only 50 mill market cap.
Key Techinicals - Bullish flag is in play as well as a symmetrical triangle that is ready to break out.
Key Fundamentals - Totally online, Harris Technology (HT) has been rated as the top ranked market place seller on Amazon Australia by independent US market research firm Marketplace Pulse and is ready to capture any excess Gov stimulus. Additionally, Harris Technology Group Limited launched a Pro-Hygiene division distributing PPE products in April 2020. The company has recently expanded product coverage from the existing range of face masks, hand sanitisers, alcohol wipes. It has co-developed a foot operated hand sanitiser dispenser. Sales on Pro-hygiene PPE products has exceeded $1.4 million since launching.
NAB - Bullish for 2021 or ? Consensus is the market in AUS is going ahead for 21. With that in mind, If the XJO is going to keep on keeping on the banks are going to have to get bullish. With an obvious bull flag in the NAB chart it may be worth a punt.
Technicals - Bullish Flag, enter on bullish candle breakout.
Fundamentals - Housing in Australia is picking up again. Talk of the leveraged play being back in favour for investors (AFR). Low rates + retirees looking for yield.
AUDUSD BUY AND SELL trade Right now price is heading to 81 cents as this is a major resistance and is currently a 0.786 fib level and a long term bearish trend like so if price does not break this level we will see a bounce off that trend like and see bearish continuation for another 4 years till it bottoms out at 47 cents. Cant see that the recent bottom being strong enough as there’s not so much support/legs built there so. One more dip.
City Chic (CCX) - 20% + upside - Bullish Flag!City Chics Online penetration is likely to contniue for the forseeable (21) (covid environment).
Technicials - Bullish flag, enter bullish candle confirmation breakout.
Key Fundamentals - being a leader in the digital space + latest aquisition is leading to broader product offerings. Strong cash position.
British Pound / Australian Dollar (Bullish) I can imagine the pair to go up for a while from now on.
Set the target at first on 1.79850
And then on 1.84666
I'd love to read your feedback.
How do you see GBPAUD for the next week?
FX: GBPAUD
BOQ - Nice upside leading into earnings - Bullish Flag!!!Technicals - Nice breakout of bullish flag.
Fundamentals - QLD property is forecast to rise.
AUDCAD feels like dropping Hi guys
I guess AUDCAD may be short on its next move.
It'll go a little up and then drops down
So I guess we should get ready for selling trades.
AudUsd Long Audusd will continue to grow until it reaches the top of the channel once again. From my point of view, 0.76815 is a good target because it will become a future level of resistance. I don't know exactly if the market will manage to break it, that's why I aim for such a small target.
Our target is: 0.76815
Covid recovery VIX Volatility vs NZ50, ASX All Ords, SP500, IXICVIX Volatility Index over the pandemic recovery period, versus the New Zealand NZ50 Index, ASX All Ordinaries Index XAO, S&P 500 Index and the NASDAQ Composite Index IXIC.
