STO, Santos Limited - Breakout on Cup & HandleTechnical analysis is applied in all regulated financial markets, and the higher the capitalization, the more we get the statistics of Winrate % and Risk Reward that we know and that is why we filter certain companies based on their economics.
Our strategies use classic technical analysis, spreads on some commodity futures, the purchase of shares with options hedging, the sale of options and some special strategies in Forex.
Everything always starts from the allocation of capital according to a certain model of money management.
Only with the strict discipline of all this you can be profitable in the long run.
Do not believe in fairy tales if you plan to make steady profits over 40% per year, it's just luck that it will end soon and very badly.
Australia
Australian dollar possible short term upwards correction Australian dollar possible short term upwards correction but are we going to see a continuation of the down trend?
The Australian dollar has been under pressure from a strong USDOLLAR and persistent weakening of monetary policy in the region. I'd expect to see some pullback here and see what happens as it could continue sharply lower as we have seen this year. If we continue making higher highs expect a quick return to the 0.695 where a test will be made a probably test the low again.
"ASX: long vision in the short term" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the Support Zone.
- Price broke the Descending Trendline.
- Now, it has potential to move up towards the Resistance Zones.
However, in the Long Term we have a short view. Take a look!
Weekly Vision:
Daily Vision:
Updates coming soon!
Further falls expected on ASX index?After reaching all-time highs previously set in 2007, the ASX:XJO has formed a significant bearish candle on the monthly chart.
The bearish engulfing candle on the monthly chart has formed at the convergence of the of the 2007 all-time high, and the upper channel of the range the ASX:XJO has been trading in since 2009.
This could potentially signal the beginning of a multi-month (or year) decline in the index. Or of course - to give the classic contradictory financial forecast - it could be a "healthy" retracement before forming new all-time highs.
Good luck!
"AUDUSD: down move coming" by ThinkingAntsOk4H Chart Explanation:
- Price is on a Macro Descending Channel.
- Price broke an important Support Zone (now Resistance Zone)
- It is currently on a Bearish Corrective Structure.
- If price breaks it at 0,673, potential to move down towards the Fibonacci Levels.
Check out our Daily and Weekly Analysis.
Weekly Vision:
Daily Vision:
Updates coming soon!
Telstra increasing in price! With Samsungs Galaxy Note S10 5G and the beginning of 5G technology, Telstra will be thriving to dominate in the new 5G market. Already Telstra has sold many new Galaxy Note S10 phones, hinting that 5G will soon be in demand. 5G will be a big expense but can easily be profitable due to what 5G will be supporting such as remote surgeries and Artificial Intelligence. 5G only has a radius of 150 meters, meaning the cost will be more than 4G and will only be in cities until further technology is researched.
This is a massive opportunity for Telstra and one that they will not miss, Samsung phones are thriving in sales and only need more 5G antennas to support all features of the phone.
My intentions towards Telstra is to Buy Long and remain a holding owner until 5G has reached its peak price thus slowing Telstra's revenue. This is due to everyone having 5G and becoming the norm, similar to how 4G is today.
"ASX in new highs since 2007: what's next?" by ThinkingAntsOkDaily Chart Explanation:
- Price is against the Weekly Ascending Trendline.
- Price is on a Micro Ascending Trendline.
- Bearish Divergence on MACD.
- If price breaks the Ascending Channel at 6740, potential to move down towards the Support Zone at 6400 and, then, to the Bottom of the Ascending Trendline at 5620.
Our Weekly View support this idea. Check it out!
Weekly Vision:
Updates coming soon!
S&P/ASX 200 Breakout, Wave 3 rallying up to 8400 and then 11600
ASX 200 has finally broken out of Wave 2 correction, Wave 3 shall rally up to 8400, which is 1.618 extension of Wave 1.
If ASX 200 behaves similarly to what happened after 1987, this Wave 3 will go up to 1.618 extension and drop from there temporarily, and then rally all the way up to at least 2.618 extension of Wave 1, which is 11600.
Possible MEB 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 0.040 . 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 @ 0.040
ASX:MEB
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.040
Target 2 @ ....
Risk/Reward @ 1.5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
NCM Kissing the 1.618 fib levelHey guys its bokchoininja here bringing you another analysis. This time we're doing NCM. Newcrest mining looks about to break out of resistance unless we see a pull back by tomorrow when the action starts. Newcrest is looking poised to hit the 2.618 if we do break above the resistance zone. If we just kiss the 1.618 we are looking to fall down to the love heart box at the 0.618 level. Check out aweeboneshTV on youtube for more content!
Short it to the fib levels! FMG shares AustraliaHi guys its bokchoininja here with another fibonacci analysis. In this analysis I highlight three critical zones of support and resistance predicted by good old fibonacci ratios. We had a nice kiss on the 1.618 level and are struggling to break past the current resistance zone. If we do break past we are headed upwards but the resistance box is where i have my buy orders. Check out my youtube for more info AweeboneshTV :D.
RIO Big Picture Fibonacci zonesAs you can see mining stocks have been hot in australia for 2019. However there is a lot of resistance coming up shown by the aeroplane box formed by fibonacci extensions. I would short rio in this box and wait for a pull back either to the 0.382 or 0.618 fib extension. If we break this resistance or eventually retrace back to the penguin box, I would have my eyes on the rocket box way up there.
BHP Resistance and Support zonesAs you can see the price is getting very close to the fibonacci zones drawn on the chart. We can expect to see a pullback to the lower box if we do not break above the upper resistance box. That being said If my short does not go to plan and we break above we are targetting higher highs. Check out my youtube channel at aweeboneshTV for more ideas :D