Get started

Australia

Short ASX - Recession inboundASX topping out, creating multiple bear divergences within a large, multi year bear flag. Orange line = height of ASX pre gfc. Red line = pre recession support Blue lines = first lot of targets. Along with the housing bubble, potential future issues with loan repayments (i.e. those who took out interest only loans), along with the flat cash rate and wages not meeting inflation and gosh so many other things, Australia's recession may occur in 2019 with major repercussions in 2020. I am not a financial advisor or some analyst of any kind. Just a guy who's interested in macro-economics. Whether I am right or wrong, it would be very interesting watching the next 2-3 years unfold.
ASX:XJOShort
by rarea
Australian Cannabis Penny Stock: MCLAustralian Cannabis Penny Stock: market looks a little over extended leaning towards overbought. Massive accumulation phase before huge pump cycles. Market is over 200 sma bullish, Retest of 618 fib expected, if successful bounce from 618 support and break threw ichimoku cloud, then enter a long position, marker will be confirmed bullish. For best entry wait until we retest yellow support trend line. Good news could easily see us propelled to 0.26+ continuing bullish trend
QLong
by console
TAW - Holding Support 5/5Support 40c, Resistance 47c, 50-52c Was able to hold support at @ .40c mark. Small downtrend as of the last few weeks, looks like a reversal is coming, perhaps a period of accumulation around the 40c (support) - 47c (resistance) mark. Gaped up to 43c due to lithium shipment ann. Ann on time, everything proceeding as expected, thus no huge increases as of yet. Market would be looking for FA that signifies higher grades of lithium thus payed better money for shipment. Expected to receive $880/t, anything higher would be a great sign. Also any higher production figures for the coming months will also be a catalyst. Conclusion: Optimistic: Accumulation for a period roughly 3 weeks? Within that time FA should provide lithium delivery, grade & payments, Mays shipment in tonnes. Hopefully this is a catalyst to reak the 47c resistance and build a new support line. Pessimistic: Accumulation and support keeps getting tested. If broken possibly move down to 36.5c (small gap down * previous small support), then down to 33c. Strategy: Looking for a higher support level. Long term hold
TLong
by BrandenKamp