Flight Centre Bullish Trend ?FLT is one of most populer Stock to trading, now we look at the chart the trend is bullish, how to catch the bottom? now i look you can have a plan buy on weakness at 17.65 area bottoming, if reverse, that will going up to close the gap at 35.50. Are you have a same idea? , Comment in below, The Story still good for FLT because Australia will be reopen flight for international on end of november or December, so follow this story and take your Profit!!
Disclaimer On
Australia
AUSTRALIA COVID-19: Too quiet about it.Based on the model, Australia is in an extended huge wave of COVID-19, which built up since its winter in June. the past two weeks spiked even more.
Interestingly, we hear very little about it. It did jump significantly over the past two weeks.
The ASX looks goodMonthly chart for the ASX (Australian market)
Green ovals show the clear bull rejections along the major trendline which has been recently tested and is breaking out to the upside
I have labelled the chart patterns - I am unsure however if the 'Symmetrical triangles' are really that or Rising Wedges, so take that with a grain of salt
REA - Cup and Handle PatternKey Technicals - High probability trade here with the REA chart showing a Cup & handle pattern. Looking to buy on breakout (top of cup) with above average volume or on the breakout retest as resistance becomes support.
Key Fundamentals - Governments likely make sure housing recovery keeps on keeping on.
FMG / Fortescue holding supportFortescue has been in a steady downtrend since the drop of iron ore prices in August. Since October, however, it was able to hold support at around 14 over and over again. With the recent drop in SGX:FEF1! this especially notable.
I am fundamentally bullish on Fortescue due to its fundamentals (balance sheet, green hydrogen ambitions, autonomous hauling) but it's hard to find a good entry point with iron ore prices plunging this rapidly.
AUDJPY SwingHey Traders, i'm monitoring AUDJPY for a buying opportunity around 85,00 zone in the daily supply and demand zone.
in the same time i still see some JPY bearish behavior in this period.
Once we will notice any bullish confirmation the trade will be executed!
Trade safe and use proper risk management.
Elliott move on AussieHere's an update going back from the move in my profile back in April.
In simple form here's the higher Timeframe view;
Then the 5 down giving a corrective move and fib levels back to the 1.618
New start on the smaller wave count;
Starting with the count - not a fan of the 0-1 move here; Meaning it could still be in corrective mode if we near the low again.
Extension sweet spot around 0.77720 level.
Pullback 4 would be worked out later (but forecast wise) I would guess here.
Thus giving a pattern up looking like this making it's 3rd wave completion.
Which means we are likely about to start the 4th wave of the inner move up.
Giving us a downside target here in this region.
Advanced Get showing a weekly 4 up here and we are inside the 3rd wave up (agreeing with the concept)
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Which means my overall bias is long, but in the short term taking a short down an ABC on the smaller TF's and then long for the long run at the retracement low.
ALL RELATED IDEAS ARE EDUCATIONAL HERE
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
MegaPort - Bullish Flag - nice upside!!Technicals - bullish Flag , highest probabilty entry is bullish candle on volume spike above $18.
Fundamentals - ''Cloud computing growth'' The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate ( CAGR ) of 17.5% during the forecast period.
www.globenewswire.com
Symmetrical Triangle Setup on AUDJPY with a Target of 83.50Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The FX Cross AUDJPY appears to be in a symmetrical triangle setup with the support line along the higher lows of 77.87 and 78.80 while the resistance trend line is at 82 and 81.35. There appears to be a breakout in the resistance trend line. Expectations are for AUDJPY to rally towards 83.50. Failure of this move will be observed if AUDJPY declines towards 79.75.
Technical Indicators
AUDJPY had positive crossovers on its short (50-MA) medium (100-MA) and long (200-MA) fractal moving averages. The FX Cross is trading above these respective MAs. Technical indicators are also complementing the bullish nature of the current setup. The RSI is trading above 50 while the KST recently had a positive crossover.
Recommendation
The recommendation will be to go long at market, with a stop loss at 79.75 and a target of 83.50. This produces a risk/reward ratio of 1.35.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in AUDJPY.