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AUS-USD (uptrend)Quick Trading Journal Entry: Uptrend expected, to the upper line on the orange rectangle-condensed trading zone (resistance at the blue horizontal line, 0.76417 ). Major resistance at red horizontal line (0.78422). Expected peak of the uptrend, around: October 31st , with the relative strength index peaking at the 80% marker. The R.S.I also broke out of a long downtrend (green line). Breaking above 0.78422 would be unlikely , since the R.S.I at the point would be overbought, above 80%. Divergence is a possibility, with a peak around November 10th. Trading is expected to stay within the purple parallel lines though, for both the Price chart and R.S.I Chart. The pink circle on the relative strength index could predict an "M" bearish pattern signifying a possible immediate downtrend.
Long
by marcosdaunte
COBALT ETF (ASX:JRV+ASX:COB+ASX:CLQ+ASX:CLA+ASX:AUZ+ASX:ARV) I've created a list of companies to represent the price of Cobalt Mining Stocks on the Australian Stock Exchange, similar to an ETF. Cobalt appears to be in early stages of a market cycle with utility across high-growth technology/industrial sectors: electric vehicles (lithium-ion batteries), semiconductors, renewable energy, etc. Please do your own research before making an investment decision, this is not financial or investment advice. Due diligence is important.
ASX:JRVLong
by AaronHynninen
4
Z1P - A closer look at the Falling Wedge !What will happen in the week ahead for Z1P ? My guess is as good as yours, although I am leaning slightly to Z1P validating a counter trendline break as the money rotation slows. The 0.618 retracement has been respected as resistance a number of times inside the falling wedge, as a result the $8.50 - $8.70 is worth watching closely. Additionally, Z1P at the longer time frame retracement (0.618) level is starting to get confluence in an oversold stoch, RSI, lower time frame MACD divergence as well which should act as strong support.
ASX:ZIPLong
by rutt
Your stomach in knots? Maybe these could cheer you upI am sure this is not the best time to make stock pick. But the market is actually not as bad as it may seems. If I look at my recent pick, actually only the china related stocks like BEKE/YSG are down because of the downtrend sentiment with nasdaq. If you look at my pick in ASX, all of the are still up since my recommendation, actually way up. One of the thesis I like a lot is about post covid recovery. I made some pick on travel and resources and they still hold strong. And today I want to make a few more recommendation on properties REITs because of a few reason - unemployment and spending will improve post covid, people would definitely look into the property market again - Australia gov is loosening the immigration policy to attract high income immigrants from Hong Kong, China and South East Asia which would drive an upward demand on property. - stock price of property REITS are still way below water compare to mar-2020 when the stock market melt down. There are a lot of REITs available in the ASX market, and I am just sharing a few which contain a good mix of residential, retail and industrial. Of course i like their recent price action on the charts. I personally would spread an equal amount of investment across these three and look for at least 30% gain in 3 months. ASX:VCX ASX:SCG ASX:MGR Good luck guys.
ASX:VCXLong
by Squishybrain
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.
HLong
by rutt
2
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.
ASX:NABLong
by rutt
4