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AUS200 (1H): Potential move northThis is a theory of curves setup (TOCS) ; looking at the price action of the AUS200. In TOCS, thee is usually a 55% chance of movement in the leading half of the curve (based on personal experience). Better than 50% is good in finding entry points for trend following positions. Zoom into the chart if text overlaps candles. The AUS200 has been curving up nicely. Of course charts don't obey these curves - that's why there is a remaining 45% chance of the setup failing. There is no target for an exit point in trend following. So, entry is the big issue. Exit points are determined by the market when price moves threw a trailing stop on a lower time frame. There is no prescription as to how to work that out because it depends on the price action in a lower timeframe. It is no possible to know that until if happens. What's in favour of a north side attempt? Always look higher e.g. the daily time frame where the RSI is in a deep trough and which will appear attractive to 'punters'. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
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by Captain_Walker
ETF:STW ASX200 key levels and trend lines analysis ASX:STW sharing my view on the STW Track Record – launched in August 2001, STW was the very first exchange-traded fund listed in Australia. Core Index Exposure – a potential core Australian equity exposure for investors. Diversification – low-cost exposure to over 90%1 of the Australian equity market capitalisation in a single transaction. Capture Capital Growth and Income – capture potential stock growth opportunities, dividends and franking credits offered by 200 largest, and most liquid, publicly listed entities in the Australian equity market. Rigorous Index Tracking – a rigorous investment approach that seeks to closely mirror the performance returns of the benchmark.
ASX:STW
by Peaceful-Weekend-Investing
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