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IDENTIFIED LONG ENTRY AREA - RIO TINTO LIMITED - RIO - WEEKLYThis time we look at the RIO's price in the Australian Stock Exchange ASX. The black horizontal line is potentially the strongest support ever. Price has strongly failed in the past to go under it. The curve is coming back around those prices which probably pictures a buying zone. It might probably interesting to buy while in the square and exit when the price goes back again above the up trending black dotted line. Wanna Share Your Thought About This Idea ?
ASX:RIOLong
by Diallo_Charts_Ideas
1
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
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
Australia [ASX 200] - 2021 weekly chartPurple = weekly Blue = Monthly Orange = Daily Hello Traders and Analysts, The following analysis will be in depth to explain the out look of the Index and Based on what merit? Being a commodity based currency we need to analyse the US and commodities as Australia a produce of raw materials. The Australian economy is commodity based but also well suited to self-sufficiency in some aspects from raw material production, construction but relies on Tourism and exports to keep the Aussie afloat. With the ASX correlated with the S&P500 - we expect the ASX to over extend the Fibonacci targets to the upside into 2021 upon the global recovery. XAG We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00. Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of the reluctance for the demand of the Commodities . However, this produced a demand zone to hold from so we have a buying opportunity. This imbalance was created in which created the impulse. Price re-established itself now between $22-27 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed. The long term wider chart is available below; XAU Daily longs are still in play after Weekly longs Monthly long Retrace is occurring on the weekly time frame - but can this be building up Fibonacci level aligns of 50% around 1939 and 61.8% at 1907.00 USD. This retracement zone will show a great long identification Retrace needed to to confirm liquidity from the strong demand. Current market at play for XAU USD S&P500 from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure. Where price had a low of 2182, this significant point to me, showed the imbalance between the previous Fibonacci extension points 1.786, 1.618. This was essentially fulfilling the swing high and creating a swing low. Refer back to 2007-08 on the chart to see the imbalances - where; the blue Ellipse - shows the 2008 rally distribution beginning to take effect. The Red Ellipse - shows the pivotal 1.7186, 1.618 full retracement zones - where the "china trade war" and "coronavirus" fundamentals took place for the index to fall back in line. The current bullish momentum will be created from the stimulus coming further into 2021, presidential change and USD index or DXY being suppressed. This projection offers the rate of debt the debt market cycle has not been reacting negatively yet with yields still intact and further debt creation to refinance debt obligations . Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. Pure imbalance trades - with further explanations on the graphs to understand. If you like our work, please leave a like or comment. Many thanks, Team LVPA.
ASX:XJOLong
by LupaCapital
1
PNV.ASX flag break for possible $2.80 test. Hello Fellow Trader! PNV.ASX flag break for possible $2.80 test. breaking out of flag with strong sell off into close. A hold above $2.50 would be a great opportunity to target $2.80. PNV.ASX - Polynovo LTD is an Australian-based medical device company that designs, develops and manufactures dermal regeneration solutions using its patented NovoSorb Biodegradable polymer technology. Key Points: - Price holding above the 200 EMA - Price holding above the 50 EMA - RSI above 50 mid-point - Flag broken of upside Key Levels: Support - $2.50, $2.38, 50 EMA, 200 EMA Resistance – $2.60, $2.80 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.51 Supporting Entry – $2.55 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 2.38 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.51 – Target 1 $2.80 = 2.2x Reward to Risk Supporting Entry $2.55 – Target 1 $2.80 = 1.5Reward to Risk
ASX:PNVLong
by tradetheday
Bullish Flag Pattern for ABP.ASX Targeting $3.50Hello Fellow Trader! Price pierced through resistance ($2.87) with volume and cleared the range where it’s now coiling above under the 200 EMA. ABP.ASX has not touched the 200 EMA since the pre Covid drop. ABP.ASX – Abacus Property Group is a diversified property group specialising in Australia’s core commercial sector including office, retail, and industrial properties, self-storage facilities and property development ventures. Key Points: - Price hugging the 200 EMA - Price holding above the 50 EMA - Drop in volume within the flag - Increased volume spike during the impulse drive - Pierced through multi – month range - Targets using Fibonacci multiples of prior impulse Key Levels: Support - $2.87, $2.79, 50 EMA Resistance – $3.00, $3.25, $3.50 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.93 Supporting Entry – $3.01 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below $2.79 or below 50 EMA– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.93 – Target 1 $3.25 = 2.3x Reward to Risk Optimal Entry $2.93 – Target 2 $3.49 = 4x Reward to Risk Supporting Entry $3.01 – Target 1 $3.25 = 1.3x Reward to Risk Supporting Entry $3.01 – Target 2 $3.50 = 2.5x Reward to Risk
ALong
by tradetheday
WSA.ASX Closes Above Trendline Target $2.50Hello Fellow Trader! Nickel index quite strong last week increasing by 6% and potentially heading to test August highs. WSA has been supported at the 61.8% Fibonacci retracement closed above a multi-month trend line with volume. Western Areas Limited is an Australian based nickel sulphide explorer and producer with its core 100% ownership asset in Forrestania Nickel Operation. Key Points: - Caution - Price holding below the 200 EMA - Caution - Price holding below the 50 EMA - Would like to see price hold above the trend line and protect $2.20 - Fibonacci 61.8% retracement support (March low – July high range) - RSI breaking trend, 50 mid-point, and range simultaneously for momentum - Price must hold $2.20 and signal with bullish candle or if 21 EMA crosses 50 EMA. Key Levels: Support - $2.10, $2.20 Resistance – 50 EMA, 200 EMA, $2.50, $2.80 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.21 Supporting Entry – $2.25 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below $2.02 – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.21 – Target 1 $2.50 = 1.5x Reward to Risk Optimal Entry $2.21 – Target 2 $2.80 = 3x Reward to Risk Supporting Entry $2.25 – Target 1 $2.50 = 1.3x Reward to Risk Supporting Entry $2.25 – Target 2 $2.80 = 2.5x Reward to Risk
WLong
by tradetheday
WEB.ASX Webjet breaking out of $4.00Hello Fellow Trader! WEB.ASX sitting inside the channel awaiting any type of Covid related vaccine news for possible expansion. Key levels broken at $4.00 with volume support now testing resistance at $4.20. A breakout could suggest $5.00 target at a minimum within the trend channel. WEB.ASX bottomed out in April but failed to break the low soon after. With Australia’s aviation industry dormant and earning season completing, price was not able to break the lower suggesting we could have witnessed the bottom. Key Points: - Price holding below the 200 EMA - Price holding above the 50 EMA - Fibonacci 61.8% broken and heading towards 78.6% (June high – August low range) - Volume increasing supporting price appreciation Key Levels: Support - $4.00 Resistance – $4.20, $5.00 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $4.00 Supporting Entry – $4.21 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 3.74 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $4.00 – Target 1 $5.00 = 4x Reward to Risk Supporting Entry $4.21 – Target 1 $5.00 = 1.5x Reward to Risk
ASX:WEBLong
by tradetheday
ORE.ASX weakness may continue through $2.20Hello Fellow Trader! ORE.ASX - Lithium producers have been some of Australia’s favourite stocks for several years supporting the worlds change turning to renewable energy in the battery space lead by Elon Musk and Tesla. Last weeks Tesla Battery Day was hyped up to be an extremely positive presentation that would skyrocket lithium back into the Australian headlines. Sadly, Elon mentioned how Lithium is not scarce and they have also found ways to extract the commodity from the ground using salts in a more environmentally and efficient way than any other producer. This signaled panic and hinted a disconnect from the Australian lithium market which include ORE. Overnight, Albemarle Corp and FMC Corp (two of the largest lithium producers on the New York Stock Exchange) fell between 2.5 and 2.8 percent. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Consolidation below prior range low - 50 EMA and 200 EMA may cross supporting further downside. Key Levels: Support – $2.20, $1.83 Resistance – $2.65, 200 EMA, 50 EMA Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.54 Supporting Entry – $2.49 Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above $2.69 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.54 – Target 1 $2.20 = 3x Reward to Risk Supporting Entry $2.49 – Target 1 $2.20 = 1.5x Reward to Risk
OShort
by tradetheday