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Australianstocks

ASX: Australian stocks approaching a peak.The ASX Ltd is on a very strong bullish monthly streak having gained over +25% in 2019 alone. It appears to be trading inside a 20 year Channel Up that displays all phases of a Bubble (aggressive rise, blow-off, consolidation) from Higher Low to Higher. Currently it is near the end of the bullish leg towards a new Higher High (peak) which is projected within 80.00 - 84.00 towards the end of 2019 (based on a 1702 day Bubble Duration). All charts are overbought (or close to) from 1D (RSI = 72.582) to 1W and 1M (RSI = 76.630 and 73.368 respectively) indicating that the peak of the bubble is indeed near and should be achieved on this final 2019 push. Our strategy is to buy on every dip until this Target Zone. Then depending on circumstance and mostly global trade dynamics, we will most likely start building up a short base but updates will follow. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
ASX:ASXLong
by InvestingScope
22
Go Short At 6275 Go Long At 5904 Not much evidence to suggest we can break above these ranges. Could be trading within them for several months.
ASX:XJO
by WhiskeyTangoFoxtrot3
NXT Short.I guess if 4.70 holds should bounce.. doubt it though
ASX:NXTShort
by NotPatRiviera
112233
…999999

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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