OZL.ASX_Range Breakout Trade_LongENTRY: 25.85
SL: 24.48
TP: 28.41
- ADX>20
- RSI>50, RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- MA aligned
- Breakout with good volume today. Prefer a better closing.
OZL
OZL BreakJust posting for my own info to see where this ends up over the next few days. Confirmation on the 1d.
OZL.ASX_Breakout Trade_LongENTRY: 24.191 (average)
SL: 22.55
TP1: 73.26
TP2: 82.99
- ADX>25
- RSI>65
- RS +ve
- FFI -ve
- Daily MACD +ve
- MAs aligned
- Breakout with good volume
OZL.ASX_LongENTRY: 21.55
TP: 25.96
SL: 19.60
- ADX<25 but close. Would be better if higher.
- RSI>65.
- RS and FFI +ve
- Daily and weekly MACD +ve
- Broke out of previous high with good volume
- Need to watch for earnings result tomorrow
OZL - Any Retracement Lower could be a Buying OpportunityOZL has shown an impressive rally since the end of March 2020, and I believe the trend has changed and OZL will advance further up and we may see much higher prices in the days to come.
Nothing goes up in a straight line, so since price have been moving up we have not seen a decent retracement, so I believe any retracement lower could be a good Buying Opportunity.
We might see some kind of profit taking as the RSI reading is in the Overbought region, so any pulback lower ideally in the Buy Zone between $11.90 - $13.60 range could be a great Buying opportunity.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
OZL sideways movement, setting up for a moveAsymmetrical triangle is currently forming on the week chart. The question is whether the price is break out or break down...
