Google updateAfter great Q2 earnings Alphabet soared, but now gap is closed and retraced. Testing the uptrend line again at the 50% Fibonacci level. Could wait and see if the line breaks and we test 61.8% and 200SMA on a daily chart.
Shares
JD Sports updateRBC Capital Markets show high praise for this stock as one of the few successful overseas. Healthy growth and revenue projections value this stock at target 725. Currently tested and rejected at support level, good place for a buy or short if the level breaks. Good Luck!
Snapchat updateAfter disappointing IPO, Snapchat fell to $5, practically crossing to penny stocks territory. Investors kicked in to buy cheap stocks and the price rallied. That seems like the end of wave C and now the new wave count started up. Wave 3 seems like over, now waiting for the wave 4 to complete before buying in again to catch the 5th. After very good Q2 earnings and new users added, projections for Snapchat look much better and price is expected to rally further. Good Luck!
Astom Martin updateAston Martin had a bad run from the start as the open price of 1915 plummeted to, currently, 460 area. Recent word from Merrill Lynch changed the forecast from 'buy' to 'hold' as Aston issued profit warnings and earnings forecasts were cut by 40%. This is where investors are waiting for the stock to become cheap enough to buy, but it seem like it could still go lower before the big institutions commit to the this stock. Potential short term trade on the long side as we retrace a little here. Good Luck!
Amazon updateLast week saw a slump in Amazon share as $2.9b worth of stocks were sold, some by Bezos himself to fund his rocket company 'Blue Origin'. Also, trade war caused a panic in the markets. Now at 200SMA daily and 78.2% retracement. Good opportunity to buy with great risk reward, if this level holds.
Apple updateAfter renewed trade war tariffs and Chinese response over the weekend, Apple dipped massively. Now approaching the 61.8% around 190 level, could be a good place to buy with a good risk-reward ratio.RSI daily approaches oversold.
H&S completed and Fevertree is now bearishOn Jul 9th price broke below the neckline. Yesterday retested the neckline and was rejected lower today after a results announcement.
The 200 EMA is sloping down and price is below the 200 EMA.
All in all #bearish
Possible PDI ASX Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 - 3 weeks
Actions on -
A – Activating Event
Market will find support in zone @ Current Levels - .... and move to the 0.034 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.034
ASX:PDI
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.034
Target 2 @ ....
Risk/Reward @ 1.5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
NCM targeting all time high and the 2.618 fib levelNCM looking golden. Shorts around all time high resistance and longs at overall support level.
WPL entry zones and sell zone right up there.WPL is very volatile so entries are key to this market. aggressive entry at the .618 and long term support entry at the 1.618. Overall I am short on WPL.
MQG Short Opportunity at the .618MQG at fibonacci resistance. Uh Oh. Time for retracement down to support!
Risky profit take on transurban TCLTCL is on a tear. We see that TCL smashed the 1.618 but is approaching the 2.618 with high velocity. Keep an eye on TCL for a retracement.
WES Trading OpportunitiesLook for sells up at the 1.618 fib level. WES has been looking very strong so a pullback to some support is definitely going to happen sometime.
Woolies destroying short stops, targets all time high sell zoneWoolworths looking to hit all time high prices as it destroys short stops on its way up. Woolies smashes the .618 fib level. Look for buys at the support zone down below.
ANZ trading opportunitiesANZ looks ready to drop after poking at the .618 fib level. exit short or buy anz at the zone shown below.
Buy and Sell zones for Cba currently bouncing between levelsHi everybody. This is a chart showing you possible sell zones and buy zones due to resistance that we have encountered before and support which is the .618 fib level.
Tiger Brands Bullish IdeaThe share price of Tiger Brands has just broken out of a descending channel, awaiting a possible retest.
If the breakout is confirmed, the price could be heading for the resistance above, which is the target.
Good luck!
Boeing buy signalsBOEING (BA): Daily chart: Support zone + Inside Bar candle pattern + Side of Bollinger bands (20,2)
profit target zone for WBCWBC has had a nice rally upwards after hitting support but now we see a big hurdle for WBC which is the .618 fib zone.
CSL at resistance will it retrace back to the fib levels?CSL is at resistance and looking to drop bigtime down to the retracement levels. The cyan box below is a possible long spot for csl
Profit Target Zone for TelstraTelstra has stayed true to the Fibonacci and support zones. We can expect to hit the .618 Fib zone then possibly retrace downwards back to support.
Possible AO1 ASX Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 - 3 weeks
Actions on -
A – Activating Event
Market will find support in zone @ Current Levels - .... and move to the 0.02 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 0.020
ASX:AO1
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 0.020
Target 2 @ ....
Risk/Reward @ 1.5.1
Happy trading :)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
