The rotation of money Here's how I know there will be an inevitable rotation of money by this chart I made.
The world has over-invested in technological advancements for a very long time. This was much needed to shape the world we live in today. The whole world was built on stable sources of reliable energy such as fossil fuels and oil to allow these technological advancements to grow. Combine that with lower interest rates and inflating the money supply and you have an overshoot of investment in the technological space- IMO crypto was the last projection of these technological investments.
We are now in a world of climate change, energy shortages and inflation. Usually, the biggest problems that humanity faces are normally the best investments.
I have compared major players on the ASX that are in a prime position in the LNG and Uranium space. Let's see how they could perform in the next couple of years. Australia is in a good position to help export energy and raw materials to help other nations reach the carbon emission goals.
WPL
WPL.ASX_Range Breakout and Retrace Trade_ShortENTRY: 21.99
SL: 22.90
TP1: 20.94
TP2: 19.80
- ADX>20
- RSI<50,RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout with good volume on 21 May 2021 and retraced with low volume
Energy Sector Recovery in 2021As I have been watching energy sector over the last couple months, I can conclude that the underperformed sector will make a good recovery into 2021.
My top pick in ASX20 is Woodside Petroleum. Recently closing its gap up, WPL will make its bullish continuation for upcoming weeks and months.
My immediate price target is at $29 level with a potential upside between $33 - $34.
WPL - Any Retracement Lower could be a Buying OpportunityThis stock had been hit real hard during the COVID -19 pandemic because of plummeting Oil Prices. Now that we have observed Higher Oil Prices, and particularly WPL has been going up now, I believe the trend will advance further up and we may see much higher prices in the days to come.
We can see a Golden Cross, MACD has crossed and High Volume, which shows the possible change in trend.
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 in the Gap Window Zone, between $24.90 - $26. 40 range, so any pulback lower ideally in the Buy Zone between $20.00 - $22.50 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.
WPL - Important price points WPL - Important price points to watch in the one hour chart:
major support at 18.80
support at 16.95
support at 15.55
major support at 13.90
major resistance at 22.00
WPL ASX - Long- Bull Flag
- hit the 200 EMA
- Bullish candle formation
- Waiting on candle to complete, then enter. Looks like it will be tomorrows candle.
WPL - Woodside Petroleum LimitedLooking to breakout from a long term wedge.
Confirmation of trade via:
1) Weekly close above resistance or below support
2) Substantial increase in volume
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.
Woodside Petroleum shareprice surge?With OPEC looking likely to raise the official oil price as oil fracking in the U.S starts to slow & the Saudis cutting oil prices, a surge in the price of most oil & petroleum companies is almost guaranteed. But the question is "how soon?". Looking at the current price of WPL and past chart patterns show that the price surge could be very, very soon.
