CAR retest + trend followCAR in a weekly uptrend.
Recent BO off earnings and pulling back. Looking for a retest of either the BO range or PoC and continuation.
ANZ continuationANZ looking ready to reach ATH, august started a nice run up to take out the march range, looking for a pullback to top of range 30, or PoC at 29 before continuation
TLS double bottom, swing longTLS actually has a valid trade, but the problem is, it's on a weekly, so the hold time is in years
XRO 1H BOXRO in a strong weekly trend and consolidating near highs for a BO of local 145 resistance, alert on BO and watch for pullback to next level
KGN BOKGN hovering above support level on weekly. Bottom of megaphone pattern.
In the middle of a trading zone on daily.
Had a strong finish to the day yesterday on 1H, looking for entry on a pullback.
Target, next level up.
Just noticed that the break of 1H trend came from a nice hold of PoC level.
Potential outside week and bullish potential for MYREntry conditions:
(i) higher share price for ASX:MYR above the level of the potential outside week noted on 6th September (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $0.855, as depicted by the blue dotted line and accompanying text on the chart).
Stop loss for the trade would be:
(i) below the swing low of 4th September (i.e.: below $0.795), should the trade activate.
Potential outside week and bearish potential for SLXEntry conditions:
(i) lower share price for ASX:SLX below the level of the potential outside week noted on 30th August.
Stop loss for the trade would be:
(i) above the swing high of 26th August (i.e.: above $4.61), once the trade has activated.
Potential outside week and bullish potential for AMCEntry conditions:
(i) higher share price for ASX:AMC above the level of the potential outside week noted on 23-Aug.
Stop loss for the trade would be:
(i) below the swing low of 19th August (i.e.: below $15.53), once the trade has activated.
CPU BOAscending wedge on weekly.
Price in a tight consolidation band just below major level, final level.
Either enter now or wait for BO and retest, likely intraday entry.
LLC long to next levelLLC is in a 6 year decline, but above 150 day EMA.
Strong earnings caused an impulse move that then lead to a tight consolidation range.
Entered on BO, targetting PoC of next level.
Potentially a reversal on the weekly starting to form, but that will take a lot longer to play out. This is a simple swing trade targetting 7.70
PTM (ASX) Platinum Asset ManagementLong term monthly chart
Eyeing this up as a long term multi year investment, not far off the buy zone in the next couple of months... I will be looking for signs of reversals on the lower timeframes for entry at or around the long term fib cluster level
Forward dividend should be decent and plan will be to sell half at 38.2% retracement from high to low which is a butterfly target
This may take years but it is a 400-450% gain from current levels...
Will post a follow up if I find a good entry point even though on this timeframe timing the market is less relevant... some shorter term habits die hard...
Bullish potential detected for SIQEntry conditions:
(i) higher share price for ASX:SIQ along with swing up of indicators such as DMI (+DMI above ADX at the very least) and RSI.
Stop loss for the trade would be:
(i) tight at $7.85 beneath the tail of the signal day (30th August), depending on risk tolerance.
MYR swing long, targeting next levelMYR is in a strong weekly uptrend and has had a recent strong impulse move followed by tight consolidation right below a major weekly anchor to the downside.
Aggressive entry has likely already passed a few days ago, so waiting for the BO which adds confirmation, then getting in on the pullback targeting next level.
With trend, fib pullback, buy support KGNKGN had a strong impulse move with earnings.
It's tested the 66% fib 3 times and making HL, descending triangle.
50/50 on whether it BO or fails.
I almost took the trade on friday.
A higher probability trade is to wait for the BO and look for a pullback to PoC of triangle consolidation period.
An aggressive trade is to enter at support, and take a smaller loss or larger profit.
Counter trend retracement play, CKFCKF is at some major weekly support, 2023.
Chart has found some support, HLs and looks like it will travel a bit further.
Against trend, but support means bagholding might get an exit, the only cost being time and locked equity.
Already in this one.
Channel play on SEKEntry already passed, watching bracket trade to see how it plays out.
SEK on bottom of channel, watch for impulse move and then confirmation with a HL.
ORG trend followORG bouncing off weekly trendline.
Confirmation on W reversal hourly, then watch for entry on pullback to around PoC or aggressive entry at the neck of the reversal.
Wedge long KCNHighly aggressive entry at bottom of wedge.
Hail mary exit at top of wedge. Reduced size, no confirmation on setup because there's not enough room to confirm the move.
Elliott Waves: CBA.ASX - 6 SEP, 2024 | The Bullish Market© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
Details: Wave (ii)-orange ended earlier than expected, and wave (iii)-orange is unfolding to push higher. While the low of 139.04 may act as a temporary key level.
Invalidation point: 135.65
Finer Market Points: ASX Top 10 Momentum Stocks: 4 Sep 2024ASX:LRV FWB:KLI ASX:LTP XETR:BAS ASX:EZZ AMEX:AIM NYSE:BIO ASX:DSK NYSE:TRP NYSE:WTM
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are: Larvotto Resources Limited (LRV) Killi Resources Limited (KLI), (LTP) Bass Oil Limited (BAS) EZZ Life Science Holdings Limited (EZZ) Ai-Media Technologies Limited (AIM) Biome Australia Limited (BIO) Dusk Group Limited (DSK) Tissue Repair Ltd (TRP) Waratah Minerals Limited (WTM)
buying a small position stop at 52.32ALL, not the best set up but looking good in terms of price action. Getting in little early than usual buy point to avoid if a rally and we don't get the opportunity to buy again. if it breaks 54.70 levels today will look to add more to this position.
Finer Market Points: ASX Top 10 Momentum Stocks: 3 Sept 2024CBOE:BXN ASX:LRV FWB:KLI BME:MCM ASX:EZZ GETTEX:AQC NYSE:HUM NYSE:WTM NYSE:BIO ASX:NOX
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Bioxyne Limited (BXN)
Larvotto Resources Limited (LRV)
Killi Resources Limited (KLI)
MC Mining Limited (MCM)
EZZ Life Science Holdings Limited (EZZ)
Australian Pacific Coal Limited (AQC)
Humm Group Limited (HUM)
Waratah Minerals Limited (WTM)
Biome Australia Limited (BIO)
Noxopharm Limited (NOX)
ASX: NWS - 3 SEP, 2024 | Elliott Wave - Bullish Market Trend © Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
Details: Wave ((iii))-navy is unfolding to push higher since 40.00, it is subdividing into wave (i),(ii)-orange. And wave (ii)-orange probably ended at 41.40, so wave (iii)-orange is unfolding to push higher, targeting the high of 47.19.
Invalidation point: 41.40
