Potential down-turn for EMLThe price has reached the previous highs... probability is high it will reverse from here... but if the price keeps breaking this level (very unlikely), then the price will cross $1.50 in few weeks..
CXO may start going upward !!CXO should start going UP from here.... It seems like the line has been crossed... Hopefully it should bounce back from here.
Finer Market Points: ASX Top 10 Momentum Stocks: 21 Mar 2024TSX:TSK ASX:LBT NYSE:FND GETTEX:RAC ASX:ZIP ASX:AIS ASX:SLC AMEX:TTT AMEX:ASM ASX:RIM
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:
Task Group Holdings Limited (TSK)
LBT Innovations Limited (LBT)
Findi Limited (FND)
Race Oncology Ltd (RAC)
ZIP Co Limited. (ZIP)
Aeris Resources Limited (AIS)
Superloop Limited (SLC)
Titomic Limited (TTT)
Australian Strategic Materials Limited (ASM)
$RZI Approaching potential break outRaiz is heading towards a break out from the current downtrend with potential for a golden cross scenario if consistent buy pressure continues.
The SP is currently at support level of 0.39c and has been trading sideways within the range of 0.375 - 0.39c since February this year.
200 EMA is sitting right on the key resistance level of 0.415c, breaking this will signal a potential run back to around the ~0.50c level in line with fib extension levels.
Finally, RSI showing higher lows also indicating a bullish sentiment going forward.
SSR.ASX Down -70% of Late.SSR Mining has suffered and been Punished by the Markets for these reasons.
Recovery Trades are inherently very Risky, but if successful can offer great Returns.
I'm keeping an Eye on this Ticker and looking for a Reversal.
I will call this one LONG should we see a Reversal.
As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Short on WTCOn a larger timeframe WTC is in a rising channel, it is at the top of this channel with a rising wedge on bearish divergence on a smaller timeframe. Looking for a retest of support for a entry and a move down to resistance for take profit. GL
CXO.ASX Core Lithium Chart Trend Study.Core Lithium listed on the Australian Stock Exchange was once a Darling up +550%, but became a Dog IMO.
As seen on the Trend Chart Study, these commodities are very cyclical, and by Zooming Out - the Clearer Picture is seen.
One should always do this for Commodity Type Stocks. They are almost never long time Investments.
However, if one can Grab some at the right time, then some nice Gains are to be had.
This is always extremely difficult in the beginning, and almost nobody gets it correct.
Rather wait for the Chart and Indicators to show this clear change of direction.
Also never add to a losing Trade / Investment. This will only accelerate your loss.
Doing this is called REVENGE TRADING. "Only the Mass Market can move the Direction."
Also get Expert's advice before making any Trade decision's.
My Chart Study is for Education purposes only.
Smash that "Rocket Boost Button" to show your appreciation for my Studies.
Regards Graham.
WHC - bearishWhitehaven Coacl (WHC) might be in for some downside movement if this pattern plays out
Finer Market Points: ASX Top 10 Momentum Stocks: 14 Mar 2024TSX:TSK ASX:SXG $360 ASX:ZIP ASX:APX GETTEX:RAC NASDAQ:PAA ASX:SLC NYSE:FND BSE:VMS
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:
Task Group Holdings Limited (TSK)
Southern Cross Gold Ltd (SXG)
Life360 Inc. (360)
ZIP Co Limited. (ZIP)
Appen Limited (APX)
Race Oncology Ltd (RAC)
Pharmaust Limited (PAA)
Superloop Limited (SLC)
Findi Limited (FND)
Venture Minerals Limited (VMS)
RiskMastery's Red Flag Stocks - WHC EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at ASX:WHC ...
I believe this code is at a point of potential volatility.
If price can hold below $6.79 ... Bearish potential may be unlocked.
My key downside targets include:
- $6.27 (Conservative)
- $5.63 (Medium)
- $4.88 (Aggressive)
If however price breaks above $7.62 ... Bullish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
RiskMastery's Red Flag Stocks - EVN EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at ASX:EVN ...
I believe this code is at a point of potential volatility.
If price can hold below $3.27 ... Bearish potential may be unlocked.
My key downside targets include:
- $3.00 (Conservative)
- $2.73 (Medium)
- $2.33 (Aggressive)
If however price breaks above $3.63 ... Bullish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
(ASX): WES - WESFARMERS LIMITED || March 12, 2024(XDJ): CONSUMER DISCRETIONARY
(ASX): WES - WESFARMERS LIMITED || March 12, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M).
(Left chart): The broader context (1D chart) reveals that a previous wave 2-red has concluded, touching a low at 46.64, initiating wave 3-red to propel WES further upward. Upon closer examination of wave 3, I've counted waves ((i)) and ((ii))-green to have ended, with the low at 49.57 marking wave ((iii))-green of wave 3-red, indicating the onset of the third wave of the third wave. Now, wave (i) and wave (ii)-purple have ended, and wave (iii)-purple is currently unfolding.
(Right chart): The short-term outlook (4H chart) describes clear and detailed subdivisions. It appears that wave iv-blue has completed at the low of 64.59, and wave v-blue is now unfolding. This outlook will be maintained as long as the price remains above the low at 64.59. If this forecast is accurate, I would anticipate seeing wave v continue to rise higher towards the immediate target at 68.99, possibly even further, such as at 71.75 as the next price target.
(Alternative wave count for short-term outlook): Indicates that wave iv-blue has not yet concluded, having only completed waves ((a))-red and ((b))-red at a smaller degree. In this scenario, wave ((c))-red will continue to decline slightly before wave v-blue resumes its expected upward movement.
(ASX): ALL - ARISTOCRAT LEISURE LIMITED || March 12, 2024(XDJ): CONSUMER DISCRETIONARY
(ASX): ALL - ARISTOCRAT LEISURE LIMITED || March 12, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M).
(Left chart): The broader context (2D chart) reveals that wave (2)-blue has bottomed out at 30.36, and wave (3)-blue is unfolding. I can count waves ((i))-green through wave ((iv))-green, which have concluded, and wave ((v))-green is now unfolding to prepare to complete a five-waves pattern at a higher degree labeled as wave 1-red. Upon closer observation, I note that wave ((iv)) ended in the form of a Triangle Pattern, followed by wave ((v)). This outlook will be maintained as long as the price remains above the low at 39.39.
(Alternative wave count): Indicates that wave ((v))-green peaked at 47.02, thereby completing the entire Five-waves pattern at a higher degree. And get ready for a bigger drop.
(Right chart): The short-term outlook shows that from the low at 39.39, wave (i)-purple and wave (ii)-purple have concluded. Following this, it seems that wave (iii)-purple is now unfolding. Returning to the current price action, wave i-blue of (iii)-purple has peaked, and wave ii-blue appears to continue declining lower, seeking support around 0.5 - 0.618. The bullish outlook remains intact, as long as the price remains above 42.75, with a dip below calling for a reassessment of the situation.
(ASX): TLC - THE LOTTERY COPORATION LIMITED || March 12, 2024(XDJ): CONSUMER DISCRETIONARY
(ASX): TLC - THE LOTTERY COPORATION LIMITED || March 12, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M).
(Left chart): The broader context (1D chart) reveals that from the low at 4.35, the bull market began to unfold. Wave 4-red appears to have concluded at the low of 4.99 with a Triangle Pattern, followed by wave 5-red continuing to rise higher to achieve the next price target at 5.31.
(Right chart): The short-term outlook provides more detail on wave 5-red's ascent. As long as the price remains above the low of 4.99, the .618 level may potentially play a supportive role in further developing the bull market to higher levels.
RIO: March 6, 2024(ASX) RIO: Tinto Limited || March 6, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
Regarding the big picture (1D chart), it shows that wave 2-red has ended, and now Rio Tinto is entering a Bull market with wave 3-red. Now is the time for price action to decline further with wave (ii)-purple. And since the high of 136.7, the price action downwards has unfolded into three waves, labeled abc-blue. Waves a,b-blue have completed, and now it's time for wave c to decline to a lower low.
Moving on to the short-term outlook (4h chart), it provides a detailed description of price actions with clear subdivisions. Wave ((4))-red of wave c-blue has ended, and wave ((5))-red is declining even further. The target for this decline is initially at 120.24, while the price continues to maintain below the low of 127.41 because the fourth wave cannot end in the price territory of the first wave.
Rally to high levels will negate this wave count.
BHP: March 6, 2024(ASX) BHP Group || March 6, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
(Left chart) The broader context (Daily chart) indicates that it seems the preceding Five-waves pattern has concluded, and you can see that wave ((v))-circle-green ended at 50.84. Following that, there was a downward price action, suggesting that the target of this decline could be lower. However, it belongs to a higher Degree while I want to focus on price actions more relevant to the current context. Therefore, I find that the current decline could extend lower. Overall, I can count waves and observe that wave (iii)-purple continues to decline, with its subdivisions having waves i,ii,iii,iv-blue, potentially indicating the next leg of the decline with wave v. Generally, the target of this decline could be lower than 42.61 as long as the price remains below the 47.81 level, thus maintaining this decline.
(Right chart) Upon careful consideration of the short-term outlook (4H chart), you can delve into the details of their subdivisions. It can be seen that wave iv-blue appears to have ended, so if this is correct, I would expect wave v-blue to be ready to decline lower, as long as the price remains consistently below the low of 45.70, because one of the rules of the Impulse wave is that the fourth wave should not end in the price territory of the first wave. I am simply maximizing the use of Elliott Wave Principle rules to identify crucial levels to know when I am wrong.
Additionally, there is still an alternative wave count (ALT), so keep track of the decline from the high of 47.81 down to the current low labeled as wave iii-blue, this entire movement being wave i-blue of wave (iii)-purple. Then, the price action will begin to rise further, and you can use the low at 45.70 again to determine if the wave count for the decline has become incorrect when the price action rises above that level.
ALD: March 5, 2024ALD (Ampol Limited) || March 5, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
(Left chart) In the broader context, we observe that the major trend is bullish, despite the current price increase appearing somewhat lacking in strength and sharpness. Nevertheless, this is generally acceptable. Wave iii (circled, green) seems to have concluded at the high of 39.76. There's a possibility that wave iv (circled, green) will soon turn bearish towards the 0.382 to 0.5 target, which are common retracement levels for the fourth wave. Following the completion of the 4th wave, we can anticipate Ampol Limited moving higher in the 5th wave.
(Right chart) As for the short-term outlook (4-hour chart), it provides a more detailed depiction of the situation. It seems that wave (a) of wave 4 (circled, green) may have reached its conclusion. Therefore, I expect wave (b) to push prices higher towards the target of 0.382 to 0.5, followed by wave (c) returning lower to complete the entire correction wave 4 (circled, green).
In summary, I'm open to the possibility of a slight dip in the fourth wave before the bullish momentum of the fifth wave resumes.ư
WDS: March 5, 2024WDS: WOODSIDE ENERGY GROUP || March 5, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
(Left chart) Looking at the big context, we can see that the main trend is bearish, with many new lows recorded. Currently, my wave count indicates that we've experienced wave 1 and wave 3 (highlighted in green) has declined. Following that, wave 4 started to rally slightly higher and peaked at 33.08. However, since reaching that high, we've reverted back to the major trend. In other words, the bearish market is likely to continue declining, as long as the price remains below the 33.08 high.
(Right chart) Now, shifting our focus to the shorter-term perspective using the 4-hour chart, we observe that recent price movements are still influenced by the bearish market. It appears that wave i (blue) may have reached its low point, followed by wave ii (blue) which concluded at 31.01. As a result, we're back in wave iii (blue), and it seems probable that the bearish market will persist, provided that the high of 31.01 remains intact. The upward movement indicates that wave ii is indeed ongoing.
Finer Market Points: ASX Top 10 Momentum Stocks: 11 Mar 2024TSX:TSK ASX:APX NASDAQ:CUE LSE:IMC BSE:VMS LSE:DCC $360 ASX:ZIP NYSE:BOC MIL:BRE
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:
Task Group Holdings Limited (TSK)
Appen Limited (APX)
CUE Energy Resources Limited (CUE)
Immuron Limited (IMC)
Venture Minerals Limited (VMS)
DigitalX Limited (DCC)
Life360 Inc. (360)
ZIP Co Limited. (ZIP)
Bougainville Copper Limited (BOC)
Brazilian Rare Earths Limited (BRE)
RiskMastery's Red Flag Stocks - PLS EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at ASX:PLS ...
I believe this code is at a point of potential volatility.
If price can hold below $4.02 ... Bearish potential may be unlocked.
My key downside targets include:
- $3.50 (Conservative)
- $2.62 (Medium)
- $1.90 (Aggressive)
If however price breaks above $4.58 ... Bullish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
RiskMastery's Breakout Stocks - ARV EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at ASX:ARV ...
I believe this code is at a point of potential volatility.
If price can hold above $3.50 ... Bullish potential may be unlocked.
My key upside targets include:
- $5.70 (Conservative)
- $6.80 (Medium)
- $9.95 (Aggressive)
If however price falls below $2.70 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
RiskMastery's Breakout Stocks - TGM EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at ASX:TGM ...
I believe this code is at a point of potential volatility.
If price can hold above $0.130 ... Bullish potential may be unlocked.
My key upside targets include:
- $0.150 (Conservative)
- $0.180 (Medium)
- $0.225 (Aggressive)
If however price falls below $0.100 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
(XNJ): INDUSTRIALS SECTOR (ASX): CPU - COMPUTERSHARE LIMITED || (XNJ): INDUSTRIALS SECTOR
(XNJ): INDUSTRIALS SECTOR
(ASX): CPU - COMPUTERSHARE LIMITED || March 10, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M).
Bottom line: CPU may continue to rise higher.
(Left chart): The broader context (1D chart) shows that wave 2-red appears to have ended at 22.87, and wave 3-red is unfolding towards higher targets. I've counted waves ((i)), ((ii))-green, and wave (i)-purple, with wave (i) having peaked. Now is the time for wave (ii) to dip lower before wave (iii) resumes aiming for higher targets, while price consistently holds above the low at 24.28. A dip below this level calls for serious consideration of alternate wave counts (ALT).
The alternate wave count (ALT) suggests that wave 2-red may extend beyond expectations, and the entire 3-wave advance from the low at 22.87 is just part of its overall process. It's likely a Flat Correction at a higher degree, and its decline would seek support around 22.87 before wave 3-red truly resumes.
(Right chart): The short-term outlook (4H chart) provides more detail on what I've mentioned. Wave (ii)-purple is currently underway, retracing lower, with potential support found in the 0.618 - 0.786 range. If this forecast holds true, it implies that wave (iii)-purple will rise with the setup of the "third of the third of the third," indicating strong upward momentum. It's suggested that price must maintain above the low at 24.28, and a rally above the high at 26.15 would reinforce this bullish outlook.
Master of Elliott Wave Analysis: Shane Hua (CEWA-M).
Bottom line: CPU may continue to rise higher.
(Left chart): The broader context (1D chart) shows that wave 2-red appears to have ended at 22.87, and wave 3-red is unfolding towards higher targets. I've counted waves ((i)), ((ii))-green, and wave (i)-purple, with wave (i) having peaked. Now is the time for wave (ii) to dip lower before wave (iii) resumes aiming for higher targets, while price consistently holds above the low at 24.28. A dip below this level calls for serious consideration of alternate wave counts (ALT).
The alternate wave count (ALT) suggests that wave 2-red may extend beyond expectations, and the entire 3-wave advance from the low at 22.87 is just part of its overall process. It's likely a Flat Correction at a higher degree, and its decline would seek support around 22.87 before wave 3-red truly resumes.
(Right chart): The short-term outlook (4H chart) provides more detail on what I've mentioned. Wave (ii)-purple is currently underway, retracing lower, with potential support found in the 0.618 - 0.786 range. If this forecast holds true, it implies that wave (iii)-purple will rise with the setup of the "third of the third of the third," indicating strong upward momentum. It's suggested that price must maintain above the low at 24.28, and a rally above the high at 26.15 would reinforce this bullish outlook.
