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.
Potential Long on PENPEN is currently in a descending wedge with bullish RSI divergence but still looks bearish on an intraday chart so should move down to support at around 0.07c. Look for a breakout and retest of upper trendline for entry or enter a small position on break of wedge, stoploss at last swing low move SL to BE when safe to do so. Good luck
(ASX) REH - REECE LIMITED || March 10, 2024(XNJ): INDUSTRIALS SECTOR
(ASX): REH - REECE LIMITED || March 10, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M).
(Left chart): The broad context (1D chart) indicates that wave 2-red has bottomed out at a low of 17.10, followed by wave 3-red (not displayed on the chart) unfolding with waves ((i))-green to ((iv))-green having concluded. Now is the time for wave ((v))-green to continue unfolding to rise higher. There's another alternate wave count (ALT), where waves ((iii))-green and ((iv))-green are replaced by (i)-purple and (ii)-purple, but regardless, they both suggest that further price increases are necessary.
(Right chart): The short-term outlook (4H chart) describes recent price actions. From the low at 21.33, I've counted waves (i)-purple to (iii)-purple, and it seems like wave (iii) has peaked at 29.33, and wave (iv) is unfolding with three downward price swings labeled ABC-blue. The target for the decline is around 26.26. I don't think wave (iv) has concluded yet; I believe it may still be ongoing. It could potentially develop into a Triangle Pattern as it narrows over time, or it could continue to decline to a lower low towards the target at 26.26. Conversely, if price action rises strongly and swiftly above the high at 29.33, indicating that wave (iv) has ended earlier than expected, then it's time for wave (v) to begin rising higher.
AVA - BDW and Monthly Bull div
Price is settling on weekly support, and has monthly bull div at this level.
Weekly price has retested the BDW pattern and held at support. weary that price has lost .618 level and was rejected here as well as the short MA's
Difficult to find good entry. Going long here, weary of local low at 0.135 so will need a wide stop.
Target 1 - 0.225 @ 40%
Target 2 - 0.32 @ 100%
Target 3 - 0.425 @ 165%
LBL - Technical Analysis. If this then thatLBL has capitulated out of the ascending triangle it was forming on the 382 fib.
Has found support on monthly OB and 618 level, and forming daily/hourly bull div on this level. Likely false breakout to bottom. Weekly RSI moved into oversold. Monthly RSI below 50. Expecting recovery.
Entry here possible with very tight stop for LTF trade, probably back to retest $0.75 - $0.81 before a move either way. personally ignoring for me, sticking to HTF.
If it reclaims 0.382 within pattern, look for Long entry for strong move to the upside. If retest occurs, re-asses at expected bottom - $0.65 to $0.55
Long targets - $1.03 / $1.27 / $1.5
BXB (Brambles Limited): March 9, 2024ASX: BXB (Brambles Limited) || March 9, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
Bottom line: BXB may continue to rise higher.
(Left chart): The context analysis provides a comprehensive view, indicating that wave ((ii))-green has concluded at the low of 12.70 and wave ((iii))-green has unfolded. Price action has risen higher, completing waves i, ii, iii, iv-blue, and it seems that wave v-blue is in the process of rising higher, targeting 16.27 (Wave 5 = 0.618 times the net move of wave 1 to wave 3) or reaching the upper boundary line in the Final Channel, while the price maintains above the low of 14.61, supporting this view.
(Right chart): The short-term outlook describes the most recent price actions. Since the target at 16.27 is still ahead, I still believe that wave v-blue will rise further, and it appears that wave (1)-green of v-blue is unfolding. Wave (1)-green may be nearing its peak, but it could still rise higher, as long as the price remains above the low of 15.31. A drop below this level indicates that wave (1)-green has indeed peaked, and wave (2)-green is unfolding before wave (3)-green returns and rises higher to achieve the target as analyzed.
LRS Technical Analysis - BDWLRS currently in local down trend after upwards impulse move. Forming BDW on Daily timeframe. Recovered the 0.618 from impulse move, heavy confluence with Daily and Monthly support at 0.175.
Search for entry candle at 0.19 to 0.175, stop loss potential at 0.17 to 0.165 pending entry.
Target 2 high probability, key ML, Macro 0.618, and BDW T2.
Loss of 0.175 invalidates idea.
Target 3 good earning potential - can front run and TP at 0.525 at local Monthly top
FMG: March 6, 2024(ASX) FMG Fortescue || March 6, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
(Left chart) The broader context (Daily chart) suggests that wave ((iii))-green appears to have peaked at 29.95, followed by a corrective wave movement labeled ABC-purple. Overall, the context allows me to see that the rise of the Bull market is necessary; it's just too early to conclude this, and there may still be a further decline with wave v-blue. It can be said that the decline with wave (c)-purple seems severe, sharper, and stronger than wave (a), which often implies something is not right. However, I think you need to understand the weaknesses or risks you have to endure when investing in a bull market; who knows this decline could go even lower? What I can do for you is to provide high-quality analysis, forecasts, and I will help you continuously monitor until everything becomes clear.
(Right chart) Moving on to the short-term outlook (4H Chart), you can see that wave (c)-purple seems to be in the process of completing enough five-waves downward movement; short positions could work well. Furthermore, if this is correct, then from the low of 25.24 is where the start of a Bull market lies. But the risk in this case if you trade is too significant; at least you should wait for the high of 26.44 to be broken because FMG may be forming a Triangle pattern, so there is still a wave v-blue decline to a lower low before the Bull market truly resumes. However, when the high of 26.44 is broken, it will negate that bearish view and allow you to seek trading opportunities with the Bull market.
ZIP- Ready for correctionThe stock is overvalued now. The next leg for this stock is to go for correction creating a wave (A). The pattern has completed regarding the completion of a leading diagonal for the impulse wave (1).
This is just the analysis and the probabilities. wave count might be wrong. DYOR. Any feedback would be much appreciate. 😁😀
Finer Market Points: ASX Top 10 Momentum Stocks: 6 Mar 2024NASDAQ:CUE ASX:BRN LSE:DCC $360 NYSE:ENV NYSE:BOC ASX:APX NYSE:BIO NYSE:EOS ASX:ELT
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:
CUE Energy Resources Limited (CUE)
Brainchip Holdings Ltd (BRN)
DigitalX Limited (DCC)
Life360 Inc. (360)
Enova Mining Limited (ENV)
Bougainville Copper Limited (BOC)
Appen Limited (APX)
Biome Australia Limited (BIO)
Electro Optic Systems Holdings Limited (EOS)
Elementos Limited (ELT)
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symmetrical triangle is almost finish, will see if still going in uptrend.
STO: March 5, 2024STO (Santos Limited) || March 5, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M)
(Left chart) In the broader context, we observe a price increase following a Leading Diagonal pattern, which concluded at 7.98. Subsequently, there's been a three-wave decline labeled ABC(circled, green). At this point, it's uncertain what will occur next, as Leading Diagonals typically follow a decline. The support level is around 0.786, where the price is still holding higher. Therefore, we shouldn't dismiss the possibility of Santos Limited continuing to decline slightly, as indicated by the alternate wave count in purple. In summary, wave b (circled, green) hasn't yet concluded, so wave c (circled, green) will likely revert to the alternate wave count. However, I anticipate a Bull market with wave 3 (circled, green) moving higher, as long as the low at 6.57 remains intact.
(Right chart) Now, turning to the short-term outlook (4-hour chart), it reinforces the discussion. There are a few scenarios to consider here: as long as the low of 6.99 holds, the bullish outlook remains valid. Conversely, if the low of 6.99 is breached, we'll see the alternate wave count described in the broader context come into play.
Bullish potential detected for HLIFollowing a few stocks in the ASX 300 of particular interest, HLI represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price has respected prior support of $3.47 and thus far intraday is also achieving good support from the $3.62 level, aligning with technical indicators of RSI and DMI. Much talk has been devoted to increased stress amongst mortgage borrowers in Australia in the media today, which adds further impetus to this potential trade.
$PIQ cr at 77 this week. Right on support.Lots of newsflow on this thing coming. Ive drawn a speculative red curve. These raises inevitably test the raise price and double whammy with director Dick selling shares.
Having said that I reckon they'll have great newsflow this year and Europe agreements should be the highest priority along with production and commercialisation.
$1.12 the break imo on the W.
Cheers
PLS : Australian Lithium: Bullish: GARTLEY detectedPLS: Australian Lithium.
Let me remind you that Australia is the leading producer of Lithium in the world (50% of global extraction).
This “white gold” is mainly used in the manufacture of batteries for smartphones and electric vehicles (TESLA, Mercedes, etc.).
LAC lithium prices are currently very low! This is therefore a strong buying opportunity.
Finer Market Points: ASX Top 10 Momentum Stocks: 29 Feb 2024NASDAQ:PAA NYSE:GHY MIL:BRE ASX:BRN NYSE:FND NASDAQ:APM SET:STP ASX:SLC ASX:DRO NYSE:MMI
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:
Pharmaust Limited (PAA)
Gold Hydrogen (GHY)
Brazilian Rare Earth (BRE)
Brainchip Ltd (BRN)
Findi Limited (FND)
APM Human Services (APM)
Step One Limited (STP)
Superloop Limited (SLC)
Droneshield Limited (DRO)
Metro Mining Ltd (MMI)