WC8... 1x potential!!WC8 completed the down trend at the angle of 360, it's expected to correct to 270 angle at 0.36 ...... let's see when it would acheive this target....
Bullish potential detected for INGEntry conditions:
(i) higher share price for ASX:ING along with swing up of indicators such as DMI/RSI, and
(ii) observation of market reaction at the resistance level at $3.30 (from the open of 18th February) after closing above 50 day and 200 day MAs.
Stop loss for the trade would be, dependent on risk tolerance:
(i) a close below the 200 day moving average (currently $3.22), or
(ii) below the support level from the open of 21st February (i.e.: below $3.19).
PO3 setup on SYRLooking at a PO3 setup as shown in the diagram on the chart. Clear deviation below the trading range and appears to have backtested inside the range again. Looking for markup and distribution now if the PO3 is to play out.
TYX.ASX - Potential Double Bottom For A Nice Profit.This would be a nice little trade, though a little dangerous. You need to look at the longer term lead in trend to the chart and you will see there is a down sloping trendline into this double bottom. I say it is ill defined because that centre peak is deformed relative to the valleys. However, despite this, this trade has potential because of the volume spike I have drawn out. A lot of traders have entered into this trade and are down about 80% at the moment. If one is able to buy this stock cheap, and cheaper the better is key here, there is about 250-300% to be made here. There is a large volume of traders above 0.026 that will likely want to sell if this stock rallys back to this level.
The trading plan for this would be to accumulate as low as one can and hold to the 0.025 level and either sell completely, or sell to break even and derisk, then to reassess the trade at that point. Buying at this level is risking a 40% dump to 0.001, for a 250% gain.
This Aussie Tech Gem Is Screaming BUY – If This Zone Holds!SDR (SiteMinder) is showing massive potential both technically and fundamentally:
- Trading 75.4% below fair value
- Forecasted to grow 65.36% YoY
- Earnings up 28.2% p.a. over the last 5 years
- Analysts expect 91%+ upside
On the chart, we’re sitting right on a high-probability monthly FVG + OB zone. If respected, we could see a strong rally back toward the $6.90–$7.78 buyside liquidity levels and beyond.
Key Levels to Watch:
📍 FVG support: ~$3.50
📈 Targets: $6.90 – $7.78
🧠 Confirmation needed via strong candle closes
🔥 Could be a high-reward play — but as always, DYOR!
XAM.ASX - Double Bottom, now a Triangle/Flag. This looks like a very promising setup. I should note, it is worth zooming out on this chart to see the full view of it because the down sloping trend line has a lot to play in this setup.
The double bottom has passed which is a reversal pattern, and the Triangle has now come up which is a continuation pattern. It is important to note that both of the chart patterns are of similar size which helps to validate the move. With the Triangle we are now waiting to see if it crosses the down sloping trendline. If we get this happening, it is likely we will get a pop to 0.083, and a retest of the trendline and the current resistance level. If the retest only goes as far as the trendline that will be very bullish, however we will keep our expectations tempered.
You could start accumulating here, but I'd rather wait to derisk and see if it can break and hold 0.065 and start buying there, or of course, buy some now and buy some more later. Up to you. The stop level is 0.047, and the initial target is 0.165. That makes a 25% risk for a 150% gain.
FDV.ASX - Trendline TradeNot really much to be said here, but this may develop into something. Sometimes I like to find setups like this that are quite "ripe" and sit on them. Pretty much what I will do here is leave this in my trading diary or on a watch list and just check on it once a week or once a month and see if it crosses that trendline and makes a nice reversal pattern.
EMV.ASX - Large Accending TriangleTo be honest this chart looks weak, but I've seen charts like this with this kind of setup pop, so I might put it on a watchlist. The large triangle has caputured the trade with the lower bound trendline being far steep than the upper. This sort of indicates that there is a good amount of demand underneath this stock, however since about the start of 2024 it really looks to be a bit weaker. This is indicated by most of the price action being close to the lower blue support level, and the price being sold down almost immediately once it hits the upper blue resistance level.
The price action has to hold this 1.75 level otherwise it will likely drop sharply. We have very low volume being traded at the moment although the last few weeks there has been higher than average volume. This will hopefully keep the level. Before this chart can turn bullish it has to break 2.10, possibly reach 2.40, at which point it should retest 2.10. If the 2.10 level can be maintained on a retest then I would say that this chart is bullish and is worth a buy. Which would make for a good trade, as the first target is 3.20, and the stop is 1.75. Meaning a 15% risk for an initial 55% gain.
AGN.ASX in an Accending Triangle with Repeating PatternI like trading bio and pharma stocks. They trade very similar to small cap miners, but with their own little personalities.
Anyway, a large triangle is here with the price coiling up against the 0.90 resistance level. There is that long term trendline that the price is trading up against that is holding the shape firmly. As we are coming to the tip of the triangle a decision point is reached. Will the price drop out below the trendline? Or will it pop above the resistance level? On top of this there are a set of repeating patterns here. It is a pretty weak correlation I will admit, but drawn in with the pink scribble you can see the basic shape of the pattern. I'm not holding firm to it, but if the pattern is accurate then as we are at the end of the second repeating pattern and at the tip of the triangle is gives further indication that a decision point is reached in the price action.
I wouldn't advise buying at this level. Although very cheap this is a weak point of the pattern and we need further strength to be certain that this pattern is going to want to continue upwards. I'd prefer to buy above the 0.80 level to derisk a little and to feel safer and so we can use the 0.70 level as a stop level, but the 0.60 level can be used also. 0.90 is the trigger level. Prints above this level indicates that the trade is on. At which point we will use fib. levels (in grey) to determine our targets.
Strange pattern on BTRA really strange pattern I've not seen before on this chart, but there is definitely something about it. In any case, leading into this pattern back in 2021 we see a very sharp double top from which we can draw the trendline from. The pattern looks like some sort of reversal pattern as the price is holding to the resistance level at 0.021 and there is a huge amount of volume serving to hold this level as a bottom. Entry would be safe now, holding a stop loss at round number 0.015, which at 35% is a long way down so if you are able to accumulate closer to that level all the better.
A trigger to indicate this pattern is a reversal will be a break of the trendline. At which point price action will likely revert back to the breakout level of 0.021 giving opportunity for a derisked second entry. Price targets are 0.027, 0.042 and 0.075.
It is worth noting that this stock has had a broker rate this stock for 0.08 valuation.
Potential outside week and bearish potential for CAREntry conditions:
(i) lower share price for ASX:CAR below the level of the potential outside week noted on 28th March (i.e.: $32.16).
Stop loss for the trade would be:
(i) above the swing high of 26th March (i.e.: above $34.05), should the trade activate.
Potential outside week and bullish potential for AUCEntry conditions:
(i) higher share price for ASX:AUC above the level of the potential outside week noted on 28th March (i.e.: above the level of $0.56).
Stop loss for the trade would be:
(i) below the low of the outside week on 26th March (i.e.: below $0.515), should the trade activate.
SOL - 19 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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Coronado Global Resources: Rise and Fall of a Coal PlayerASX:CRN AMEX:COAL PSE:COAL BSE:COAL1!
Coronado Global Resources (ASX:CRN) is an Australian company specializing in metallurgical coal for the steel industry. With assets in Australia and the USA, it holds a notable position in the market. But is it worth investing in now? Let’s find out.
Financial Performance for the First Half of 2024
• Revenue: $1.3 billion
• Net Profit: $16 million
• EBITDA: $135 million
• Net Debt: Only $5 million
Low debt levels and stable cash flow ($63 million for the half-year) are strengths of the company in a challenging industry.
Stocks: From Triumph to Fall
Since its IPO in 2018, when Coronado raised $500 million, the stock price has dropped from $1.50–2.50 to 26 cents. Main reasons:
• Decline in coal prices in 2024
• Collapse of the deal with Seven (Sweden)
• Global disruptions such as COVID-19
Some believe the drop is excessive and expect a recovery to $1.50–2.50.
Challenges on the Horizon
• Coal Prices: Fitch forecasts $120/ton in 2025
• Technical Issues: Failures at Curragh increase costs
• Taxes: Rising levies in Queensland squeeze margins
Growth Prospects
Coronado is not giving up:
• New Mammoth mine (launch in December 2024)
• Expansion of Buchanan in the USA
• 300 million tons of reserves in the Bowen Basin - enough for more than 20 years
Plus diversified markets (China, USA, Japan).
Outlook for Coal Demand and Growth
Despite tightening environmental regulations and the global shift to renewable energy sources, which are pressuring thermal coal, the prospects for metallurgical coal remain more resilient. This type of coal, Coronado’s specialty, is indispensable in steel production, and demand for it is likely to persist over the next 5–10 years, especially in Asia (e.g., China and Japan), where metallurgy remains a key industry. Infrastructure growth in developing economies supports this trend, and the lack of large-scale alternatives to coking coal strengthens its position. With high-quality reserves and plans to open new mines like Mammoth, Coronado is well-positioned to meet this demand. However, coal price volatility and potential technological breakthroughs in steelmaking could pose risks, requiring careful monitoring.
Is It Worth Investing?
Pros:
• Low debt and strong balance sheet
• Steady demand for metallurgical coal in the steel industry
• Price at 26 cents promises 5–10x growth potential
Cons:
• Technical analysis shows a downtrend
• Coal price volatility
Conclusion
Coronado is a risky but potentially profitable bet. Financial stability and new projects inspire optimism, but the coal market is fickle. For experienced investors, this could be an entry point.
LTR long - entering yearly demand zoneDiscounted area ahead if l'm right. LTF TDA & informed buyers level coupled with fearful distressed sellers.
-will be looking for bullish and bearish PA over coming days looking at price behaviors
- semi neutral position atm until confluences with price are clear with multiple factors 'if and then' met.
Potential outside week and bullish potential for KAREntry conditions:
(i) higher share price for ASX:KAR above the level of the potential outside week noted on 14th March (i.e.: above the level of $1.595).
Stop loss for the trade would be:
(i) below the low of the outside week on 11th March (i.e.: below $1.465), should the trade activate.
Potential outside week and bullish potential for ADTEntry conditions:
(i) higher share price for ASX:ADT above the level of the potential outside week noted on 21st February (i.e.: above the level of $4.41).
Stop loss for the trade would be:
(i) below the low of the outside week on 19th February (i.e.: below $3.97), should the trade activate.
Daddy's Home, Home for you. Its within the channel, the sector is looking like its on the up and up, its beat up but not dead. I say it gives a 15x in the next 2-3 years. DADDYS HOME.
Worth the Puntits at a 10M market cap, in the right industry, the RSI and MACD and Stochastics all pointing up. This just means that it is go time. Slowly, then quickly. Watch it.
LTR longs potential-IS price retesting demand zone in the future? price allowing good r/r ratio LTF analysis could be seen as exhausted sellers.
-remember its only revisiting zone ATM
-confirmed buyers will show bullish PA if its ready or NOT we still need multiple things down here to confluence before entering in ..
-zones are only zones when there's reactions
- price structure has to play out firstly
-stay unbias with no emotions.
My NEUTRAL status until PA presents THEN TURNING shlong.
3DP possible multibagger opportunityThis Chart uses EMA and an untraditional indicator the Darvas Box (100). I've personally found that Darvas Box(100) is a good entry filter. Enter when the price is within the box, preferably the lowest quarter of the box. Do not enter if the price is below the box. All the of the biggest runs start with SP being above the Darvas Box - However SP isn't guaranteed to run every time it is above the box.
Over the past 6 - 9 months 3DP has broken it's four year retracement and SP appears to be breaking out towards the upside.
The 50day EMA has just passed through the Darvas Box (100day) top. As highlighted - the last occurrence was mid 2020 which saw a 10x growth over the course of a year.
Current SP as posting on 30th March 2024 is a 0.084 SP has a potential to retrace to the 200day EMA 0.06 or further to the bottom darvas box (100) line which is at 0.04
A high level summary of who Pointerra are - 'Pointerra Limited is an Australia-based geospatial technology company. The Company is focused on the global commercialization of its 3D technology solution to support digital asset management activities across a range of sectors, including civil infrastructure, mining, oil and gas, architecture, engineering and construction, and others. Its cloud-based platform, Pointerra3D, is an end-to-end solution that stores, processes, manages, analyzes, extracts, visualizes, and shares the insights from 3D data. Its products include Pointerra3D CORE, Pointerra3D ANALYTICS and Pointerra3D ANSWERS. Pointerra3D CORE provides a common data environment where organizations can visualize different data types in a unified way and then store, manage and share them in a flexible way. Pointerra3D ANALYTICS creates a digital twin to enable intelligent analysis of physical assets. Pointerra3D ANSWERS delivers predictive insights that enable definitive answers to physical asset management questions.'
With Cash Receipts of $4.243M, Net Cash from Operating Activities of $1.447M, and a Cash balance of $4.6M, the company’s performance is clearly on track.
The total outgoing cash for the latest 3DP Quarterly report was $2.796M, which is just below the $2.855M average for FY 23/24.
This suggests that the cash outflow has returned closer to the average, especially after the higher outflows in the July to September 2024 quarter.
The substantial net cash inflows highlight the strong profitability of the business, particularly when higher cash receipts and revenue levels are achieved.
Ian Olsen and the management team have consistently emphasized that they are "not unhappy" with Finola Burke's (RAAS) projections. For FY 24/25, the forecast figures are as follows:
Revenue: $13.8M
GP: $12.7M
EBITDA: $2.19M
NPAT: $2.15M
EPS: $0.27
PER: 18
With a strong first half in FY 24/25 (cash receipts of $7.32M for the first 6 months), several already secured contracts, and numerous opportunities across Pointerra's six target sectors, these projections now seem well within reach.
I warrant that the information created and published by myself on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
Bullish potential detected for NHFEntry conditions:
(i) higher share price for ASX:NHF along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 17th March (i.e.: below $6.41), or
(ii) below the support level from the open of 24th February (i.e.: below $6.30), depending on risk tolerance.
Potential key reversal bottom detected for JHXAwait signals for entry such as DMI/ADX and/or RSI swing to the bullish direction.
Stop loss for the trade involving ASX:JHX (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 21st March (i.e.: any trade below $45.52).
