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long term investment in AGL?AGL has probably finished falling now, its actually not a bad investment at the moment, with downside risk limited, I doubt it would hold below these recent lows for very long if it went below them at all. AGL will transition to renewable energy over time, they are a business, not an environmentalist company, so I forgive their holding on to fossil fuels. they are a long term well established company, which give decent dividend yields and a low risk long term investment, these alone would hedge against inflation, but the outlook over the next few years is to make some capital gains as well. risk would be lower by buying at the marked levels, I do think that at least $6.30 will be achieved over the next months, but if you take a look at the monthly chart, buying below $8 still makes sense for investments over 7 years.
ASX:AGL
by cycler
ASX:RNE - Micro Cap Energy (2.5 year accumulation)Roughly two and a half years ago, the accumulation of RNE seems to have begun by strategic entities ("insiders") of this company. If price can break out of the accumulation range (0.042 - 0.104), a promising multi-year uptrend looks likely. Until then, the POC at 0.063 might put up some resistance. Traders can look to buy any breakouts above top of range. Investors can look to jump on board with the insiders and accumulate/dollar cost average within the marked range. Hit the BOOST button if you like my analysis and want to support my channel. Follow to make sure you don't miss any future trade ideas.
ASX:RNELong
by AndyTheKing
2
Is a move to 30c on the cards??CPV is of interest right now. The macro environment for the ASX shows some bullish momentum building so there may be some appetite for some risk-on money into smaller cap/penny stocks. I won't go into the fundamentals, but H1 2023 appears to be the timeframe for CPV to convert pipeline into virgin revenue. Their core offering - which is a patented clear solar glass - is being evaluated by various bodies, and their hope would be that a positive outcome would be the precursor to a flow of sales orders. They have presence in North America which may become a core sales territory for them. So we have a 45M market cap stock on the (hopeful) advent of revenue generation and that equates to 217M current shares on offer. Nice that it hasn't suffered from dilution. The current price action shows price caught in a falling wedge, almost touching its 61.8 Fib retracement (from March 2020 low to its all time high of 99c). Money Flow shows ongoing accumulation during the correction and this week's bar showed price moving up above a short term zone of resistance. In fact there's not that much volume traded until we get to 28c so if momentum continued, we might expect prices to test 30c. Expect significant supply from 28c to 32c. The Stochastics arent necessarily positioned to show upside bias - its certainly a fledgling move at present and may be of interest to those with some risk appetite.
ASX:CPVLong
by dibster
GORGEOUS WEEK FOR EMRThe goldies have been moving recently but Emerald Resources has been somewhat resistant. It doesn't get as much attention as it deserves on the ASX but there's a lot to like about this company. All that changed this week, with EMR painting a strong weekly bar. Money Flow is off the charts and I'm happy with the Stochastics setup here. It's nice when you get a chart showing clean moves like this. Price is moving out of it's point of Control. You could label the corrections as a Heads and shoulders pattern with a measured move to $1.60ish. Either way, EMR is probing for blue sky. Long may she run.
ASX:EMRLong
by dibster
3
CIA - Blue Sky DaysChampion Iron (CIA ASX analysis) has been in a long term consolidation pattern since July 2021. You can see that it has now been in the $7.80-$8 range for the third time. The pattern appears to be an ascending triangle - either way, we are seeing higher lows and supply move in at $8. Importantly CIA has cleared an area of support/resistance between $5.50 and $6.20 and the Stochastics favour a Blue Sky break out imminently. The macro success of this will be somewhat governed by Iron Ore Futures which peaked in July 2021 (as did CIA). There's a strong area of support between $94 and $78 that may be retested on a pull back. A breakout from here would be with prices over $125. The stochastics setup on the Futures suggests the probability is with one further pullback before it breaks out mid year'ish. 2023 could be a very strong year for the Champ!
ASX:CIALong
by dibster