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Buying idea REG with stop at 5.85REG has build a nice base after hitting all time high! with overall mkt positivity this trend could continue. will test this theory by keeping decent stop. low value share so expect larger volatility. DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.
ASX:REGLong
by Gihanhemachandra
Broken out of downtrend, consolidate then go upNormally it's hard to call bottom on a chart like this as it's relatively new but global lithium index looks like it's bottomed and recovering - which means ASX lithium also follows suit. We want to see it test resistance a few times around $4.28, break out and close above this level on a Weekly candle, then re-test this level which will be a solid confirmation of beginning of upward trend. Something else to look for confirmation is shortman.com.au and see PLS shorts decreasing. At the time of writing, PLS is most shorted stock on ASX at 19.43%. Not a bad time to start loading up on quality lithium stocks.
ASX:LTMLong
by Doctor_Zeus
3
short term trade for SBMSBM sitting at bottom of the cycle. It had a massive run in the past decade but has fallen back. Sentiment is low and i Feel all the sellers have been exhausted. Everyone who wants out of SBM is out so expect a short term bounce. Gold price making new highs will help. technically this setup looks strong so next target will be about 50 cents. on the Macro side of things. The phony economic numbers are boosted by Govt spending which is only surface level. intrinisically the economies of the world have been in recession since 2019. I suspect govt sectors and its rent seekers to make up more than 50% of GDP. The private sector is dead or moved to China. Wars continue as the Empire tries to hang on. Wars are fundamentally inflationary. Like Keyenes said . in the long run we're all dead.
ASX:SBMLong
by RogueCleaner
1
Buying BEN stop at 11.77Ben was not performing well up to now compared to sector. price just broke out with good momentum. price has consolidated at high and now looking to break out. after FED decision AXS holding it's ground confirming mkt still see a soft landing. DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.
ASX:BENLong
by Gihanhemachandra
Buy CBA stop 137.7Buying CBA with a stop at 137.70. share broke the all time high last week and looking to test it again. ASX at all time high level, looking very strong momentum. we could see a break out in price with high alpha if this price action continues. DISCLAIMER: The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.
ASX:CBALong
by Gihanhemachandra