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FBU Fletcher Building NZLooking at Macro timeframe and there are some interesting levels coming up Large scale harmonic bat pattern and demand level, Coupled with lower timeframe fibonacci cluster levels just above and around the higher timeframe demand level Fundamentally this stock is ~50% undervalued, losing money but has forward dividend of >11% as @$2.59 and it looks like it wants to drop further which will increase this again... Might watch this around $2.35 - $2.08, for signs of life and hold this as a long term position Buy low + sell high and hopefully get good dividends while doing it, theres likely 200-400% upside if you're willing to hold for years, or if not then if it gets to double, sell half and reinvest in something else and forget about them until they hit $8-$10 Know the company well, as used their building products... so have confidence they will turn around if they divest their residential builds funded with debt and lighten the balance sheet converting these builds into cash This large scale pattern looks like a complex correction so the chances of staying in the $1.50 to $9-$11 range for a while is pretty high
ASX:FBU
by dionvuletich
BDM.ASX Burgundy Diamonds Might ShineBurgundy Diamonds Chart shows severe depression and no Sparkle yet. The Chinese Market is a huge consumer and as such we all await their Market Recovery which is yet to happen, but is expected to occur gradually. If you are an Optimist, and anticipate this to occur, provided that this Ticker's price remains stable, I would nibble at this one, as it Might Shine Soon. Question: Is there an OPAL Ticker? As I do expect 1 - 2 FED cuts by Year End, I'll be Brave to call this one Long for end 2024. As always, please get a few outside Expert's Advice before taking Trade or Investment decisions. If you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham.
ASX:BDMLong
by hitchcoxg
2
Buying Idea FPH with stop at 32.76FPH has consolidated over few months. stock has manage to weather the big shakeouts during Dec24. looking very strong to make a move again. decent stop with 6.2% to give it enough room. 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:FPHLong
by Gihanhemachandra
symmetrical triangle or a pennant.Symmetrical Triangle (A-B-C-D): The chart forms a well-defined triangle with lower highs and higher lows, which usually indicates a consolidation phase. The breakout has occurred at point D, suggesting strong bullish momentum after a period of indecision. Measured Move: The yellow line projecting upwards likely represents the target based on the triangle's height. The target seems to align with the 0.800 level, suggesting a significant upside potential. This method of setting targets (height of the triangle added to the breakout point) is a common technique. Breakout Confirmation: After the breakout from point D, there is some retracement, but the price remains above the breakout level, indicating that the bullish move is intact. Volume and Momentum: Though volume isn’t visible in the chart, a strong breakout typically coincides with a volume spike, further confirming the move. The retracement after the breakout suggests a healthy correction before potentially continuing higher. Key Levels: Support: Around the breakout level (0.515), which should hold if the bullish trend is to continue. Resistance: The projected target at 0.800. If momentum is strong, the price could aim for this target or beyond.
ASX:ARTLong
by tolacvk
ASX Top 10 Momentum Stocks: 17 Jan 2025ASX:ETM LSE:GCM GPW:EUR ASX:MTM TSX:AYA AMEX:FXG MIL:PTR ASX:PUA GETTEX:VR1 TSX:DXB 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 shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Energy Transition Minerals Ltd (ETM) Green Critical Minerals Limited (GCM) European Lithium Limited (EUR) MTM Critical Metals Limited (MTM) Artrya Limited (AYA) Felix Gold Limited (FXG) Petratherm Limited (PTR) Peak Minerals Limited (PUA) Vection Technologies Limited (VR1) Dimerix Limited (DXB)
ASX:AYA
by ch886
IRI Integrated Research WeeklyIRI Weekly Looking for an entry into this, as fundamentals are good and it appears undervalued Technically near long term support level and has 2x bullish harmonic patterns being a bullish bat and a bullish anti shark These patterns complete at different levels being $0.40c and $0.205c Clearly I prefer $0.205 with oversold indicators as well but this may or may not happen Not enough for me to buy right now but I've added to my watchlist Likely enough to double investment, so this would become a buy, sell half at double and keep the rest to a long term target over years
ASX:IRILong
by dionvuletich
VUL.AU Vulcan up +30% from Recent Lows.VULCAN ENERGY RESOURCES LIMITED is up +30% from it's recent Lows and possible Double Bottom. Still needs a further +10% to break above the last recent High. The Chart should be self explanatory. The Lithium miners are seeing a recent boost after a severe Bashing Down and are now might be seen as undervalued. Congratulations if you got in @ the Lows. As always, please get a few outside Expert's Advice before taking Trade or Investment decisions. If you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham.
ASX:VULLong
by hitchcoxg
ASX:FPH ELLIOTT WAVE ANALYSIS ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation). We see that ASX:FPH stock is about to complete a Triangle with wave 4, and prepare for the push up with wave 5. This analysis will guide you through the key points and important price levels to know the upcoming important market movements in the most intuitive way. Details: The 4H chart shows a more detailed representation of the Triangle of wave (4)-orange. I guess it is probably coming to an end, and preparing to end this fourth wave, so be ready for wave (5)-orange to return. A push above 35.45 would add weight and confidence to this view. Conversely, no push above, instead a break through the end of wave C-grey would eliminate the bullish view of wave (5)-orange. Invalidation point: The end of Wave C-grey Confirmation point: 35.45
ASX:FPHLong
by ShaneHua
DYL Weekly Corrective PatternsThought I would revisit Deep Yellow DYL ASX stock again to see where we are at This stock follows Elliott wave and fibonacci levels very well and was a 500% trade for me from $0.30 up to $1.50, there are multiple posts I created about it along the way The stock itself is in a long term holding pattern as it is unlikely to become profitable in the next 1-2 years Therefore I looked at the overall structure to see if were any corrective patterns and interestingly it has a pattern of forming 3-3-5 flat formations i.e. ABC down, ABC up + larger 5 wave move down or in reverse 3-3-5 flat formations are corrective in nature and trend sideways, but are still tradeable if you know where you are in the overall structure and pick low risk high reward entries and know when you should get out... On this chart if we were to mirror an earlier 3-3-5 pattern and look at what happened next, it created a 3 wave (ABC) move in the opposite direction to the 5 wave move What that means is that I believe it is possible for this to rally from $1.20 to around $1.70 which is a ~40% move, before falling back to $1.20 or lower, then form a base to create a 5 wave move upwards What does this mean? from my perspective it means there is a chance that this could rally short term before dropping back to the origin or even slightly lower and then create another 5 wave move upwards No trade for me, but interesting to see sideways patterns forming and understanding what is actually happening, and also knowing you can trade them...
ASX:DYL
by dionvuletich
2
ASX:COH ELLIOTT WAVE ANALYSIS - 8 JAN, 2025 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master. Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave (y)-orange of Wave ((2))-navy Details: Looking closer, wave (2)-orange looks like it is developing as a Flat labeled A,B,C-grey, and we still have a push lower with wave C-grey. Then wave (3)-orange will return to head higher. On the other hand, the rapid and strong penetration of the 309.63 high directly suggests that wave (3)-orange in the ALT alternative scenario is probably unfolding. Invalidation point: 17.80 Confirmation point: 19.65
ASX:COH
by ShaneHua
BGL has reached support levelBGL has been trading within a parallel channel since 2020. Price has now reached the lower bound of this channel range. This would be a good time to buy more BGL. Gold price has stablised and sitting flat for months now. I am expecting the gold price to move higher in 2025 unless there is a major crash in equities , which is a real possibility because of the overbought signals. But as you know the government and central bankers need to maintain the bubble as there is no going back to sound stable money and price stability. The aim of the game now is to continously inflate until the whole system implodes. price stabliility now means inflation rate of 2-3% p.a. which is like your doctor saying you need to stablise your hba1c but making sure it goes up .5 each year.
ASX:BGLLong
by RogueCleaner
1