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Bisalloy Steel Group Limited (ASX: BIS) Technical Analysis Sum-rCurrent Trend and Price Action Long-Term Trend: The stock has been in a strong uptrend since early 2021, marked by a series of higher highs and higher lows. Recent Correction: The recent sharp decline from a peak near AUD 4.50 to around AUD 2.69 indicates a significant pullback. This could be a correction after a strong upward move, suggesting a temporary bearish phase within a larger bullish trend. Moving Averages Analysis 20 EMA (Short-Term): The stock has broken below the 20 EMA, indicating short-term bearish momentum. This suggests the immediate trend may continue downward unless a reversal signal appears. 50 EMA (Medium-Term): Currently at around AUD 3.00, the 50 EMA may act as a near-term resistance if the price tries to recover. 100 and 200 EMAs (Long-Term): These are trending upward and currently positioned around AUD 2.00-2.20. These levels provide strong long-term support and may act as a potential bounce zone if the price continues to decline. Support and Resistance Levels Immediate Support: AUD 2.50, where previous consolidation occurred. If the price finds support here, it could present a buying opportunity. Major Support: AUD 2.00-2.20, near the 100 and 200 EMAs. This range could provide strong support due to its alignment with long-term moving averages. Resistance: AUD 3.00 (50 EMA) and around AUD 4.00-4.50 (recent peak). These levels will be critical resistance zones if the price begins to recover. Volume Analysis The significant volume spike during the recent peak and subsequent decline suggests strong selling pressure, possibly due to profit-taking or adverse market sentiment. Trading Strategy Bullish Scenario: Enter a long position if the price stabilizes around the AUD 2.50 support or shows bullish reversal patterns around the AUD 2.00-2.20 range. Profit Target: First target around AUD 3.00 (50 EMA), with a second target near the recent high at AUD 4.00-4.50. Stop-Loss: Set a stop-loss just below AUD 1.90 to protect against a breakdown below long-term support. Bearish Scenario: Consider a short position if the price breaks below AUD 2.50 with strong volume. Profit Target: Around AUD 2.00-2.20, aligning with the 100 and 200 EMAs. Stop-Loss: Place a stop-loss above AUD 3.00 to limit losses in case of a rebound. Bisalloy Steel Group Limited's stock is currently in a corrective phase after a strong uptrend. Key support levels are around AUD 2.50 and AUD 2.00-2.20. Watch for potential bullish reversal signals at these levels, or further downside if they fail to hold. Use appropriate stop-losses to manage risk in either scenario.
ASX:BISShort
by oleksandrdykh
Ampol Limited (ASX: ALD) Technical Analysis SummaryCurrent Trend: The stock has been in a long-term uptrend but recently experienced a pullback after reaching a peak. Moving Averages: 20 EMA (Short-Term): Shows a downward trend, indicating short-term bearish sentiment. 50 EMA (Medium-Term): Flattening, which suggests potential weakening of the medium-term uptrend. 100 and 200 EMAs (Long-Term): Still trending upward, indicating that the long-term trend remains bullish. Support Levels: Immediate Support: AUD 27-28 (near the 50 EMA). Stronger Support: AUD 23-24 (near the 100 EMA). Resistance Level: Around AUD 35, near the recent high. Trading Strategy: Bullish Scenario: Enter a long position around AUD 27-28 if reversal signals appear. Set a profit target near AUD 35 and a stop-loss below AUD 22. Bearish Scenario: If the stock breaks below the 100 EMA (AUD 23-24), consider a short position targeting the 200 EMA (AUD 18-20). Set a stop-loss above AUD 29. Watch key support and resistance levels to determine the stock's next move. Use appropriate stop-losses and profit targets to manage risk effectively.
ASX:ALDShort
by oleksandrdykh
Looking at the weekly chart of Fenix Resources Ltd (FEX)Long-Term Trend: The stock has been in an overall uptrend since 2020, evident from the steady upward movement and the upward sloping 200 EMA (Exponential Moving Average). The 50 and 100 EMAs are also trending upwards, confirming the long-term bullish trend. Recent Performance: There was a significant spike in price leading up to mid-2024, reaching a peak around the 0.44 AUD mark before a sharp correction occurred. The price has retraced to the 0.30 AUD level, suggesting some profit-taking or a reaction to market news. Support: The stock seems to have strong support around the 0.295 AUD to 0.300 AUD level, which aligns with the previous consolidation zone. This is also around where the 50 EMA is currently positioned. Resistance: Immediate resistance is likely to be around the 0.360 AUD to 0.370 AUD level, where the stock has previously struggled to maintain upward momentum. Moving Averages The 20 EMA has crossed below the 50 EMA, which could be a bearish signal in the short term, suggesting the possibility of further downside. However, the longer-term EMAs (100 and 200) are still sloping upwards, which is a positive sign for the overall trend.The price is currently resting on the 50 EMA, which might act as a short-term support level. Volume Analysis There was a noticeable increase in trading volume during the price spike, followed by a decrease as the price corrected. This suggests that the recent rally may have been driven by strong buying interest, but the correction might indicate that the buyers are currently pausing or taking profits. Profit Target: If the stock rebounds from the current level (around 0.30 AUD), the first profit target could be around 0.360 AUD, aligning with the next resistance level. A more optimistic target could be around 0.400 AUD if the stock regains upward momentum. Stop Loss: A prudent stop loss would be placed slightly below the recent low, around 0.280 AUD, to protect against a further downside move, as a break below this level might suggest a deeper correction towards the 100 EMA around 0.260 AUD. Prediction Given the current chart setup, the stock may continue to consolidate around the 0.30 AUD level before making a more decisive move. If it holds above the 50 EMA and gains bullish momentum, it might attempt to retest the 0.360 AUD resistance. However, if it breaks below 0.295 AUD, the next key support might be the 100 EMA around 0.260 AUD, which would be crucial to watch. In summary, FEX is currently at a pivotal point. Traders should watch for a bounce from the current level as a potential buying opportunity, but be prepared to exit if the stock breaks below key support levels.
ASX:FEXLong
by oleksandrdykh
2
Finer Market Points: ASX Top 10 Momentum Stocks: 26 Aug 2024ASX:LRV ASX:APX NYSE:EXR ASX:MME PSE:AEV NYSE:WTM GETTEX:AQC NYSE:PDI ASX:I88 NASDAQ:NXL 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: Larvotto Resources Limited (LRV) Appen Limited (APX) Elixir Energy Limited (EXR) MoneyMe Limited (MME) Avenira Limited (AEV) Waratah Minerals Limited (WTM) Australian Pacific Coal Limited (AQC) Predictive Discovery Limited (PDI) I88 (Name not found) Nuix Limited (NXL)
ASX:MME
by ch886
Finer Market Points: ASX Top 10 Momentum Stocks: 20 Aug 2024ASX:APX ASX:LRV NYSE:WTM ASX:NXL ASX:MEK GETTEX:CYL ASX:MME GETTEX:AWJ NYSE:PDI ASX:ZIP 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: Appen Limited (APX) Larvotto Resources Limited (LRV) Waratah Minerals Limited (WTM) Nuix Limited (NXL) Meeka Metals Limited (MEK) Catalyst Metals Limited (CYL) MoneyMe Limited (MME) Auric Mining Limited (AWJ) Predictive Discovery Limited (PDI) Zip Co Limited (ZIP)
ASX:NXL
by ch886
Finer Market Points: ASX Top 10 Momentum Stocks: 19 Aug 2024ASX:LRV ASX:APX GETTEX:AQC NYSE:WTM ASX:RIM LSE:ARV ASX:ZIP ASX:MEK GETTEX:CYL NASDAQ:NXL 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: Larvotto Resources Limited (LRV) Appen Limited (APX) Australian Pacific Coal Limited (AQC) Waratah Minerals Limited (WTM) Rimfire Pacific Mining Limited (RIM) Artemis Resources Limited (ARV) Zip Co Limited (ZIP) Meeka Metals Limited (MEK) Catalyst Metals Limited (CYL) Nuix Limited (NXL)
ASX:LRV
by ch886
Buy CBA @ 129bought CBA @ 129 with 3% stop, given substantial reveal over 9% from high with major market crash, CBA look to get it head up again if Mkts start recovering from here. Earnings is due in 5 days so be ready for volatility but this could also work to advantage if markets also get stable. CBA bounce from 50day Moving avg every time during this up uptrend stage so this reversal support this trend. this trade is for short term gain and would look to finance the risk as soon as possible or cut the risk by half if not work our way.
ASX:CBALong
by Gihanhemachandra
1
Finer Market Points: ASX Top 10 Momentum Stocks: 14 Aug 2024XETR:HCL ASX:ATX NYSE:AME GETTEX:AQC NYSE:WTM ASX:RIM ASX:NOX AMEX:TTT EURONEXT:COV GETTEX:CYL 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: HighCom Limited (HCL) Amplia Therapeutics Limited (ATX) Alto Metals Limited (AME) Australian Pacific Coal Limited (AQC) Waratah Minerals Limited (WTM) Rimfire Pacific Mining Limited (RIM) Noxopharm Limited (NOX) Titomic Limited (TTT) Cleo Diagnostics Ltd (COV) Catalyst Metals Limited (CYL)
ASX:CYL
by ch886
Finer Market Points: ASX Top 10 Momentum Stocks: 13 Aug 2024XETR:HCL ASX:RIM AMEX:TTT ASX:IXU ASX:ST1 AMEX:AMS NYSE:WTM ASX:LRV ASX:VGL EURONEXT:COV 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: HighCom Limited (HCL) Rimfire Pacific Mining Limited (RIM) Titomic Limited (TTT) IXUP Limited (IXU) Spirit Technology Solutions Ltd (ST1) Atomos Limited (AMS) Waratah Minerals Limited (WTM) Larvotto Resources Limited (LRV) Vista Group International Limited (VGL) Cleo Diagnostics Ltd (COV)
ASX:VGL
by ch886
Finer Market Points: ASX Top 10 Momentum Stocks: 12 Aug 2024TradingView Post: ASX:ATX NYSE:AME ASX:APX AMEX:TTT ASX:RIM ASX:LRV NYSE:WTM EURONEXT:MAU GETTEX:CYL ASX:VGL 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: Amplia Therapeutics Limited (ATX) Alto Metals Limited (AME) Appen Limited (APX) Titomic Limited (TTT) Rimfire Pacific Mining Limited (RIM) Larvotto Resources Limited (LRV) Waratah Minerals Limited (WTM) Magnetic Resources NL (MAU) Catalyst Metals Limited (CYL) Vista Group International Limited (VGL)
ASX:ATX
by ch886