ASX - BEARBullflag until 2nd quarter earnings? slow grind down for another 3.5 weeks? WIll monitor. No stops in placeby jonnytren1
BEAR historic charting. $9.05 bounce??Just some observations and charting patterns on historic ASX:BEAR. Could it be foretelling a repeat of a market reversal of the ASX?Shortby rhysddUpdated 1
Longing the BEAR ASX200I think now the BEAR begins and very fast. 29 June & 27 July The Money Flow indicated Bottom was in. This week we have ended with the candle above the mid-line of the Linear Regression & the Stochastic RSI Poking its head above the oversold area. Only thing left is for the price to be above the mid Bollinger band. But as things drop quickly you might miss these gains So right now I am Longing the Bear Longby GlobalTrader_0
What do the Aussie BEARS think?This is BEAR an easy way to short the ASX with this ETF, BEAR goes up is stockmarket goes down. Looks like we are moving up from the bottom Linear Regression and forming a higher low as we speak. On this 2 day chart we been sitting in oversold StochRSI since the beginning of April and now is opening up to the upside. The bottom Finder indicator is @ 17 which is at its highest level going back as far we can with this chart. On the weekly is much greater at 25. On the Daily chart the RSI had been oversold only to come out of it, while on the daily the MFI over took the RSI meaning the money is flowing in. I do believe (looking at this chart) if I had my opinion that we will see a new low for the stockmarket and see high on BEAR, But if we break/close 11.50 than direction change and we saw bottom highs in March for BEAR. Have a look at the ASX200 I wrote on yesterday and compare. PS, My daughter added the cat in the charts Longby GlobalTrader_226