SHV.ASX_Retracement Trade_LongENTRY: 8.30
SL: 7.80
TP: 8.98
- ADX>20
- RSI<50,RSI>30
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Retraced to 38.2 - 50% fib level and HVN area on low volume. Holding well and showing possible buyers in control on 29 Sep 2021 and 5 Oct 2021.
SHV trade ideas
SHV_Long on retracementWkly:
RS + FFI > 0
MACD Bullish
Stoch K% + D% > 70
RSI > 50
Daily:
RS + FFI > 0
MACD Bearish but crossing up
Stoch D% + K% > 60
RSI > 50
Price close above previous high + good volume on 5 Oct 21; 50SMA holding + above 61.8 Fibo level
Entry: $8.30
SL: $7.80
TP1: $8.98
TP2: $9.37
SHV.ASX_Range Breakout Trade_LongENTRY: 8.12
SL: 7.63
TP1: 8.82
TP2: 9.35
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Ranging since 29 Jul 2021.
- Retraced close to 38.2% Fib level (7.67) with lower volume.
- Breakout with high volume today.
SHV.ASX_Retracement Trade_LongENTRY: 5.39
SL: 6.72
TP: 8.13
- ADX>20. Would like to be higher.
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Broke out range on 13 Jul 2021 with high volume.
- Retraced close to 38.2% Fib level with lower volume.
- Up with high volume today indicating possible buyers coming in again.
SHV Buy setupPlease check the chart, do not rush it in without any confirmations.
Select Harvests is Australia's largest almond grower and processor, and is the third largest grower worldwide. It manages almond orchards in Victoria, New South Wales and South Australia, and is also involved in the manufacture of a variety of food snacks and muesli.