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Australia 200 Index

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AUS200 trade ideas

XJO aka ASX200 attempting to break the 200MA XJO aka ASX200 is trying to reach one milestone that has been thing of the past since the last plunge in early March 2020. is it gonna succeed and fly higher to the moon or this is gonna be a rejection and send us back to the abyss. As TA lets dive deep into the charts and analyze. From last few days XJO has come up with strength trying to defy the bears traps that wanted to push down down into the abyss. But at the moment the price is at a critical point: 200MA which has been historically the separation line between bull and bear market. Does XJO has strength to break that magic line and go up towards the 7k levels? I have been keeping an eye on this index to know the directions of the whole Australia stock market as we know it. Below are the highlight of the bulls strength vs Bears strength: - 50MA acting as support: we saw last time price bounced on this magic line - PSAR flipped to the upside which is inherently bullish - Price above the Golden Fibonacci. Hopefully it will act as support - Price above historic resistance/support at 5969 - Price attempting to break 200MA this is bullish if and only if the price rips up that 200MA. - Bears have one point too, the uptrend line has been broken few days back and it may be hard to reclaim it probably we will have to draw a new uptrend line. For those late to the party and who want to go long better wait for the price to close above the 200MA at least 1 day then try to get in with tight stop loss. I will keep you informed as this market keeps swinging up and down. Stay safe and dont forget to smash the liked. I am scanning the market for the next stock of the week as I have been giving you the best of the bests so far. XTF.
ASX:XJOLong
by xtf_ze_trader
2
XJO - Heavy Resistance Zone So the last 3 months we have stalled around and up to 6150 it's obviously an important area but it's actually a VERY important area, the reason why we've had such a hard time getting through is not only due to the .618 Fib level but also we have a convergence of the 200 day MA and the 200 week MA, hence why we have stalled from a technical viewpoint, the outcome of this move (breakout or failure) will determine which way our market goes longer term. However I view it as bullish the fact that we have sort of hung around and consolidated below the zone, with no real major rejection, suggests that energy is being formed for a bigger breakout move to the upside which is common when a chart has consolidated below a key area. We'll have to wait and see
ASX:XJO
by Ravi2409
3
The trend is your friend, Go long until this breaks. It did $XJOWe closed below the trend line last week, can we get above it this week??? If we fail to do so, more selling will come and this could go for several days or weeks. The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893) it will trigger a sell signal with the TD sequential indicator. Furthermore, the MACD indicator is about to fire a sell signal... Therefore, be careful trading this week. Maybe, it is a good time to take some profits ...
ASX:XJO
by johninvest17
S&P ASX 200 crucial price points to watch for 3/8/2020S&P ASX 200 crucial price points to watch 3/8/2020 The Index closed Friday's session down more than 2% but managed to close just above a critical point at 5191.20, which was also in line with the bottom of the price channel, as indicated on the H 4 price chart. 5191.20 will be the first crucial point to watch on Monday's session; the Index will need to hold above this point to head back up. If successful, 5998.40 and 6046.70 could be its immediate targets. The Index could fall further down to 5870.88 and 5791.00 if it fails to hold above 5191.20
ASX:XJO
by Rotuma
6
LAST ROLL OF THE DICE...After burning thru a tonne of Money on Puts dated far too short since March 24th , I think I finally have it right since the Global "ROLLOUT" of the incredibly annoying campaign of concerted MARKET WIDE INTERFERENCE by 1st World Central Banks in what has amounted to the CIRCUS equivalent of an ' ALL BELLS, WHISTLES COMPLETE WITH STUPID HORNS' CLOWN PARADE PAR EXCELLENCE !!!' Whilst it was OK to kick the can down the road for many years, that required a fundamental prerequisite to continue; ..that there still was a road to kick it down !!! Unfortunately he Clown Car full of Central Bankers, Socialists and Keynesian Economists has failed to note the Skull and Crossbones sign screaming: "DANGER !!! ROAD ENDS !!! YOUR LIFE IS AT RISK !!! TURN BACK NOW !!!" As such, the Clown Car, full of CLOWNS falls off the cliff and begins tumbling into the abyss starting this Monday 27th July 2020 and we will see the start of the Elliot down in what will be devastating to MOST ASSET PRICES in a rampant continuation of the ANGRY Bear's RAMPAGE that was briefly put on hold ONLY via MASSIVE GLOBAL STIMULUS, STAGGERING MONEY PRINTING and HELICOPTER MONEY for ALL and ALL MANNER of stupid Central Bank Interference and an unprecedented 'propping up' of Zombie Consumers/Workers/Businesses and Investors to such an outlandish,unnecessary level I think even the dyed in the wool Socialist Maynard Keynes might have questioned as 'excessive' & 'inefficient'...how about 'not prudent' Maynard? Me thinks so very much! After a good amount of some well informed reading tonight I AM convinced that on Monday... the Levee breaks and OOOOOFFFFTTTT !!! Watch out below. To save writing an EPIC to justify my belief to you and largely plagiarising much of what others have written, I've included the links that confirmed and strengthened a view I already had to confidently call "TIME" on this Clown Parade anf for Fundamentals, Sanity and Truth to re-assert itself : The Music has stopped, Party is over, BULLS GO HOME or face nothing short of Financial Genocide. Wait until the Market assimilates the information contained in the links below. Sobering reading indeed... schiffgold.com schiffgold.com schiffgold.com schiffgold.com schiffgold.com schiffgold.com schiffgold.com schiffgold.com www.zerohedge.com I ALSO draw your attention to the Double top that was soundly rejected today as even Johnny Public has begun to ask the million dollar question: "How can the Stock Market be going up yet..?" The data, the data, data..? I note, interestingly, that next week's predicted Market Meltdown will just so happen to coincide with the Gold spot price making new ALL TIME HIGHS this weekend. I'll leave you to draw your own conclusions just from that KEY piece of information. Gold is still "the Canary in the Coalmine." Stay safe and God Bless. xCM @MystryBox & @Fractal777 > I think our time has arrived! Thank Christ for that as anymore of this Market Insanity I think I may have gone "Joker" and flipped ! ! !
ASX:XJOShort
by craigemm
17
ASX:XJO reclaiming the trend lineASX:XJO has had trouble in the last few days to keep the upward momentum(you can find more info in my last post about XJO). But in this simplified chart, it seems it is back to claim its original trend line. you can see the price is back up the blue trend line. it has come back to retest it and to keep the bullish sentiment it has to stay above this line and soon take over the 0.618 golden fib and the 200 SMA( the red line). Other bullish signals: - price above 50MA - velocity is positive - the acceleration has turned positive I will keep an eye on this chart and let you know where we stand. for the time being the trend is your friend. Stay safe and have a profitable week. dont forget to smash the likes. XTF
ASX:XJOLong
by xtf_ze_trader
2