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AU200 trade ideas

ASX:XJO still in the uptrend This chart should be self explanatory but as a chartist i cant do without a comment. XJO is still in the uptrend on the weekly chart. Last week and early this week it has come to retest the uptrend line which acted as support in conjunction with the 0.5fib and pushed the price up again. Weekly psar is still showing uptrend and lsma still in uptrend on a weekly TF. One concern so far is the 200WMA aligned with the historic resistance around 5969$. And daily psar is not positive yet. I will keep you posted if anything changes as I always keep an eye on these markets. Keep smashing the likes and stay tuned to my “Stock of the week” new episode this Sunday. Stay safe and nice weekend.
ASX:XJOLong
by xtf_ze_trader
XJO aka ASX still in the uptrendThis chart should be self explanatory but as a chartist i cant do without a comment. XJO is still in the uptrend on the weekly chart. Last week and early this week it has come to retest the uptrend line which acted as support in conjunction with the 0.5fib and pushed the price up again. Weekly psar is still showing uptrend and lsma still in uptrend on a weekly TF. One concern so far is the 200WMA aligned with the historic resistance around 5969$. And daily psar is not positive yet. I will keep you posted if anything changes as I always keep an eye on these markets. Keep smashing the likes and stay tuned to my “Stock of the week” new episode this Sunday. Stay safe and nice weekend.
ASX:XJOLong
by xtf_ze_trader
19/06/2020Today market moved as expected, we have recently changed environment by making lower lows compared to recent moves. A W formation was created on the 4 hourly between the 12th and the 16th. I really want to see the market close on either the 0.382 FIB or preferably the 0.5 FIB which would provide strong confluence and support at this level. I will watch closely around the 0.382 to see if there is a shift in market sentiment and the rally will continue to make higher lows and higher highs. The wick from the first half of today I expect to get filled in the next day or two. 3855 would be ideal for me to feel safe to hold long term from here. DYOR, all IMO. 6497 - A possibility if the 0.382 FIB is the only once reached.
ASX:XJO
by camb0_123
XJO - Updated EW count XJO is in 5th wave of down cycle. It has completed WXY corrective up cycle from major bottom in 2 hr time frame. The drop from last swing high in 30 min time frame is impulse and within its 5th wave. In futures of XJO it dropped in A impulse wave down, which is not still confirmed in XJO Index. Wait for little more price action, which decides the next correction. In futures it made new low and getting divergence in indicator too. Will see how it moves in Index now.
ASX:XJO
by EWFcw
4
XJO end of 13/06/2020. Opening green next weekFinally, a pullback we've been waiting for. XJO was running way too fast and pullbacks are healthy in the long term. The pullback came right at the 0.618 FIB level. Tested the 200MA and will be interesting to see if we hold the 200MA next week. RSI is still relatively overbought but as the pullback was so sharp, I expect a green day on 16/06/2020 Monday. Apart from the technicals, other reasons for the pullback include 1. Fears of 2nd wave 2. End of financial year profit-taking 3. Federal reserve grim outlook 4. Riots Next week will be a decisive week in determining which direction the market is headed. The overall sentiment is optimistic but the market does not care. Next bullish target is 6380 level. All the best if you went Long on Friday on short-medium term positions.
ASX:XJOLong
by ashainp
3
My Bearish view of ASX200 and When to enter for the Long Term.For those that use the "Fib Speed Resistance Fan", our XJO hit 0.25 and retraced. Could we retrace back to the 0.382 in the coming days/weeks? Also, I wish I have found this earlier!! This has correctly forecasted the support line during the March lows. Furthermore, a good entry point for investing in the long term is when the " William R" is below the yellow and is rising from the bottom. The last three times this has picked the bottom! I will be watching these indicators at the next sell-off.
ASX:XJOShort
by johninvest17
2