ASXSignalCentre

ASXSignalCentre

DOW could be falling out of range. Price has been ranging between 5 and 5.60. Volume has been decreasing since mid march. MACD is in bearish territory and crossover established today. 8 & 20EMA have crossed and price sitting well under. Entry below $5 as this could be psychological level and buyers have been stepping in here. Target is 4.45. Timeframe 1-3 weeks....

ASXSignalCentre

IFL looks to be breaking down as price drops out of channel. Hanging man candle followed by 2 very bullish candles which have taken the price below the 8EMA and testing the 20EMA. MACD crossover and RSI now turning bearish. Down on the 1hr chart the story is even worse with a double death cross of 8EMA under 20 & 100. Target 1: 3.45 Target 2: 3.19 For...

ASXSignalCentre

EMH Showing nice channel action. Looking for a bounce off lower trend line. Will wait for bullish signal confirmation either from price action, MACD cross or volume spike. Alert set for 1.6 as an entry. First taregt would be middle of channel approx 1.82 then up to the top of channel approx 2.09 - 2.165 This is not financial advice and is intended for educational...

ASXSignalCentre

OBL has broken out of recent downtrend then retested. Last weeks trading was very bullish with good volume and now sitting above the volume shelf. Next target is 4.36 followed by 4.56. I will enter this trade with a tight stop at 3.85 For educational purposes only. Please do your own research

ASXSignalCentre

NST. Been following this one for a few weeks. Price broke a 2 month downtrend in mid march with a huge volume spike. Break out came back and retested volume shelf. Price action now confirming bullish move with 3 white soldiers. Multiple price levels could act as targets from here. Long term upper target is around 13.72. In the near term a price needs to get past...

ASXSignalCentre

Bullish engulfing candle bounced off channel trend line followed by big gap up on strong volume. Looks like this one is heading to top of channel. Potential pull back before entry as RSI is heading into over bough territory and price is now outside bollinger bands. Targeting a 7-8% move. up to top of channel. Entry anywhere from 5.80-5.95. Stop loss at 5.68 which...

ASXSignalCentre

Keep a close eye on this one today. Takeover speculation is rife with Murdoch's fox media looking like a potential bidder. Huge volume spike and jump in price but there is a very well respected resistance level around $4.70. Alert set for break of this level or potential fall back into range as the day unfolds. For educational purposes only Do you own research

ASXSignalCentre

RHC has been chopping around between 61-70 since april last year. a recent surge of 3 bullish candles now sees price coming up against resistance area at $68. a clear break above should see an easy run up to $70. If it struggles to break 68 area i'd be looking for a return to low 60's. for now i'm keeping an eye on this and watching closely. the big play is to...

ASXSignalCentre

DXS has been ranging since march drop off. Formed a near perfect sine pattern. Looking for a slight flattening off/pullback over next week for a good entry before targeting $10. Alternatively enter now with tight stop at 9.36. For educational purposes only. Do you own research

ASXSignalCentre

Sonic healthcare looks like a carbon copy of FPH. Found support at 30 with a morning star candle after falling out of channel. 3 very bullish candles on volume now confirming a return to the channel. Targeting 34.60 area as first taregt however POC for the channel sits at 33 which could create some resistance. Long term target would be the top of channel at...

ASXSignalCentre

Fisher & Paykel looking to resume range channel. Found its bottom at 26 support level. Point of control for the channel sits around 31 which could be the first target. Second target would be around 33. MACD crossover with good volume is confirming the move. a more cautious trader might wait for a closed daily candle inside the channel and above 29. Good risk to...

ASXSignalCentre

ASM looks like it will push back up to December ATH. Good volume coming in and lots of positive momentum. Looking for a minor pullback from current price for an entry.

ASXSignalCentre

SER has broken the downtrend and a new trend looks to be forming now that price has broken clear of Point of control on volume profile. Volume looks strong which confirms the move. MACD crossover established. First target would be the resistance level from Mid Jan then on to 0.072

ASXSignalCentre

Descending wedge formation. Will be keeping a close eye on this one for a bounce lower off the trend. Alternatively a break above could signal a new trend. I'd be looking for the new trend to for before entering so a clear break above 4.99 resistance will give me the confirmation. Point of control converges right on the trend line so expect strong move either side.

ASXSignalCentre

The ASX 200 index is looking very delicately poised. Clearly there is an ascending wedge forming but it is unclear if price will break to the downside or upside and when? Price is currently sitting on a support level from December last year. MACD has just crossed to the downside but RSI not showing overbought signals yet. Fundamentals are going to play a big part...

ASXSignalCentre

MAQ at a critical level on or close to 200 EMA which is also the point of control for the volume profile for the may to nov 2020 upswing. a new downtrend has formed. a break below the POC/200EMA could see price fall to the next support level at 40.00 which is also psychological level. Price could hold up today as tech had a big overnigh jump in US but i'm keeping...

ASXSignalCentre

E25 looking good and sitting just above ATH. Company tracking well to its advertised timelines. All indicators still bullish so looks to have a good few weeks ahead to the end of Q1. Happy to take a buy and hold here. Possible retest around 1.980 but should push on to new highs pretty easily. For educational purposes only. Do your own research.

ASXSignalCentre

STX running up the channel. All timeframes agree to bullish continuation. RSI and Bollinger looking good. Past earnings. Might get a bit sticky at 0.355 so could take profit for a 7% gain or hold for a break above and target the top of the channel. Happy to take a buy and hold here for a few weeks. For educational purposes only. Do your own research