Clear Head and shoulder formation with a breakdown at the neckline taking place today. All indications support a bearish move. Be patient and wait for the retest to complete. No FOMO
3 failed attempts to break the $5.50-$5.60 zone has consequences
Has formed a massive inverted H&S pattern on the daily. The neckline is $4.28c zone whist the ATH is $4.50c zone. Be patient with this one as chances of a false break are high. So are chances of a retracement from the neckline. The pattern is notorious for such behavior
From ATH ($0.195c) in June 2021, it retraced to 61.8%fib zone around $0.08c. Since then it has recovered some lost ground making higher lows. $0.11c is strong historical S/R zone but a break & close above that will potentially be bullish
This TA is done based on a request. I have taken a longer time frame chart assuming that the request is based on a longer term investment decision. The weekly chart shows the price action is currently at the all time high & faces resistance in the short term. RSI also shows divergence. This means that interested buying may pause to allow for the price to correct....
Mining & exploration co. HQ in Brisbane. Production & sale of copper, gold and silver & exploration for copper & gold. After bottoming around $0.03c it has been gaining in strength with strong support levels at $0.085c & $0.135c. A strong green breakout candle today. Wait & watch for the retest of the break as these days many breakouts are failing the retest
Arafura Resources Limited is an Australian mineral exploration company focusing on rare earth elements. With it's headquarters in Perth, Western Australia it is s listed on the ASE. The company's flagship project is the Nolans Rare Earths Project, located in Australia's Northern Territory. After retracing down to 61.8% fib zone & testing the $0.16c level twice,...
$3DP - Retraced down to the 61.8% fib retracement level where it found a support/resistance zone @ $0.55c. Has bounced back strongly but should retest the breakout before continuing its bullish journey
Weekly shows the bounce off the confluence of fibs levels (61.8% & 78.6%) that are considered deep retracement levels. RSI has turned up. Daily shows that a break above the $1.27 zone will be bullish. Be patient
This graphic is self explanatory but needs to be followed daily if you trade the ASX. This is a wait & watch situation.
This is setting up nicely & is worth watching for a break & retest of the neckline. Do not jump in with FOMO because there is a possibility of it turning back at the neckline. Watch & wait (W&W) Be patient
We are seeing a trend reversal on the weekly with a nice round arc & price approaching the high from April 2020. The $0.13c - $0.16c zone (yellow bar) is critical & needs to be surpassed with some strong bullish moves in order for the trend reversal to gain momentum. Watching
Price jumped up today 15% on a QTR update. Weekly shows the price in a wedge testing the 78.6% fib retracement & bouncing of that zone. Daily - Price is testing $5.55 - $5.60 a historical support/resistance zone. Break of that zone & the trendline will be bullish
Since its ATH has retraced to the 50% fib & then cranked up the power to break above the $0.39c zone (38.2% fib). IMHO a retest of the break of the $0.39c zone is about to take place before it runs. Worth watching this week
Daily chart shows that the confluence of fib levels acted as support & price is approaching a historical support/resistance zone around $2.05. A break from that zone & the trendline will be bullish. This miner is expanding with takeovers & integrating them into the operations pretty well. The stock has good long term growth especially due to the bullish nature of...
After retracing to the 61.8% fib, it has bounced out of the trendline but not the resistance zone of $1.42c. Whilst PA suggests bullishness, I would prefer a confirmation with a break of the $1.48 - $1.51c zone
Having formed an inverted H&S pattern, it is around the neckline & the previous high. A break of $4.25 zone & a successful retest will be bullish
AVZ Minerals Limited is an Australia-based mineral exploration company engaged in the business of mineral exploration in Namibia (Think "risks") . It explores for mineral reserves within Africa for base metals. TA for the daily chart shows bullishness ahead. Currently it needs to break & close above the $0.105 - $0.11c zone for a bullish continuation. The $.105...