Fluence Corporation has the potential for a downward move if it closes below $0.39C. RSI not to strong
The Cann Group is involved with medicinal cannabis from cultivation to distribution/supply of medicinal cannabis. It has the potential to breakout of the long term down trend and a move above the previous support/resistance around $2.50 (red dotted line) will provided a potentially bullish move. Wait and watch for a setup.
BUB.ASX is poised to make a move upwards with the next resistance between .62 and .65c. This is not a recommendation to buy or sell and not financial advice
It has completed a retracement back up to 6274 (0.886% fib level) of the move down from 30/08/2018 to 21/12/2018. It is now forming a H & S pattern on the 4 hour chart. Watch for a break of the neckline on bearish sentiment or a bounce back up if the neckline holds. Current RSI below 50
Having formed the inverted H & S pattern NAB is consolidating the breakout and has the potential to move higher. WBC and NAB could easily share the same chart as the price action is virtually identical. An inverted H & S pattern is not very reliable and this is not investment/financial advice.
This script is on my watchlist for 2 reasons. 1 - It has shown a huge amount of volume in the recent past which has not been reflected in an upswing in price. The steady price level indicates that any additional interest will generate an up move. 2 - The script is forming a round bottom and the chances of a further move down are limited but cannot be discounted....
Capricorn Metals had a new BoD replace the old one, who had resisted a takeover attempt. The price is breaking out form an inverted head and shoulder formation with a long bullish candle. A close above the .075 level has bullish potential. The RSI is now in the positive zone. This is not investment advice nor a recommendation to buy/sell. Please DYOR.
CHC has rocketed up quickly and is now showing signs of fatigue with the RSI diverging. Be prepared for a potential downturn because what goes up must come down :-). Not investment or trading advice . Just my random thoughts
Since breaking out of the inverted head and shoulder pattern, APT has appreciated by approx $5.On the daily chart APT formed a shooting star candle and along with the divergent RSI points to a potential reversal in price.
Once again a confluenece of fib levels between .17c and .18c. It is also a support level as the price has retracted and tested it about 3 times. Pantoro is a debt free company but is currently raising capital via a SPP issue. I am interested in the junior gold miners but this is not investment advice nor a buy or sell recommendation.
After the price topped off at .65c, it retraced down to the .618 fib and is supported by the 200 day MA. Just below it in the .45c zone is a major historical support zone. An upward move in the gold price will provide an impetus for a break of the trend line and for the price to move. I think in this chaotic world, the gold price is just waiting for an opportunity...
The Vita Group has broken out but hit a Historical resistance zone between $1.30 and $1.35. Technically it should retest the 1.25 breakout level before it makes a move up. That will also give the RSI a chance to move back down.This is not investment guidance or advice.
Afterpay (APT) formed an inverted Head and shoulder formation. It then broke out with a gap in price and retested the support around $15. I calculate the next resistance around $18.75, though the move could extend to $19.50. This is not investment advice.
Having done a retracement to the 61.8 fib, the price has been making higher highs and lower lows within a symmetrical triangle. With the Gold price expected to dip in the short term but being touted as "bullish" long term, there is a potential opportunity to go long on the breakout from the triangle.
The chart shows a potential Head and Shoulder formation is taking shape. Depending on whether it breaks down or bounces, there will be opportunity for trades. Not investment advice folks.
The Nifty 50 is forming a H & S pattern on the weekly chart and should that happen there is a potential for a downside move to the 9000 level. Early days but worth watching
The DAX has broken the H & S neckline as well as the 200 MA on the weekly timeframe. It is potentially heading to the 10000 area but will the trendline hold and produce a bounce. This is not trading or investment advice but my personal opinion.
Whilst the price has dropped down from 3.60, the retracement a little lower than the 50% fib seems to be almost done. The price as bounced off the long term trend line and a previous resistance level (which should now serve as support). For some strange reason, the stock market moves the price of gold miners based on the gold price. I do not agree with this view...