Prices have been coiling on the daily chart to form a potential bullish pennant / symmetrical triangle, which hints at further gains. RSI (14) remains over 50 on the daily chart, and volumes were lower during the consolidation to show lack of conviction from bears, sellers stepping in at the cycle highs. The 1-hour chart shows prices retracing lower after RSI (2)...
Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May. ASX:IPH represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price along with swing up of bearish DMI indicator and swing down in RSI (consider a...
Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May. ASX:JMS represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price along with swing up of indicators such as DMI/RSI. Stop loss for the trade...
Detected 10-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 10-May. ASX:BC8 represents a potential bullish opportunity should momentum continue and newer highs be made. Trade is further supported by a volume spike noted on 09-May. Entry conditions: (i) higher share price above the level of...
Detected 03-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 03-May. ASX:AMC represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price above the day of gap-up (preferably along with swing up of indicators such as...
Detected 03-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 03-May. ASX:WOW represents a potential bearish opportunity should momentum continue and newer lows be made. Trade is further supported by a volume spike noted on 02-May and a gap-down noted on 02-May. Entry conditions: (i) lower...
Detected 12-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 12-Apr. ASX:AX1 represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price along with swing up of bearish DMI indicator and swing down in RSI. Stop loss for...
Detected 30-Apr (detailed commentary and full scan results available in the signature below - will be covered in next commentary). Not activated as at time of review of 30-Apr. ASX:SLR represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) breach of the upper confines of the Darvas box formation -...
Detected 19-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 19-Apr. ASX:SFR represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) breach of the upper confines of the Darvas box formation - i.e.: above high of $9.28 of 9th April...
Detected 12-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 12-Apr. ASX:JDO represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price along with swing up of indicators such as DMI/RSI. Stop loss for the trade...
Detected 26-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 26-Apr. ASX:IRE represents a potential bullish opportunity should momentum continue and newer highs be made. Trade is further supported by a prior resistance level of $8.53 established previously on 10-Apr which could potentially...
James Hardie vs Boral Limited ASX:BLD - Price action side by side - Key levels of Boral - Keep track of sector and companies - Trend first and later study fundamental ( for me😉) Waiting for your comments to learn and share more .... disc: Not invested , don't know about future no recommendation only education and entertainment
Detected 19-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 19-Apr. ASX:BOE represents a potential bearish opportunity should momentum continue and newer lows be made. Suggested to await clearance of support level before entry into trade. Entry conditions: (i) lower share price along with...
Detected 26-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 26-Apr. ASX:QPM represents a potential bullish opportunity should momentum continue and newer highs be made. Trade is further supported by a volume spike noted on 22-Apr and a gap-up noted on 23-Apr. Entry conditions: (i) higher...
AU200AUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the...
AU200AUD - 24h expiry Price action looks to be forming a bottom. Short term RSI is moving higher. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7650 will confirm the bullish momentum. We look to Buy at 7600 (stop at 7560) Our profit targets will be 7700 and 7725 Resistance: 7650 / 7675 /...
Detected 19-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 19-Apr. ASX:CPU represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions (once third candle above the low of the Darvas box is formed): (i) breach of the upper confines of the...
Detected 12-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 12-Apr. ASX:CMM represents a potential bullish opportunity should momentum continue and newer highs be made past the current position. Entry conditions: (i) breach of the upper confines of the Darvas box formation - i.e.: above...