rutt

rutt Updated 

Just an observation: Everytime the Australian consumer confidence index has fallen below 80 into severe pessimism the XJO has corrected atleast 30% from peak to trough. This has been the case the last 4 times over a 40 year period. Currently XJO has a had a decent correction but not even close to 30%. Looks highly probable that we are headed down below 80...

rutt

Thought I'd throw up a diverse bunch of ASX growth stocks with decent market caps showing solid relative strength. Considering how crappy the market is, it probably pays to start looking at relative strength lOVISA, WISETECH, LIONTOWN, MEGAPORT, ALTIUM are all showing double figure gains this financial year. Their relative strength v the XJO is a clue instituions...

rutt Updated 

HUB 24 - the share price has been taking a breather of late, however, the chart is suggesting it looks ready to break out (H&S pattern) and may be headed to test the all time high resistance. Additionally, volume is drying up considerably, which could result in a bullish run up. Looking to enter on breakout with above average volume.

rutt

NMT looks to have broken out of resistance. Above average volume has come through. Could be ready to run nicely. Looks a nice risk reward trade

rutt

Down trend in LOVISA may be coming to an end as a diamond bottom pattern has formed which is due to break this week. Watching closely for a break out bar of the resistance line at approx $19.50 mark with above average volume.

rutt

Solid volume coming through the last few days. If SRG can close above the 62 mark I'm thinking thats confirmation of the cup and handle breakout and the start of a nice bullish run. Additionally the Moving average compression is breaking to the upside and the relative strength v Index is strong.

rutt

LKE looks to be coming back to the 1.10 ish mark and if it does a decent trade is going to present. Looking to buy the pullback of the breakout line.

rutt Updated 

CSL charts suggest that the price action is looking for a support zone and if it eventuates the $200 - $230 range would be a great spot to pick it up for a long term hold.

rutt Updated 

Fmg - looks like the uptrend is about to resume. Key techinical - Inverse head and shoulders formation. FMG chart suggests it could be headed to $30. Resistance at $26. 20% upside. Key fundamental - Iron ore prices at record highs to continue, resulting in record EPS ( big dividends ).

rutt Updated 

Ascending triangle pattern formation has broken out in the luna chart, has retested support and looks to still have approx 50% upside.

rutt Updated 

The ETH Cup and handle breakout is currently coming back and retesting the old resistance level. High probabilty that the old resistance level becomes strong support. Looking for buy signal on heikin ashi smoothed (on chart) and watching relative volume closely . Target is $6400.

rutt

A high probability the ETH Bears will be sleeping for a bit longer. A very Bullish flag pattern in the ETH/BTC chart is getting close/ready to busting out/up. When it breaks it likely runs hard as this coincides with the cup and handle breakout retest ETH//USD CHART. link below. Target is ETH $6400

rutt

Raven coin chart is showing a Symmetrical triangle pattern . Could be some nice upside ( roughly 80%) with an ideal risk /reward. Looking to enter a Breakout of triangle pattern to the upside.

rutt Updated 

Key Technicals - High probability trade here with the REA chart showing a Cup & handle pattern. Looking to buy on breakout (top of cup) with above average volume or on the breakout retest as resistance becomes support. Key Fundamentals - Governments likely make sure housing recovery keeps on keeping on.

rutt

Technicals - bullish Flag , highest probabilty entry is bullish candle on volume spike above $18. Fundamentals - ''Cloud computing growth'' The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate ( CAGR ) of 17.5% during the forecast period. www.globenewswire.com

rutt Updated 

Brambles is one to keep an eye as the range tightens inside the triangle pattern. breakout is coming soon. Which way it breaks your guess is as good as mine, however, if we go off the last decade of BXB chart patterns we should see a bullish breakout. Additionally, Todays trading update: www.asx.com.au looks promising.

rutt Updated 

The XJO chart has a bearish rising wedge formation that is coming to a cross roads. Looks like a break to the downside is highly probable leading into the end of the 20/21 financial year.

rutt

Key Technicals - Symmetrical triangle pattern suggesting there could be some nice upside in AD8 ( roughly 30%). Looking to enter a Breakout of triangle pattern. Trend to continue bullish if we break the high side. Key Fundamentals - Plenty of growth as AD8'S products are becoming more of a necessity rather than a luxury. asx.api.markitdigital.com