$SRK $SRK.ASX inverse Head & Shoulder pointing higher prices
$NAC $NAC.ASX at resistance NAOS EX-50 OPPORTUNITIES COMPANY LIMITED Number of shares 47,181,404
$ORE $ORE.ASX chart is looking good may go higher from here Minerals exploration and production company with focus on developing Lithium/Potash resources in Argentina. Number of shares 277,092,327
$JXT $JXT.ASX Holding this level pointing higher prices JAXSTA LTD details A music technology company that has developed an online platform to hold official music metadata to develop a repository of official music related information, comprising liner notes and label copy. Number of shares 247,190,330
XAO just reached 0.618 retracement of primary wave 1 down and completed the counting of five waves for the completion of intermediate wave C. For higher confirmation a move below 5,600 would almost eliminate the contrary odds. The next move should be in direction to levels below 4,500. If prices continue to rise a next target would be 6687, before the trend turns...
XAO is tracing minute wave v, which is the last leg that will complete intermediate wave C and also primary wave 2. The most probable target for the end of this move is at 6,202. After this price should decline during primary wave 3 down to new lows. If price crosses down 5,700, the odds are that primary wave 3 has already started. FOLLOW SKYLINEPRO TO GET UPDATES.
Quick update on XAO and the broader Aussie market. It seems that insanity is the path of least resistance and the major index is set to target the 61.8% fib level, around the 6,200 level. This measured move higher from the bull flag would als coincide with the 61.8% fib level. The combined 'big 4 banks' are also signaling that a potential move higher is on...
Minor wave C counter trend rally is under early stages of developing, after its formation odds increase after the cross up of the minor A level. The most probable target before the trend turns down again is the range between 6027 and 6322. FOLLOW SKYLINEPRO TO GET UPDATES.
Although the long term trend is down for XAO, there could be gains opportunities along the way in shorter time frames. We are now seen an Intermediate ABC pattern that should complete primary wave 2 when it's complete. We may see a wave B retracement between 4800 and 4900 points before gain opportunities arise in the intermediate wave C up. FOLLOW SKYLINEPRO TO...
I usually get quite frustrated with the Wall Street idiom of "buy the dip" what amounts to the gross over simplification of an entire field of study to "buy when big line go down" is quite annoying. That being said... When i see Gold prices dropping in the current financial and economic climate, YES please! I'll buy that dip all day long As you can see from...
ASX200 Daily fails twice to clear 38.2% Fib Retracement. Also, only completed 1 of three parts of 1-2-3 trend reversal requirement. Time will tell if the 2 and 3 will be completed.
ASX 200 index (daily) testing resistance at the 20-day MA