S32 has retraced from the top of this triangle and looking to find support on this trendline going back to 2015. S32 also has support from a previous channel and support zone at $2.90 all converging in the same area. MACD is also turning up with bullish hidden divergence on the RSI. If breaks below support zone and trendline then will be no trade and could even...
Northern Star Resources - NST (ASX) In a long term bullish move, and medium term pullback with a recovery bounce off the 200-day moving average. We are starting to see a possible convergence on the medium-term MACD, which could lead to a recovery in the medium term, if buying continues. Full report details for members at marketmonkey.com.au Please feel free to...
#ASX #ALL - Aristocrat Leisure Examining #ALL for July, the strength of buying remains moderate to strong, which is continuing to push the price higher towards the end of July. Currently on directional indicators in the Blue Chip stock analysis report (marketmonkey.com.au), the price is over extended for a second month. This over-exuberant buying tends to...
LLC is currently in a descending wedge with bullish RSI divergence and has a nice crossover on the MACD, it has not had a breakout yet but will look for a little 10% move to the top of the wedge. Also looking for a gap fill but will see what it does closer to resistance at the top wedge. Good luck 🍀
The ASX 200 futures contract (SPI 200) snapped a 3-day losing streak overnight, and with Wall Street trying to shed last week's losses and the Nikkei and Hang Seng finding support, we suspect a bounce could be due for the ASX today. The daily chart found support at the 20-day EMA and monthly R1 pivot and closed back above the May high. It is now within 1-2 day's...
Technical Analysis Short-term: Watch the $1.00 support level. If it holds, there might be a short-term bounce, especially considering the increased volume at this level. Medium-term: Monitor the $1.25 support and $1.75 resistance levels. Both levels show significant volume activity, indicating strong buying and selling interest. Long-term: Significant...
Detected 12-Jul (detailed commentary and full scan results available in the signature below). Trade not activated as at 12-Jul. ASX:CPU represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price below the level of the potential outside week noted on 12-Jul. Stop loss for the trade would...
Detected 12-Jul (detailed commentary and full scan results available in the signature below). Trade not activated as at 12-Jul. ASX:ASB represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price above the level of the potential outside week noted on 12-Jul. Stop loss for the trade...
Detected 05-Jul (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 05-Jul. ASX:WEB 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 12-Jul (detailed commentary and full scan results available in the signature below). Activated 08-Jul. ASX:RSG represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price above the level of the potential outside week noted on 05-Jul. Stop loss for the trade would be: (i) below...
Detected 17-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 17-May. ASX:QUB 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 $3.68 of 15th May...
Detected 12-Jul (detailed commentary and full scan results available in the signature below). Activated 12-Jul. ASX:ANG represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price above the level of the potential outside week noted on 05-Jul. Stop loss for the trade would be: (i) below...
Detected 27-Jun (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 28-Jun. ASX:YAL 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 07-Jun (detailed commentary and full scan results available in the signature below). Trade activated as at time of review of 07-Jun (albeit on low volume though). ASX:TNE 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.:...
Detected 21-Jun (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 21-Jun. ASX:MQG 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 07-Jun (detailed commentary and full scan results available in the signature below). Activated 11-Jun. ASX:VEA represents a potential bearish opportunity should momentum continue and newer lows be made. Entry conditions: (i) lower share price below the level of the potential outside week noted on 07-Jun. Stop loss for the trade would be: (i) above...
Detected 05-Jul (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 05-Jul. ASX:MGR 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...