Bullish candle in the TLX chart today has got me interested in it again. The chart has a high probability bullish flag that looks a high probability opportunity. ATR is erratic the only concern.
Entry: bullish candle break of flag with above average volume.
I have been building a line on VXR for a while now with a descent avg weighted entry using my DCA method around buying opportunities on large deviations from the mean.
We had a considerable sell off start of June which saw the beginning of bearish market structure forming on the 4h and 1d time frames.
We started to build a bear flag with an elliot wave 5 touch...
A2M had been falling in a strong downtrend until recently when it managed to break its downtrend line with very high volume. This price action suggests that the Bulls may have stepped in finally and want to take price higher. It could consolidate for a while before taking off. I am bullish A2M and targeting the recent Resistance level of $7.80 which could provide...
Z1P has been consolidating for a while at the lows and now the price action suggests that it may be preparing itself to move higher, as we can see that the Bearish Trendline has broken with High Volume. I am bullish Z1P with my trade plan mentioned below:
TP - Next Resistance Level of $8.40 (potential 17% profit)
Stoploss - Below the recent Swing Low at...
AGL looks like it has broken out of its long term downtrend and is expected to head higher. The break of the Bearish trendline coupled with High Volume and huge MACD Bullish Divergence confirms that it is expected to move higher. I am bullish AGL with a target of $10.70 and it may even go much higher towards the strong Resistance level of $12.00.
Please note...
One of my favorite ASX stocks, which had an extremely bullish run at the start of this year (2021).
Once an offer was made public buy ASX:TAH(Tabcorp) on 28/05/2021, stock prices plummeted.
It appears that we have found a bottom of that massive price decent, and are starting to look bullish again (higher highs and lower lows).
Could this run be as strong as...
TPG broke out of the Bearish trendline with very High Volume. This makes me bullish TPG with an upside target of broken Support level of $6.60. Any retracement lower could be a very good buying opportunity to get long.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PBH has clearly broken its short term downtrend line with High Volume which adds confidence to my analyses that it could move higher in the upcoming sessions. My targets are mentioned below:
TP1 - $14.70 (potential 7% gain)
TP2 - $15.25 (potential 12% gain)
Stoploss - $11.80
Please note these are my own notes, by no means trading advice. Please do your own...
CIM seems it has changed its intermediate trend and is expected to move higher in the medium term. It has broken its intermediate downtrend line and shown strong price action to the upside. I think it has changed its trend but finding resistance in the current zone around $21.00. It may retrace lower towards the buy zone between $19.00 - $19.60 to give a higher...
IPL has been in a nice uptrend making higher highs and higher lows. It has pulled back at the lower end of the parallel channel and showing signs of supportive price action. We may see a bounce off this support level of $2.20 - $2.35 zone for added confirmation that bulls may be taking over and take it higher. MACD is also about to cross which may be a sign that...
OSH has rallied nicely due to increase in Oil prices but now it is pulling back. It was unable to continue higher and now I am expecting it to reach my Buy Zone around $3.20, which is also trendline Support and POC of Volume profile. I shall monitor when price reaches my Buy Zone between $3.00 - $3.20, where I would take long positions after Bullish Price...
