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
Title pretty much sums up Champion Iron's recent price action lol.
Reminds me of similar movements exhibited in Mineral Resources chart before getting pumped after diversifying into Lithium.
Held onto a trend-line that's been running since 2015, crazy.
Appears ~$8 is established resistance level, as it continues to put in Higher Lows off trend-line while 200DMA...
Short term 1hr Chart of ASX Futures for monitoring Intraday movements.
Useful for tracking high volatility fluctuations, especially during key economic announcements.
CAPITALCOM:AU200 ASX:XJO ASX:XVI
Newcastle Thermal Coal Futures breaking out of short-term downtrend + Neutral-Bullish Accumulation around 78.6% Fib Retracement.
Still within larger downtrend after steep sell-off through later half of 2022 into 2023.
(Coal) embers likely re-igniting due to recent China stimulus measures & other macro-economic influences, TBC.
Highlighted preliminary Trading...
Price action has been adhering to the uptrend channel for a while. Tested res @ 0.165 several times and a base forming on the 0.150 support with the 200 day EMA coming in.
Might look for a slight retrace and see whether this candle closes above the 10 day EMA. Has respected most of the uptrend with solid support & resistance points interacting with the 200 day...
Iron Ore Futures coiling like a steel roll in a series of Lower Highs & Higher Lows since October 2022.
Break above 116.60 = Bullish momentum towards 134.85 (38.2% Fib Retracement)
Break below 99.40 = Bearish momentum towards 77.60 (78.6% Fib Extension)
Seasonality typically favours the Bulls running strong into end of year - we'll see if it still rings true...
Hub24 closed out of its little Flag Pattern ahead of FY23 Earnings (Tues 21/08).
Looks incredibly Bullish, but extrapolating the "Flag Pole" presents equal case for Supply/Demand zone in either direction.
Will be interesting to see which way Traders decide to take it...good luck to anyone who took the HUB punt.
On the chart we can see a rising wedge formation.
The price is still moving inside the pattern. Once is breaks the support line it would be a good time to enter the short position.
Target is showing on the chart.
