Hanging man closed on the daily today. I am bearish and targeting a 0.618 retracement. That will put the price at $2.68. A break-above $2.90 will abolish this bearish view.
ASX:PGC Paragon Healthcare seems to be gaining traction and has a slight pull back recently but I would still wait for a clearer signal to enter. A nice cup and handle has been formed and i am waiting for the RSI to cross the 50 mark with conviction before entering. That will also mean I prefer to enter after the prices cross back into the main channel at $0.855...
RSI is already touching the oversold boundaries. How much further can ASX:APT run? For early investors, you might want to book some profits soon. I wouldn't recommend going into a trade right now with ASX:APT because of the limited upside to my target at $10.30-60 before a correction is due.
ASX:KGN Double top formed. Should there be another leg down, target the 2 support areas for shorts. Stop-loss @ $7.46.
Looks like we bout to hit bottom. This should be a good place to go long. If it breaks down more, then you can always bail at a stop loss, but this right here is a seven year low. With the recent job cuts and 5G around the corner, I fully expect a rebound. Also every single analyst right now is telling you to sell. Thats a buy signal in itself.
ASX:PLS We are pounding on the support line $0.865 the third time. I am not confident that this support will hold, look for support around $0.81. The TK cross last week above the clouds was a sign of an incoming bearish signal albeit a weak one. Yet the prices continue to fall and refused to close above the clouds for 2 consecutive days already. I believe that...
ASX:IMU Double top testing neckline. A close below the neckline this week spells trouble. Look for support at 0.017.
FLT in significant resistance zone. Short spike to 66
MQG significant level hit with 200% fib and potential primary wave 5
On the weekly note, We have a weak bullish TK cross, prices have closed above the cloud which is a good sign that the current support at $0.38 holds. Currently it is a long term hold if you are looking into buying $GSS. Short term outlook: RSI is hovering close to oversold conditions, Chaikin Money Flow is dropping and that means the buying power is weakening....
Qantas ASX:QAN has been quite stable and experiencing low volatility for the past few weeks. The bollinger band seems to be squeezing as a result. A squeeze means a swing in the price is coming. We have to break out of the ascending triangle otherwise, we are not going anywhere. Wait for breakout and confirmation. Price has to close above $6.45 on the...
Vanguards released its first actively managed ETF... I've always wanted to invest in an ETF however, wanted an actively managed ETF with exposure to the global markets. Now VVLU might be an answer for me so ill keep an eye on this one and see how it goes. Until I jump in we will sit, watch and get a little more educated
Rsi & Mfi have agreed to disagree, until they can get along ill be on the sidelines chart has notes
Somewhat by request Chart has notes I believe a big retest is in need
It was always going to stop eventually
This is my first trading idea published here, mainly because all my capital is allocated and I don't have more to trade on this one, so I'll post it to start building some reputation. But don't follow me because I might be lost too. Here we go: ADX shows a short trend starting on the daily, still weak, but we can consider it to start the trade. On the weekly, the...
STAY OUT Gapped up twice, expect both to be filled SIGNIFICANT -ve div on RS