STAY OUT Gapped up twice, expect both to be filled SIGNIFICANT -ve div on RS
Ramsay Healthcare is currently in a falling channel . Is it time to buy? After today's capitulation, we are already at the bottom of the channel and also the completion of the Head. Are we seeing a right shoulder forming in the weeks to come? If we do not fall off the channel, we should bounce and target $68. Otherwise we break support and drops to next support...
Chart has notes This could easily gap up on open, just wait 1 pip above prior close for entry, they always come back (and this is completely gap free) personal credit to gheli who found this lil beauty, good eyes
Real energy is still cruising steadily inside the channel. CMF shows that the market is pretty balanced for now. OBV is coming down a bit but as long as we don't break south in the gentle uptrend, we should be fine. Prices are supported by the 55 and 100 EMA. I do hope that the 55 EMA catches up and cross the 100 EMA for a stronger uptrend. However, the...
It seems like bulls have refused to push above and beyond 0.95. Bears are winning for now. The coming week, I expect a pullback to the 55 EMA highlighted in grey box. If hell breaks lose, we will go down to the 100 day EMA also highlighted in grey box. My weekly indicators are bearish and unless we break above 0.95, my bearish outlook remains. Chart will be...
EW 2 hit the golden pocket 0.65 nicely today at 0.145. I am expecting to bounce from here to start impulse wave 3. The falling wedge also points to a break above. Target for Wave 3 from here is 0.715. Remember to set your stop losses target. IF we do not bounce here, expect next support level at 0.105.
Using my "Imagined Reality", this seems like the formation of an OCO. In addition, the attraction of the 2 GAPs below helps confirm my imagination. If this happens, see: 1- Nothing is 100% in graphical analysis 2 - The fall of the asset will not be linear, there will always be "up and down". 3-As can be seen, I put a small blue line to show that the asset can...
Technicals Price encroaching on 0.46, a long established Multi Year Rejection Zone Target 0.76, also a well established reversion point CoT Volumes show on-going strong accumulation in buy ups and absorbing supply Fundamentals VERY STRONG for an ASX micro Tapping on cash flow positive, diversified revenue streams, STRONG YOY revenue growth and recent move into...
I am not confident of Vita's price movement lately. It has broke out of the falling channel but a double top has formed and prices are likely to reverse. Watch out for break and confirmation below $0.93. Target short @ $0.52. A price above $1.415 will invalidate this bearish view. Background: Vita diversification strategy involving a move into cosmetic...
AVZ exploring for lithium in the DRC has been a well 'promoted' stock which valuation wise clearly overreached the project stage. Chart wise it appears that fear and tax loss selling are in control currently and are likely to define the action over the coming weeks, this may present a trade opportunity for entry at the historical support level or 10c, should...
ASX is approaching its resistance at 6091 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to drop to its support at 5962 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) Stochastic (55, 5, 3) is approaching its resistance at 96% where a...
Chart has notes On the cusp of breakout imo, just add volume Sorry for the multiple isd charts.... dont know how to 'update' with a chart