Im thinking cap raise is coming up, and no ive no idea if they actually have $$$$ or what they even do Something seems 'odd' here so im going to suggest retail are being fed atm. If it were going to go, it really should have by now OR if there is still too much supply(from where?) a spring/shakeout should have appeared. The weekly looks bored/weak Not holding,...
ASX reversed nicely off its resistance at 6037 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 5920 (61.8% Fibonacci extension x2, 50% Fibonacci retracement). Stochastic (34, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
Prices of PLS is now residing in the cloud. Last week 1D close has formed an ascending triangle. If prices do not fall under the cloud, we should see PLS testing the top of the ascending triangle at $0.95 and hopefully, a breakout to $1.00 this week.
SW1 Swift Network Group prices seem to be moving into the apex of the simultaneous triangle. I am expecting a breakout to the upside. The correction at EW2 hits the golden pocket nicely at 0.65. I believe we are going into EW3.
The price has been falling since early 2017 from the peak around $88.00. This drop has been a "healthy" one as we are seeing this as a correction for a longer term accumulation to the upside. Some quick fundamentals to support the upside - 1) Revenue has been increasing for the past 5 years; 2) Net income has been increasing for the past 5 years; 3) Dividends...
Chart has a line or 2 on it. +ve div on daily
Volume speaks volumes BO confirmed @0.175+ MC 41M @ 0.155 Rerate potential FD holding
LOM has formed a reasonably clean cut inverse head and shoulders pattern which is currently challenging the neck line. With a ongoing news from existing diamond mining activities and upcoming exploration work the catalyst for a break seem likely to present. First target is set at the support/res level at 37.5c with the second target at 42.5c representing 27...
Star Combo Pharma has just started trading last week. It has a good run up to above $2. I believe this is Wave 1 of Elliot. The price has dropped a bit at writing and if I am not wrong, corrective wave 2 will probably hit between 0.5 to 0.618 in the next few days. If i were to trade, i would look for entry below $1.30 between 0.5 to 0.618 fibonacci. At writing,...
Tiny pip gap at 31-32, not worth mentioning but its there. BO +39 Chart has notes
looking for a reversal and break of falling wedge. minimum target @ .083 on break. Worth noting still making lower higher and lower lows on daily. Need a break of downtrend line to confirm. Bear flag on daily also setting up so caution in key and wait for break. #watchlist #lithium #EV #ASX $4CE
holding smack done, retail out, now to close it green... thats just mean
They always go deeper than you expect but that divergence is purdy Time for a few green days hey. Shorts be gone...surely
KRC trading Idea. Broke out of falling wedge on shorter time frames. Forming a potential inverse H&S with a short term target at .10 Finding support at .076 with 15min rsi forming higher lows and Bear vol declining. Lets see if we breakout.
Very bullish news coming out for after pay along with the US expansion. its gone viral here in Australia. This is a long term 6month trade.
If it doesnt 'feel' right...and for those that "dont do pnf charts" the weekly will show the real intentions of the market makers