Short term downward trend should continue. I believe our downward channel will continue until we hit one or both major supports at 14.5c or 12.5c. A strong bounce north may occur, however, we may bounce back down if we can't break past 18.5c. Great buy zone under 14c, I am waiting patiently.
NAB is bearish on the 1W weekly outlook. 1. TK cross bearish under cloud 2. Chikun (Lagging span) under price - bearish 3. Price under cloud - bearish See chart for 2 intermediate support levels. If hell breaks loose, a stronger support is at $23.
$MPL Medibank is poised for a good run soon. It is currently trading at the bottom range of the overall uptrend channel. Target: $3.45 SL: $ 2.87
Bull ride the Cowgirl when it crossover the white area, bull run. Message me for subscription.
Coming off great news today, downtrend is now broken. Looks like we'll be tracing back up past 10c in a short amount of time.
#ASX $CSL.AX close to a very significant resistance. Short 181-2 for 5-10% drop
S&P ASX 200 Australian index long bias. Previous strong weekly demand level in control from around 5720. New very strong weekly demand created at 5804 Waiting for weekly highs to be solidly broken before going long again. Longs lower at weekly demand imbalance or new daily and weekly demand zones if weekly highs are broken
GNX has just broke its downtrend line on increasing Bull Volume. Its slowly creeping over the 16,36 ema's on the daily (usually used as support) with a Bull MACD cross also on Daily. Look for breakout of .305 on good volume Continuation here will keep the Weekly lower highs intact and continue the Bull run. Be wary of Daily RSI as we may see it get extended...
AVL is currently oversold on the 1-hour and 4-hour time frame after an extensive sell-off. With RSI at 23 on one hour and 26 respectively on 4 hour a bounce may be a play if you like a RISKY one. Note. KRC is in a similar situation with a 10% bounce already achieved on KRC. This is a risky trade and I would personally look for an exit against a moving average....