SEMI currently sitting on upward trend line within established bullish channel. Previous support line at $16.30 where demand triggered another uptrend to above $17.00. RSI currently within average buying levels around ~56-60% showing higher highs, indicating another potential run back towards previous ATH SP level of $17.54. Aiming to take a long position...
Hi, a high-risk high reward play on the AU200 with a break and retest of the rising wedge with bearish RSI divergence. If playing along place stoploss above last swing high and wait for a break of trend on lower timeframe will also bring stoploss to breakeven when safe to do so. Good luck 🍀
We have a huge risk event in the coming hours; US PCE inflation. Should it come in softer than expected, risk is likely to pick up as this is how it has behaved pretty much every time inflation has come in soft. Conversely, a hot inflation report could dent risk - but we suspect not to such a large degree. Fed members have been very vocal about maintaining...
Hi Traders, If we find the current price level a strong resistance, we have the potentially to have a deeper correction of ABC. If it does reach this level, its a great level to enter long because of a few chart elements in confluence. All the best, S.SAri
AU200AUD - 24h expiry The correction higher is assessed as being complete. We expect a reversal in this move. Risk//Reward would be good to call a sell from current levels. A move through 7725 will confirm the bearish momentum. The measured move target is 7625. We look to Sell at 7750 (stop at 7790) Our profit targets will be 7650 and 7625 Resistance:...
On a larger timeframe WTC is in a rising channel, it is at the top of this channel with a rising wedge on bearish divergence on a smaller timeframe. Looking for a retest of support for a entry and a move down to resistance for take profit. GL
In this video, I aim to provide an overview of my observations regarding the approach toward a potential market peak. I'll offer some perspective by comparing the Dow Jones to the ASX (Australian Stock Market) and discuss the possibility of a significant downturn in global markets, comparable to a collapse. I'll outline various factors contributing to these...
PEN is currently in a descending wedge with bullish RSI divergence but still looks bearish on an intraday chart so should move down to support at around 0.07c. Look for a breakout and retest of upper trendline for entry or enter a small position on break of wedge, stoploss at last swing low move SL to BE when safe to do so. Good luck
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
Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential. In this edition, we'll be looking at ASX:FFG ... I believe this code is at a point of potential volatility. If price can hold above $0.035 ... Bullish potential may be unlocked. My key upside targets include: - $0.046 (Conservative) - $0.059 (Medium) - $0.081 (Aggressive) ...
ASX200 - 24h expiry Pivot resistance is at 7680. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 7625 will confirm the bearish momentum. The measured move target is 7550. We look to Sell at 7650 (stop at 7686) Our profit targets will be 7560 and 7540 Resistance: 7650 / 7675 / 7700 Support:...
Looking at afternoon trade, SPK represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position, considering breach of recent resistance levels aligning with technical indicators of RSI and DMI. Relative strength in the Midcap 50's as well as the communications sector (XTJ) adds further impetus...
The ASX 200 cash market rose for a second day, although the SPI 200 futures closed flat with a potential bullish pinbar on the daily chart. The 1-hour chart also shows a potential bull flag, which projects a target around 7640 (or the Feb 2nd overnight VPOC - volume point of control). For today, bulls could seek pullbacks towards 7580 - 7587 (overnight VPOC) in...
I'm no charting expert however this seems glaringly obvious. Formation of a triangle squeezing price for the next bar or two and there should be some movement, in this case I'm predicting movement upwards. Keep an eye on volume, if there is more than avg volume it solidifies the upward trend in the short term. Disclaimer: I entered approx Nov 2022 at AUD 24 and...
S32 is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of upper trendline or support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
Amidst the descending tides of Sayona Mining's recent price trajectory on the ASX, a deeper look reveals swings of opportunity for the keen observer. The chart is a dynamic aquatic realm, where SMMA 2-3 crosses rise like bubbles, signaling moments for potential gains amidst the downward current. Each Heikin Ashi candlestick flickers like bioluminescence, guiding...
As noted in the latest video update for week ended 17-Nov (apologies for the delayed publishing of these details - another hectic week), MTS represents a potential bearish opportunity should momentum continue and lower lows be made to confirm the outside week. Stop loss for the trade would be above the high of the confirmed outside week, should it confirm (i.e.:...
Looking at the weekly chart, bulls may have something to worry about. The market is yet to even test 7500 let alone break above it, and each time it has tried (and failed) to do so, the ASX has fallen by double digits in percentage terms. A bearish engulfing candle formed in the first week of the year after once again faltering at those cycle highs. And if we're...