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
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...
Studying the Dow Jones extensively over the years has been enlightening, but unraveling the patterns within the ASX has always presented a unique challenge. Despite their differences, I believe the outcome from this juncture will remarkably mirror each other, signifying an imminent peak. Witnessing charts with distinct patterns eventually converge in their own...
As noted in the latest video update for week ended 17-Nov (apologies for the delayed publishing of these details - another hectic week), GMD represents a potential bullish opportunity should momentum continue and higher highs be made to confirm the outside week. Stop loss for the trade would be below the low of the confirmed outside week, should it confirm (i.e.:...
SLX is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of upper trendline for entry or enter a small position on bounce of lower trendline, stoploss at last swing low with target of $4 and will be moving SL to BE when safe to do so.
ASX:S32 The chart for ASX:S32 shows a pattern of lower highs and lower lows. This information is essential for investing and trading. It is advisable to avoid focusing on this stock and instead focus on other options. This will save you time and give you peace of mind. #investing #avoid #trading #pwinvest $ASX:S32X:S32
CAPITALCOM:AU200 chart mapping/analysis. ASX grinding higher into EOY, benefitting from relative strength in global commodities & precious metals. Trading scenarios into EOY: Continued commodity strength + US bullish momentum = rally into 23.6% Fib / ascending trend-line (light blue dotted) confluence zone. Rally would coincide with re-test of bearish...
Telstra Corporation Ltd ASX: TLS ASX:TLS - Telstra 5G wave could do a trick... - Telstra planning to push for 5G instead of fixed broadband telecom line. - Restructuring for TLS has been painful but surely step in the right direction. - Dividend policy has been reviewed that shows that TLS management may be aiming for growth and giving competitors run for...