DSK has rallied nicely, but the recent price action indicates that maybe price has gotten top heavy. It looks very overbought currently and may need a breather and a decent pull back, as it has printed a double top, coupled with MACD Bearish Divergence. It has also broken its trendline, which makes me believe that it may run out of steam and pull back lower. There...
RBL has pulled back strongly in 2021 and has potentially found support at the Fibonacci 61.8% level, from where it has bounced off and currently has pulled back again towards the same level. The recent price action suggests that it is a good support level and any bullish price action may be a good sign that price may swing to the upside. I may take a long position...
LBY has shown strong bullish price action by breaking the descending wedge to the upside with very high volume indicating a potential change in the downward trend. It seems that price wants to move higher now. We may be facing initial resistance now but I will be monitoring price action closely and will buy once it shows bullish price action. There is bullish...
SPT has clearly broken out of its descending wedge with very high volume indicating that the downward trend may have changed. The current price action shows that price is pulling back and any bullish price action may get me involved. I would be a buyer after it prints bullish price action and I will be targeting the Resistance level of $0.850, a good potential...
DSK share price has had an immediate rebound from the bottom support zone marked with the ascending wedge, and is likely to start a bull run towards resistance. If the market continues strong before the 27th of August when they release the 2021 financial year results, it is possible for the share price to reach $4, or even a new all time high.
After more than a decade of poor performance relative to other markets, the Australian stock market has clearly broken out. At least it has broken out in AUD terms, not USD terms (not yet). It's looking pretty strong and in my opinion it could continue much higher. Definitely one market that makes me have a more bullish outlook on stocks in general. At some point...
There is a lot of talk about housing prices here in Australia at the moment and the affordability for new entrants to the market. It is always a trade off between investing in property and investing in equities or other asset classes. There are benefits to owning both property and stock. This graph is a ratio of the market capitalization of two ETFs, one in...
ASX:IBX Imagion Biosystems Ltd Just wait for trendline break for taking a long...
$GAP - Gale Pacific Ltd Tracking position #ASX Thumbs up Breakout after 2009 Company in technical fibre Profitable first time after 2005 Expanding in US Growth expected reduction in debt Crossed fingers ~ Company guidance has been superb
OGC is in a confirmed uptrend as it has been make higher highs and higher lows. I believe that the current pull back is complete as it has bounced off the 200 SMA and looks like its preparing to move higher. MACD has aslo given bullish cross indicating that it is expected to move higher. I am targeting the Resistance point at $3.20 which could provide a 20% gain...
VGL is looking strong after break of its downward sloping trendline and very high volume. It looks like it wants to move higher. I am aiming for a push to the upside at $2.70, its Resistance point which could provide a potential 20% gain. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
I like the chart pattern here, technical indicators such as TD Sequential, RSI, MACD are showing signs that bulls are still in control and more upside to come in the coming days/weeks.
I like the chart pattern here, and it looks like a cup and handle are forming as well.
Similar to Graincorp, I like the chart pattern here, technical indicators such as TD Sequential, RSI, MACD are showing signs that bulls are still in control and more upside to come in the coming days/weeks.
The best reaction point Breaking the $ 51.6 viewing trend
BVS looks strong after its break of the downtrend line with High Volume. The recent price action confirms that the bearish trend has come to an end. Currently it is pulling back and I have two Buy Zones where I will wait for bullish price action to take a long position. My 1st Buy Zone is near the 200SMA around $3.10 - $3.20 region and the second Buy Zone is...
IAG is currently pulling back and I expect that this pull back may provide a good buying opportunity. I will take a long position once it prints bullish price action and targeting the recent highs around $5.50. My stoploss will be below the current swing low. Please note these are my own notes, by no means trading advice. Please do your own research before...