After making a Higher High and then pulling back, LPI seems to be right on support at the moment. I am expecting a break of the trendline with High Volume which shall give me confidence to buy, targeting the previous highs and my stop will be below the previous swing lows!! Please note these are my own notes, by no means trading advice. Please do your own...
Rule of thumb is gaps get generally get filled, looking to take some profits off the table at the yellow trend line then ride the rest. RSI poised for a break out with Bullish divergence. I believe commodities are pretty close to breaking out and i don't mind this for a near term trade, there is still a chance for more downside action but long term PMs will rise...
Technicals - Bullish falling wedge + Z1P has retraced to the 0.618 level from the February bullish run. Looks a high probabilty trade to get in on the counter trendline break of the falling wedge. Bullish candle entry.
MPL may have finished its retracement and may be ready for an up move. As it has bounced off from my Buy Zone, coupled with High Volume, I think it is preparing to move up towards the previous Highs. TP1 - $3.00 Stoploss - $2.60 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
My Trading Bias is Bullish because of the clear break of the Bullish Wedge Pattern followed by a clear Backtest, then a decisive move to the upside with very High Volume. TP1 - $3.00 (Potential Gain 20%) TP2 - $3.20 (Potential Gain 25%) Stoploss - $2.240 Please note these are my own notes, by no means trading advice. Please do your own research before entering...
My Trading Bias for ALU is bullish as it has been coming down hard and has stopped falling right at $28.00 (Support) all the way from $40.00. It is also the Fib retracement level of 78.6%. I think ALU should move higher. TP - $33.00 (potential gain 15%) Stoploss - $27.40 Please note these are my own notes, by no means trading advice. Please do your own research...
After making a Higher High SUN had retraced lower to Support of $9.60, and have bounced off quite well. Price is above the 200SMA and 50SMA, indicating that its bullish. I think SUN should continue higher with targets as below: TP1 - 10.70 (potential gain 4%) TP2 - 10.96 (potential gain 6.5) Stoploss - $9.50. Please note these are my own notes, by no means...
We saw SYD breaking out of the Wedge and then test the Initial Resistance level of $6.20 and stalled. I think now it has retraced lower only to backtest the breakout zone (Wedge) and continue higher to retest Resistance level of $6.20 and then move higher to the next Resistance Level of $6.60. I am bullish on SYD and expect it to move higher and my targets are...
My trading bias for AWC is Bullish as it has clearly bounced off the lows (Support), High Volume Profile Zone and the lower edge of the Pitchfork Channel, suggesting that Bulls may have taken control. I think that AWC should continue moving higher. TP ~ $1.820 (potential 9% gain) Stoploss - below $1.600 Please note these are my own notes, by no means trading...
After making a Higher High and then pulling back BPT has bounced off strongly giving a strong break to the upsode with High Volume . It bounced off exactly from the High Profile Volume Zone (confluence) and MACD giving a Bullish Cross, indicating that it is most likely to head higher towards its previous highs!! TP - $1.890 Stoploss - $1.570 Please note these...
The head and shoulders bottom would be complete around 1.71-1.72 unless it hits 1.7 at open. When the target of 1.7 is hit the weekly candle touches the SMA for a potential breakout which would agree with the head and shoulders bottom for a climb. I'm still learning everyday so make your own assessment and judgement before trading.
I am sure this is not the best time to make stock pick. But the market is actually not as bad as it may seems. If I look at my recent pick, actually only the china related stocks like BEKE/YSG are down because of the downtrend sentiment with nasdaq. If you look at my pick in ASX, all of the are still up since my recommendation, actually way up. One of the...
After the strong move to the upside, RZI seems to be pulling back, and my Buy Zone is between $1.470 - $1.62 region, where the trendline Support also lies. If it retraces lower to my Buy Zone, I would be taking a Buy Position after Bullish Price Action, to join the upcoming move to the upside. Lets see how it develops in the next few days. Please note these are...