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...
$BUD.AX setting up for a push higher - $BUD #ASX Buddy Technologies Ltd (BUD, formerly Buddy Platform Limited) is involved in the provision of solutions for customers of any size to make their spaces smarter and their occupants efficient, environmentally aware and informed. Buddy has two core businesses, its commercial business and consumer business. The...
Volume divergence indicating (high probabilty) that we may have a cheaper REA share price soon. I'm eyeing the high 120's to low/mid 135's as support and a potential entry.
My trading bias for LLC is Bullish as it has bounced off the lows (Support), High Volume Profile Zone and the lower edge of the Pitchfork Channel. The Bullish Price Action suggests that LLC may go towards the previous Highs, providing an 11% gain. TP ~ $14.70 (potential 11% gain) Stoploss - below $11.70 Please note these are my own notes, by no means trading...
I have a Bullish Trade Bias for DXS because the trendline Support has held very well and price has bounced off strongly with High Volume. MACD is also bullish which supports my trade idea. I think we will see DXS move higher in the next few days. TP1 ~ $9.45 (potential 6%) TP2 - $9.80 (potential 10%) Stoploss - $8.30 Please note these are my own notes, by no...
My trading Bias for GOZ is Bullish as it has clearly broken the Bearish Trendline with very High Volume.MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a continuation to the upside, and expecting a potential 6-9% gain. TP Zone ~ $3.30 - $3.45 Stoploss - $2.95 Please note these are my own notes, by no means trading...
My Trading Plan for OPY is Bullish because it has broken the Descending Wedge and has even Backtested it. I expect OPY to move higher. TP1 ~ $4.00 (Potential Gain 43%) TP2 ~ $4.80 (Potential Gain 72%) Stoploss - $1.900 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 for SCP as Earning Report is out of the way now, and after smashing surprise positive earnings. On the technical front, SCP managed to break out of the Bearish Trendline with High Volume indicating that the Bulls are now in control and want to take the price higher. It has gotten Support right at the edge of the trendline and at the...
MGR has bounced off from Support and the High Profile Volume Zone with High Volume, after breaking the Bearish Trendline, suggesting that the Bulls have now taken over and want to ride the price higher. MACD has also crossed with RSI coming out of the Oversold region. I belive that MGR has given a good buying opportunity. TP1 - $2.53 (potential 10% gain) TP2 -...