Did well with my short play on Z1P, gap up nicely then fail to pass $5.37. Got in at $5.34 with a stop at $5.39 with 1,500 shares. Reduce my position at 1 R by 30% then got out the rest at $5.26, quick scalp play to the downside.
I like to calculate the stocks Standard Deviation of 1 year data, hence why $5.37 is a key level.
One of the most anticipated companies on the ASX with technology to held EV's has just confirmed it's bottom @ $0.37.
The price has closed above both the bollinger band and Linear regression. More specifically the Linear regression is in a downward projection and for the candle to be out of it confirms that a change of direction on the larger scale of...
Both weekly and daily is showing strong bullish momentum, the weekly is showing both EMA's are below the price. With the daily pullback as well with the confirmation on the Stoch oversold. Looking to buy above $32.68.
Z1P is well over extended from its previous close, touch new time high of $5.19. If it gaps up past 5.37 or gaps down 4.96, these are my shorting ranges, if its moves higher then it gives me more reason to short it. looking for a quick scalp :)
Last Night oil prices drop 3.1% just due to trade war concerns, this is why I'm looking into WOR. On the TA side, the weekly prices are below the 13 and 50 ema with the confirmation on the MACD as well. The daily price it looks like it got rejected by the 50 EMA with the confirmation on the Stoch. Looking for quick scalp below $13.37.
tried out a short at 6685 with stop loss 6721 which didnt work out, signs were there to jump out in profit but i can't help but hold my trades till they get stopped or end as I plan, probably a hindrance to my trading but anyways.
If you don't know why australia is totally screwed and is facing at the very least a pretty awful recession then it's time to some...
By September 2016, JB Hi-Fi was flying hitting a high of $31. Over the next 6 months the stock would pull back and have a second attempt to rally to new high's without success. This triggered a sell off down to $21.20.
By June 2017 we had seen an increase in supply levels and overall increase in volume until the climax. A nice strong automatic rally from $21 saw...
The Australian stock market (AXJO) is currently rising after a strong pull back that took place in July. This rejection happened because the market reached its All Time Highs of October 2007. Despite the rather strong selling manner in which it was conducted, we believe that this sell sequence is not over yet and a stronger correction is needed.
The reason for...