Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 12 Oct - Suggested waiting for a retracement and a successful rebound - Since then, the stock has retraced to the short-term support and today, it gapped up - A successful rebound is around 3.42 levels - A resistance level looks to have formed at 3.45 levels - An entry...
For the simple related fundamental reason : currency devaluation. One must remain structurally Bullish on Australian Dollar priced assets. Single stock selection can prove challenging in such conditions, makes life easier for the market to pick the winners. ASX:XJO OANDA:AU200AUD ASX:STW Detailed Chart's to follow below - XJO Zmm's STW : ASX200...
Text me if you have any questions/comments for me. ----- DMP - Previous analysis was done on 17 Sep (red arrow) -> Suggest waiting for a successful rebound at $164 levels before plotting entry - Since then, the stock failed to reach those levels but instead created a Lower High and has fallen below the mid-term support - Stock has experienced a Structure Break...
Text me if you have any questions/comments for me. ----- SWP - First time doing a written analysis on SWP - Has a history of nice uptrends with retracements to the short-term support - Stock can be quite volatile and may not fit the risk appetite of some traders/investors - After creating new all-time high, the stock retraced more than 20% to close below the...
Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 6 Oct -> suggested waiting for successful rebound at around 3.50 levels before plotting entry - Since then, the stock has nicely rebounded to form a doji today at 3.50 - The strong volume on 8 Oct bodes well for the short-term momentum of the stock - R is less than...
Text me if you have any questions/comments for me. ----- CSL - Previous analysis was done on 27 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone - Since then, the stock did not recover to those levels but instead had a Structure Break - Stock is currently consolidating between the 295 resistance levels and 285 support...
Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 6 Oct - Suggested waiting for a successful rebound at 3.30 levels before plotting entry - Since then, the stock has created a new all-time high and looks to be hinting at a potential resistance level around 3.45 levels - If you have entered at the recommended entry, you...
Text me if you have any questions/comments for me. ----- AMS - First time doing a written analysis on AMS - Has a history of sharp uptrends and steady retracements - There was a long sideways movement that lasted more than 7 months (purple shaded area) - Strong resistance at 1.80 levels (purple dotted line) that was created in Sep 2019 - Recent LHs have created...
Text me if you have any questions/comments for me. ----- 12 Oct 2021 – Market Watch The last time I did an analysis on the S&P/ASX 200 was on 5 October (red arrow). Since then, the ASX 200 has recovered less than 0.5%. It is currently testing the counter-trendline (purple dotted line). A failure to breakout would likely see another retracement to the 7200...
IZZ China ETF vs XJO (ASX 200) Relative performance looks to oscillate in a range. This could be a bottoming for China vs Australia.
Z1P is showing signs that it has found supportt at the trendline Support coupled with High Volume. This indicates buying interest at current level of $7.00. I think that if Z1P manages to close above $7.00 which is also the POC of Volume Profile, for two more days, it could move higher towards its next Resistance level of $8.45. Please note these are my own...
RKN is a stock I like because of its solid price action. Any pull back lower is a buy IMHO. I am expecting a backtest lower towards its trendline, which may provide a great buying opportunity. My Buy Zone is between $0.900 - $0.940, and would target the next Resistance level of $1.520. Please note these are my own notes, by no means trading advice. Please do your...
As we can see that the Support Zone of $268.00 - $274.00 has been strong because it got bounced off in the end of July 2020, and price made a high of $320.00 then. Now that CSL was plunging, the same support has held very well and we can see the downtrend line violated, with a Bullish Candle closing above it, with High Volume. MACD has also crossed and RSI has...
With current uncertainly www.commsec.com.au following is a snippet from news: 1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in...
With current uncertainly www.commsec.com.au following is a snippet from news: 1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in...
Text me if you have any questions/comments for me. ----- IEL - First time doing a written analysis on IEL - Has a history of nice uptrends - Stock tends to have strong pullbacks after the price is overstretched and far from the short-term support - Stock has a weak test of the short-term support - A successful rebound will around 35.75 levels - R is less than...
Text me if you have any questions/comments for me. ----- ARB - Previous analysis was done on 8 Sep - Suggested waiting for a successful rebound - Since then, the stock has been sideways and looks trapped in No Man’s Land (blue highlighted zone) - $48 levels used to be a resistance level (red arrow) and that resistance still holds (blue arrows) - Stock keeps...
Text me if you have any questions/comments for me. ----- ALQ - First time doing a written analysis on ALQ - Has a history of uptrends and downtrends - Since the pandemic crash in Mar 2020, the stock price has risen by almost 180% - Strong resistance seen at current price levels -> created in May 2012 - Stock is currently testing the mid-term support - A...