Clear head and shoulders and in line with cycle count on SPX500. December target zone identified.
Text me if you have any questions/comments for me. ----- SHL - Previous analysis was done on 13 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry - Since then, the stock did not recover to around 43 levels - Instead, the stock closed below the mid-term support last Friday - In last night’s livestream, I shared that I...
Text me if you have any questions/comments for me. ----- CXL - Previous analysis was done on 15 Sep -> suggested waiting for retracement and successful rebound - Since then, the stock created a new all-time high and quickly to test $5 levels - Price is quite extended at the moment and far from the short-term support - A successful rebound look to be around 5.35...
Text me if you have any questions/comments for me. ----- CSL - Previous analysis was done on 7 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone - Since then, the stock continues to be bounded by the overhead resistance zone (blue shaded area) and the counter-trendline (purple dash line) - As mentioned in last night’s...
Text me if you have any questions/comments for me. ----- ACL - Previous analysis was done on 23 Sep - Suggested waiting for successful breakout of 4.60 levels accompanied with strong volume before plotting entry - After last Friday’s gap up and quick retracement, I thought the stock would retrace to the short-term support again - Today, the stock closed above...
Text me if you have any questions/comments for me. ----- 27 SEP 2021 – Market Watch As mentioned in last night’s livestream, the ASX 200 is currently trading in No Man’s Land. This is a zone where it is trading in a band that is bounded by a strong resistance (7400 levels) and strong support (7250 levels). Usually, when an index or stock is stuck in No Man’s...
oh such a good time bouncey bouncey everybody doing fine bouncey bouncey
Text me if you have any questions/comments for me. ----- XRF - Previous analysis was done on 14 Sep -> suggested waiting for stock to retrace and rebound successfully - Stock recently had a minor retracement and rebounded - On 30 Aug, suggested entry at 0.54 levels if believe the stock can create new highs - Since then, the stock has risen 24% in less than 4...
Text me if you have any questions/comments for me. ----- TLS - Previous analysis was done on 14 Sep - Suggested half entry at 3.95 levels if believe the stock can successfully breakout of resistance at 4.00 levels - Since then, the stock had a failed breakout and quickly retraced back to the mid-term support - Stock is rebounding and is again testing the strong...
Text me if you have any questions/comments for me. ----- REA - Previous analysis was done on 9 Sep - Suggested waiting for successful breakout of 170 resistance levels - Since then, the stock has gone up 9% and broken through the counter-trendline (purple dotted line) - 170 levels has been a resistance since June 2021 (blue dotted line) - A successful breakout...
Text me if you have any questions/comments for me. ----- MQG - First time doing a written analysis on MQG - Stock has a history of uptrend that is punctuated with sideways movements - Usually, a low volatility stock that doesn’t have strong pullbacks (less than 10%) - Stock would fit traders/investors who have a longer time horizon (ie. A few months) - Recent...
Text me if you have any questions/comments for me. ----- CHC - Previous analysis was done on 21 Sep – Suggested half entry at 18.30 levels or wait for successful breakout of 18.50 resistance levels - Since then, the stock has successfully broken out with above average volume - If you have taken the entry suggestion, there will be gains of 2-4% within 2...
Text me if you have any questions/comments for me. ----- ACL - Previous analysis was done on 16 Sep - Suggested waiting for successful breakout of 4.60 levels before plotting entry - Stock has been trapped in a band (moving sideways) for almost a month - It still respects the short-term support -> good thing - Stock has a lot of long shadows around the 4.60...
Text me if you have any questions/comments for me. ----- LIC - Previous analysis was done on 15 Sep - Suggested waiting for a better setup for entry - Since then, the stock has dropped to test $20 levels and looks to be rebounding - Setup for trade is still risky and rebound is not successful yet - A rebound to 21.50 levels will be promising - R is more than...
Text me if you have any questions/comments for me. ----- CNI - Previous analysis was done on 16 Sep - Suggested entry at 3.50 levels if believe the stock can create new all-time highs - The next day, the stock gapped up to create new all-time highs -> no good setup for entry - Since then, the stock has re-tested the short-term support and today created a nice...
Text me if you have any questions/comments for me. ----- CHC - Previous analysis was done on 14 Sep - Suggested waiting for successful breakout of either counter-trendline or 18.50 resistance levels - Stock today broke out of counter-trendline with slightly above average volume - There is still an overhead resistance at 18.50 levels - While the overall market...
Text me if you have any questions/comments for me. ----- PLS - Previous analysis was done on 14 Sep - Suggested half entry at 2.25 levels or wait for more confirmation of uptrend - The next day, stock gapped up to create new all-time high and there were no entry opportunities - Stock has retraced back to the 2.00-2.05 support zone -> shows a lot of...
Text me if you have any questions/comments for me. ----- LYC - Previous analysis was done on 14 Sep - Suggested waiting for a retracement and successful rebound - Since then, the stock tested $8 levels and today broke through the short- and mid-term supports with above average volume - Stock is exhibiting high price volatility and may not be suitable for all...