Z1P has been consolidating for a while at the lows and now the price action suggests that it may be preparing itself to move higher, as we can see that the Bearish Trendline has broken with High Volume. I am bullish Z1P with my trade plan mentioned below: TP - Next Resistance Level of $8.40 (potential 17% profit) Stoploss - Below the recent Swing Low at...
ASX:HUM has been in a bear market for last few months after hitting the 1.36$ apogee, it plummeted to the abyss losing almost 30% of the recent high value. But there are signs hidden into the charts that shows it may be ready for another explosive move to the upside. Lets dive right to the technical analysis. This stock has managed to extricate itself from the...
BKW looks a high probabilty trade here with limited down side. Technicals - Looking for trend continuation from throw back of the ascending triangle breakout + nice confluence with bull flag. Fundamentals - High demand this part of the cycle for building products + management whom have an outstanding track record of raising dividends will likely navigate the...
An idea for ASX if price continues in the fashion it has shown ASX is the Australian market I am not currently in any positions on ASX This is a monthly timeframe, timestamp!
Key Technicals - Cup & Handle Pattern, buying on breakout of cup (above average volume) or retest of cup line as resistance becomes support. Key Fundamentals - Strong management along with one of the strongest balance sheets(ASX TOP 50) according to AFR.
The ASX 200 has been setup and going through the perfect Wyckoff setup over the past month. Now that we have hit all time high's, its clear that the demand or the BULLS are in full control and that shakeouts will be shortlived. Now that we don't have any ceiling the sky is the limit in at least the short / medium term. Just have a look at the explanation and...
CIM seems it has changed its intermediate trend and is expected to move higher in the medium term. It has broken its intermediate downtrend line and shown strong price action to the upside. I think it has changed its trend but finding resistance in the current zone around $21.00. It may retrace lower towards the buy zone between $19.00 - $19.60 to give a higher...
DRR has broken out of its downtrend and the recent pullback lower could be a backtest of its downtrendline. It has been consolidating and holding well at the current zone of $4.15 - $4.30, and I expect that it should continue higher from the current levels. We could see a bit more consolidation before it heads higher. MACD histogram shows that Bearish momentum may...
IPL has been in a nice uptrend making higher highs and higher lows. It has pulled back at the lower end of the parallel channel and showing signs of supportive price action. We may see a bounce off this support level of $2.20 - $2.35 zone for added confirmation that bulls may be taking over and take it higher. MACD is also about to cross which may be a sign that...
ANZ is moving in a 5 wave pattern and have already completed Wave 3. Now it is heading for correction wave 4. Once it reaches point A on the chart, we will see an bit of uptrend where it will meet point B. Post point B, it will continue its journey south If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't...
On a 2 hour chart, AMPOL is moving in 5 wave pattern, with Wave 3 completed as displayed on the chart. From here it should drop to 26.06 where it will meet daily support, before bouncing up to 31-32 zone. Expect a major drop once it reaches point 5. I will create new analysis once it is close to wave 5. If you like my analysis then do drop a LIKE and a...
DDR has strongly broken out of the bearish trendline with high volume and I expect price to continue higher. My target would be the next resistance level of $11.00 as TP1 and $11.50 as TP2. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
OSH has rallied nicely due to increase in Oil prices but now it is pulling back. It was unable to continue higher and now I am expecting it to reach my Buy Zone around $3.20, which is also trendline Support and POC of Volume profile. I shall monitor when price reaches my Buy Zone between $3.00 - $3.20, where I would take long positions after Bullish Price...
FMG had been in a very nice uptrend in 2020, but the recent price action of Lower Highs and Lower Lows suggest that the trend may have weakened and it may find resistance between $24.00 and $25.00 level, and head lower. I think we may see a decent retracement lower ideally between the 50% and 61.8% Fib Retracement, between $14.00 and $15.50. I would be cautious at...
NHC seems to have been forming a base since start of April 2020 and I expect that this bullish price action on the Daily Timeframe is poised to continue higher. I think that it may have much upside room to go. I would be targeting the resistance area of $2.00 with a potential gain of almost 50%. Please note these are my own notes, by no means trading advice....
Fundamentals Now is the best time to buy Australia's stock market index, as Australian companies exporting commodities to the rest of the world during the recent commodity boom, is pushing up the share prices of the biggest mining companies within the country and pushing up the index!!! Mining companies are seeing their share prices rise due to the booming...
Its been quite a challenging time for Sydney for quite some time and good days isn't near anytime soon. Going by the chart, looks like SYD will dip more to around 5.35 level before bouncing up again. Also all EMA's are above the price line which is a bearish sign. Would be interested to see how long will SYD take to Take off. If you like my analysis then do...
CRO looks like that the current pull back has finished or very close to finish. I expect it to bounce higher. May be a bit of more bullish price action will add confirmation. MACD has given a bullish cross. My target would be the next resistance at $0.100. Please note these are my own notes, by no means trading advice. Please do your own research before entering...