Rejection has been clear each time this last touch we have consolidation. Lows have been rejected and getting higher short term trend is bullish to 7k IMO
The ASX200 is up at resistance that bulls will be desperate to break through and fend off further selling pressure. The key level for us is 6805 and then up to 6860. If the 685 level holds today then we may see a squeeze of recent buyers and push lower. The question for many now is whether the recent break of the longer term uptrend from March will lead to a...
CSL could be bottoming, as it appears so on the Weekly chart after it bounced off support with High Volume. Could it be a double bottom? Maybe, only time will tell. At this point, it seems that it may have bottomed medium term and may move higher. My trade plan is as follows: TP1 - $270.00 (potential gain 6%) TP2 - $288.00 (potential gain 13%) Stoploss -...
IAG seems that it has found solid support after being flushed heavily. With Bullish Price Action at Support, a break of the Bearish Trendline with very High Volume and MACD cross with Bullish Divergence makes me confident that we can cautiously buy. My Trading Plan is given below: TP1 - $5.50 (potential gain 13%) TP2 - $5.90 (potential gain 21%) Stoploss -...
After falling hard, it seems that NST has found solid support. With the Bearish Trendline getting broken after a solid bounce, coupled with very High Volume and MACD Cross, I expect a follow through in price to the upside. I am bullish NST and expect it to move higher. My trading plan is as follows: TP1 - $10.80 (Potential gain 10%) TP2 - $11.80 (Potential gain...
GOR on the weekly chart has certainly found good support on the Trendline and 200 Weeks SMA, with High Volume and Weekly MACD Cross. This makes me bullish GOZ and I expect price to move higher and reach the next Resistance level. My Trade Plan is given below: TP - $1.400 Stoploss - $1.00 Please note these are my own notes, by no means trading advice. Please do...
API is showing Bullish Price Action and a break of the Bearish Trendline off the Support Zone and the High Volume Profile Zone (confluence), which is why I believe we could see a push to the upside. My TP - $1.215 (potential gain 6.5%) Stoploss - $1.080 Please note these are my own notes, by no means trading advice. Please do your own research before entering...
LNK looking good as its retesting the trendline, 200SMA and the POC of the Volume Profile. MACD indicator also bullish and I think there is a good chance that it is going to restest the previous highs and might continue higher. I am bullish LNK and have a target of $5.50 (potential gain of 13%) with a stoploss below the previous lows at $4.45. Please note these...
WZR catapulted in early February but resisted and came lower to test the breakout zone and had been consolidating for quite sometime. It has now shown good bullish price action and seems that it will retest its resistance level again and maybe could move further higher. The recent bounce seems that it may continue to the upside to test its resistance level. TP -...
The recent pullback has been strong but seems it may be about to end soon. I am expecting that it may be supported on the trendline to provide a good buying opportunity and the uptrend may resume. My Buy zone is $6.80 - $7.40 range, which is the trendline and the POC of Volume Profile, where I will be observing price action and wait for it to turn around, and aim...
KGN had been plummeting hard but now it has shown some kind of support. Seems that Buyers have stepped in because of the recent bullish price action and price could move higher. At this time it is very hard to say that the Bearish Trend is over, but there could be a possibility for price to move up and provide a gain of 10% and move higher to the next resistance...
RNT ticks all the boxes from a technical stand point.. fundamentally with only a $69m mcap this has so much potential go see their webiste for yourself DYOR this is not financial advice
CEN looks good and ripe for a move higher because of the break of the Bearish Trendline with High Volume and the bounce off the POC of Volume Profile and the 200SMA. MACD has got bullish too and maybe we shall see it continue to go higher. My target for this trade would be $7.40 level which could be a potential 13% gain. TP - $7.40 (Potential Gain 13%) Stoploss -...
AIA broke out of the Bearish Trendline and tested the Initial Resistance level of $7.17 and stalled. Then it retraced lower only to backtest the breakout zone (Bearish Trendline), 200SMA and the Point of Control of Volume Profile. There is also High Bullish Volume and I think it is preparing to continue higher to retest Resistance level of $7.35 and then move...
CRN seems to be in a very stable uptrend as we have witnessed Higher Highs and Higher Lows. The recent pullback has provided an excellent buying opportunity as price has bounced of the Bullish Trendline for the third time, as well as the 200 SMA and the POC of Volume Profile. RSI has also popped out of the Oversold region and MACD Histogram is showing Bullish...
AIZ has provided a great buying opportunity after the recent pullback. Price got supported and bounced off the 200 SMA and the POC of Volume Profile, and has broken the Bearish Trendline with High Volume. The MACD is also Bullish which indicates that the upswing in AIZ shall continue. I will be targeting the recent highs as take profit. TP2 - $1.740 TP2 -...
My trading Bias for FLT is Bullish as it has clearly bounced off the lows (Support), with a decisive break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region. TP1 ~ $17.30 TP1 ~ $19.08 Stoploss - $13.00 Please note these are my own notes, by no means trading advice....