My trading bias for LLC is Bullish as it has bounced off the lows (Support), High Volume Profile Zone and the lower edge of the Pitchfork Channel. The Bullish Price Action suggests that LLC may go towards the previous Highs, providing an 11% gain. TP ~ $14.70 (potential 11% gain) Stoploss - below $11.70 Please note these are my own notes, by no means trading...
I have a Bullish Trade Bias for DXS because the trendline Support has held very well and price has bounced off strongly with High Volume. MACD is also bullish which supports my trade idea. I think we will see DXS move higher in the next few days. TP1 ~ $9.45 (potential 6%) TP2 - $9.80 (potential 10%) Stoploss - $8.30 Please note these are my own notes, by no...
My trading Bias for GOZ is Bullish as it has clearly broken the Bearish Trendline with very High Volume.MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a continuation to the upside, and expecting a potential 6-9% gain. TP Zone ~ $3.30 - $3.45 Stoploss - $2.95 Please note these are my own notes, by no means trading...
My Trading Plan for OPY is Bullish because it has broken the Descending Wedge and has even Backtested it. I expect OPY to move higher. TP1 ~ $4.00 (Potential Gain 43%) TP2 ~ $4.80 (Potential Gain 72%) Stoploss - $1.900 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
My trading Bias is Bullish for SCP as Earning Report is out of the way now, and after smashing surprise positive earnings. On the technical front, SCP managed to break out of the Bearish Trendline with High Volume indicating that the Bulls are now in control and want to take the price higher. It has gotten Support right at the edge of the trendline and at the...
MGR has bounced off from Support and the High Profile Volume Zone with High Volume, after breaking the Bearish Trendline, suggesting that the Bulls have now taken over and want to ride the price higher. MACD has also crossed with RSI coming out of the Oversold region. I belive that MGR has given a good buying opportunity. TP1 - $2.53 (potential 10% gain) TP2 -...
My Trading Bias for CSL is Bullish because after forming a High High, it has confirmed that it is in an uptrend. The recent pullback at Fib Retracement level of 78.6% has been good support, and Bullish price Action with a break of the Bearish Trendline coupled with High Volume indicates that COF should continue to the upside. TP1 - $2.150 TP2 - $2.230 Stoploss -...
I think CQR is preparing for a move to the upside as price is now above the 200SMA and 50SMA and it has also broken the Bearish Trendline with High Volume. I think it is preparing for a move towards its previous Highs. TP1 - $3.90 TP2 - $4.05 Stoploss - $3.30 Please note these are my own notes, by no means trading advice. Please do your own research before...
GPT may have finished its retracement and may be ready for an up move. As it has broken the Bearish Trendline, and a bounce of the Support Zone and High Profile Volume Zone, I think it is going to move up towards the previous Highs. TP1 - $4.57 TP2 - $4.77 Stoploss - $3.97 Please note these are my own notes, by no means trading advice. Please do your own...
ABP is forming a bullish pattern suggesting that Buyers are in control now and most likely ABP is expected to head higher to the previous Highs. The price has broken out of the Descending Wedge Pattern decisively with High Volume and showing Bullish Price Action. TP1 - $2.90 (Potential gain 6) TP2 - $3.00 (Potential gain 11%) Stoploss - $2.55 Please note these...
The Chart formation of VCX suggests to me that it may continue higher as it managed to bounce of decisively off the 200SMA and even managed to closed above the 50SMA and the Bearish Trendline with High Volume. I think it may go to retest the previous highs. MACD has also crossed indicating a continuation of the trend. TP1 - $1.750 (potential gain 6%) TP2 - $1.850...
My trading Bias for URW is Bullish as it has clearly bounced off the Support Zone and the 200 SMA. I expect URW to continue higher towards the Resistance Zone between $5.30 - $5.80. TP $5.30 Stoploss - $4.15 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Pretty tough week on the ASX 200. Price down around 1.5% for the week. Could be seen as a minor correction. Price has broken 50EMA and now sitting at just below a 3 month trendline and at the bottom of the Bollinger band which has historically provided strong support so we could be looking at a slightly more stable week next week as prices recover however some US...
The trend is your friend, I am still bullish in this market, however, we must hold the 50 moving average on the 3 Day chart "yellow line", currently sitting at 6400. We have not closed below this level and 50 moving average for months....
The chart pattern is showing a "cup n handle", go long if we can breakout of this resistance $5.86 More on cup n handle pattern. www.investopedia.com
The chart pattern is showing a "cup n handle", go long if we can breakout of this resistance $21.53 More on cup n handle pattern. www.investopedia.com
$HUM.AX ugly bar and volume - stay safe $HUM #ASX
My trading Bias for SCG 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. I am expecting a breakout with energy, and expecting a potential 7-8% gain. TP ~ $3.00 - $3.10 Stoploss -...