Great short the daily resistance play on ORA, just need to be more patient while i'm trading!
Did well with my short play on Z1P, gap up nicely then fail to pass $5.37. Got in at $5.34 with a stop at $5.39 with 1,500 shares. Reduce my position at 1 R by 30% then got out the rest at $5.26, quick scalp play to the downside. I like to calculate the stocks Standard Deviation of 1 year data, hence why $5.37 is a key level.
On the Daily it has formed a nice higher high pattern and it looks good for a break out trade, looking for buys above $1.56
Z1P is well over extended from its previous close, touch new time high of $5.19. If it gaps up past 5.37 or gaps down 4.96, these are my shorting ranges, if its moves higher then it gives me more reason to short it. looking for a quick scalp :)
breaking out, closing above its 2.618 extension level of the April 2010-August 2011 decline.
Last Night oil prices drop 3.1% just due to trade war concerns, this is why I'm looking into WOR. On the TA side, the weekly prices are below the 13 and 50 ema with the confirmation on the MACD as well. The daily price it looks like it got rejected by the 50 EMA with the confirmation on the Stoch. Looking for quick scalp below $13.37.
NAB has been rising with a gain of 26 per cent since January. Prediction shares price target $32.95.
By September 2016, JB Hi-Fi was flying hitting a high of $31. Over the next 6 months the stock would pull back and have a second attempt to rally to new high's without success. This triggered a sell off down to $21.20. By June 2017 we had seen an increase in supply levels and overall increase in volume until the climax. A nice strong automatic rally from $21 saw...
Both weekly and daily is showing strong bullish momentum, the weekly is showing both EMA's are below the price. With the daily pullback as well with the confirmation on the Stoch oversold. Looking to buy above $32.68. Happy trading
The Australian stock market (AXJO) is currently rising after a strong pull back that took place in July. This rejection happened because the market reached its All Time Highs of October 2007. Despite the rather strong selling manner in which it was conducted, we believe that this sell sequence is not over yet and a stronger correction is needed. The reason for...
ASX:XJO Very close to new All Time High if it were to breakout this resistance the index of the Australian Stock Exchange. Let's set the alerts and prepare to ride a potential new trend.
Estimated shorts, stop losses for ASX200 based on a repeated market sell off, precipitated by the global markets selling off during a long-term US-China trade war, widening as tensions rise.
Some support zones that correlate to the Fib replacements. For short term trading I am looking for 6512 and 6300 as bounce points.
NCM looking golden. Shorts around all time high resistance and longs at overall support level.
WPL is very volatile so entries are key to this market. aggressive entry at the .618 and long term support entry at the 1.618. Overall I am short on WPL.
TCL is on a tear. We see that TCL smashed the 1.618 but is approaching the 2.618 with high velocity. Keep an eye on TCL for a retracement.