With no imminent economic risk either local or global, it's hard to see the LT uptrend broken at this stage. However, it's too early to call this the bottom.
$RHC.AX #RamsayHealthcare looks bullish abv 56 its 61
Looks like a great bullish breakout here to me, but I wish the volume was a bit higher. Distance between 2014 high ($42) and lowest low since then ($12) is $30 which gives a long term goal price of $42+$30 = $72 target which would likely take years to hit. In percentage terms this is 60% upside A stop at $37.49 gives a risk of $7.63 or 17% Anyone else have...
#ASX200 $XJO testing broken uptrend line
The market has over extended now and as i have mentioned in my previous post, i am expecting green this week. Today's close is evident of that and looks good for a 1-2 week up trend. I Expect us to reach the red area before heading down lower. friend of mine mentioned that US earning reports re coming out in 2 weeks. This may be the catalyst that takes us lower...
The market had a good bounce today with an even red and green movements. As per the bounce. The perfect wick from serious support (i.e. the sidways movement back in 2017). As mentioned in my comment on my other post, I expect more green to come this week. The DJI is already up 1% with many US stocks in the green. I suspect this is our first pivot point with...
I did not expect such strong selling through the 6000 level so soon. I was honestly expecting a bounced at 6000 with long term support (trend line) holding.. I guess THEY had other plans ;) The selling occurred due to the $DJI breaking support and dipping just under 6%. Second target in sight, however, the fisher and RVGI are both over extended so I expect some...
I don't know what happened today, but we are almost there. TA > FA.
Headed towards Uptrend line (pink) arrow.
Long until Fisher bounce 50 EMA about to cross 100EMA - Long until cross. Most likely will double top at 4.41. Rules from daily still apply... except $6 looks unlikely for now. Highest volume week for a while approx 2 weeks ago.
A bull div is forming on the daily, looking at a retest of resistance a 6233.9. Larger time frames (3D and weekly) still say down. Fundamentals (economy, banks, dollar etc) also say down. Will update once we approach the level. Current sentiment - long... extremely short term though.
Chris Moody's MacD indicator showing buy signal right now Squeeze Momentum showing it's in the good deal territory Candles are below the Chris Moody's MA As soon as you see 2 consecutive red candles on the 1 DAY Heikin Ashi chart for ASX:XJO, that's your stop loss, get out. ...otherwise I don't see why it can't hit 6300 even with one pullback.
FUNDAMENTALLY, AUSTRALIA ECONOMY ISNT BAD AS EMPLOYMENT STATISTIC JUST RELEASED WHICH SUPRISED A LOT OF PEOPLE. TECHNICALLY, IF THIS INDICE STAYS ABOVE 6000, WE WILL REMAIN BULLISH
-Ascending wedge potential downside bearish break/reversal -Test ~6150 minor support, if broken test 2015 52-week high of ~5900 major support in coming months. -Watch 365 SMA to identify potential trend change
ASX 200 started a new five Elliott wave structure after the completion of correction in Februrary 2009. It has since completed four waves on a monthly scale and is now running upwards in its fifth wave which is likely to terminate around 6800 and go down to around 4500. Why do I think so? If we zoom in in the period from February 2016 when the fifth wave...