DRE looks good for a move higher...I expect that sceptical ASX investors are holding it back...maybe needs some more work above 0.087 support
The ASX200 is bias up ahead of the CPI release today....into previous resistance and highs so may react lower again but for now is looking nicely supported.
ASX200 - 24h expiry - We look to Buy at 7105 (stop at 7065) We are trading at overbought extremes. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 7220 and 7280 Resistance: 7340 / 7590 / 7800 Support: 7140 / 6965 /...
I would take a long position here but will be with smaller risk than usual because the market is at 4h resistance but there could be a chance for another push up.
ASX200 - 24h expiry - We look to Sell at 7130 (stop at 7175) We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our...
ASX 200 - Westpac descending triangle breakout. High probably pattern. Target is set at 21.60. STO is low so entry price between 22.60 and 22.90. Expect levels around the 20.60 level as a take profit. Volume: pretty low showing lack of support. RSI: The new low has been confirmed by a new RSI low of 34. STO: STO is low so it may be possible to enter a little...
ASX200 prediction for end of year , traffic light system . expect extra volatility within 3-5 days either side of full moon January 6th
ASX200 - 21h expiry - We look to Buy at 7000 (stop at 6960) Selling pressure from 7171 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The medium term bias remains bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be...
SPI200 - Intraday - We look to Sell at 7165 (stop at 7215) Buying pressure from 7018 resulted in prices rejecting the dip. With the Ichimoku cloud resistance above we expect gains to be limited. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. ...
ASX200 - 21h expiry - We look to Buy at 7160 (stop at 7120) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. The 200 day moving average should provide support at 7141. Preferred trade is to buy on...
Rounding Bottom has formed on ASX but the breakout was not strong at all. I think there'll be a retest to the previous support, which could jolt the price up to a target of 7,814 7 >21 >200 MA looking bullish. Now we wait
ASX200 - 22h expiry - We look to Buy at 7190 (stop at 7140) 3RR Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the...
ASX200 - 21h expiry - We look to Buy at 7226 (stop at 7180) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. We look to buy dips. Our profit targets...
ASX200 - 22h expiry - We look to Buy at 7270 (stop at 7230) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The medium term bias remains bullish. We look to buy dips. Our profit targets will be 7390 and 7590 Resistance: 7340 / 7590 / 7800 Support: 7140 / 6965 /...
HMX on the ASX is shaping up really nicely as price action holds a higher low and drags in more buyers. It may be only a matter of when not if bulls will charge up through 12 cents. With great prospects and news flow, I expect a solid move up.
Above upward sloping 20, 50 sma RSI 70 either overbought up trending Macd positive and above signal line Target = previous high
ASX200 - 22h expiry - We look to Buy at 7025 (stop at 6975) Buying pressure from 6959 resulted in prices rejecting the dip. Previous resistance level of 7027 broken. This is positive for sentiment and the uptrend has potential to return. Further upside is expected although we prefer to buy into dips close to the 7025 level. Our profit targets will be 7170...