$MQG hitting long and near term resis lines . Breakout or meltdown?
It's been a long time monitoring this and it's getting a lot closer to PRZ. I will be setting up multiple entries all the way up to 6006.
channel resis meets time cycle on AUS200. Looking to short a breach of channel then failure to hold above
Friday's sell-off suggests the rally from November lows has topped out at least for the short-term, however, it is too early for bears to jump the gun. They need to wait for the daily close below the rising trend line support! That would push the MACD below zero and the RSI below 50.00 levels and open doors for a sell-off to 5568-5400 levels. Only a daily close...
Feb 12: 11.00 AEDT This stock starts throwing up long pins in consolidation mode. In trend, it tends to have longer bars w/ short pins. My previous discussion (12 Jan) suggested a rally out of (expected) support at $5.29. This failed, and it pulled back to secondary support around $5.15 and $5.10 It is well supported on weekly as shown and has a higher high/...
Detail is in the chart. Encouraged by seeing Pardis post re ASX Stocks ... hat tip
Please see annotated chart for details.
Detail is in the Charts. Remember you are all adults. Trade your own plans and your own limits
Detail is within the Chart. As usual the XJO is pre-empting the SPY and the AUD Our market is not big enough to have its own ideas.
Stock Trading rule no. 1. Always follow the trend because the trend is your friend (or your worst enemy). If you would have bought and held this stock at 90% of the points since mid November, you would have lost. You were very lucky the stock went up yesterday. There is a very, very, very, very high chance you have not picked the bottom and that the stock will...
I'm shorting the ASX 200 on overbought conditions. This reversal trade offers a good risk-reward ratio. Take profit: 200 EMA Stop loss: last Friday's high Good luck.
Congratulations to those how made money over the Presidential Election. Now I will just wait for ThanksGiving and Black Friday, here we should see the market Rally to the magical 5400. Where is the market going to end by the end of the year:???? 5500 or 5624?
After a quite month on the sideline, all my indicators are pointing to LONG. Why? Election is almost finish. MACD is on a BUY Stoch is on a BUY
S&P ASX in a potential corrective wave 2/B/d. The equal legs projection would have wave 2 completing around 2940.