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...
ASX200 - 22h expiry - We look to Sell at 7025 (stop at 7090) We are trading at overbought extremes. Previous resistance located at 7028. A lower correction is expected. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer...
ASX200 - 22h expiry - We look to Buy at 6875 (stop at 6825) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation...
ASX200 - Intraday - We look to Buy at 6595 (stop at 6550) We are trading at oversold extremes. A Doji style candle has been posted from the base. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. Our profit targets will be 6720 and 6770...
ASX 200: bearish divergence at the top, and rejected from resistance zone as well. Right now at its hourly support of .618 Fib. Breaking this level tomorrow morning will take the price to .786 region, and after that 6400 support. at 15 mins TF, a series of LH, LLs have been created already.
ASX200 - 22h expiry - We look to Sell at 6860 (stop at 6950) Posted a Double Bottom formation. The 1 day moving average should provide resistance at 6790. We have a 61.8% Fibonacci pullback level of 6857 from 7138 to 6410. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred...
ASX200 - Intraday - We look to Buy at 6785 (stop at 6715) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Buying at market offers good risk to reward ratio. Preferred trade is to buy on dips. Our profit targets will be 6980 and 7020 Resistance: 7020 / 7160 /...
G'day Traders and Investors, Note: Before reading this, I would like to declare that this is not a financial advice, I am not financial advisor. Any mentioned information is for education and entertainment purposes only and based on my trading and investing strategy. . I may or may not act according to this analysis. AUS200 extended gain continuedly from the...
From relative obscurity, buy-now-pay-later (BNPL) services have become instant superstars. As consumer preference shifts from credit cards to interest-free instalments, the market for BNPL providers also grows, attracting regulations that may curb their capabilities and the fast rate at which the sector is expanding. It wasn't until 2015 that BNPL caught...
This week is one of the busiest for the Australian Securities Exchange, with many of its biggest names delivering their respective earning reports. Among those reporting is the country’s largest mining company, BHP Group (ASX: BHP). BHP are expected to deliver their FY2022 results on 16 August 2022. In addition to BHP’s results, the miner announced an AU $8.4...
This week is one of the busiest for the Australian Securities Exchange, with many of its biggest names delivering their respective earning reports. Among those reporting is the country’s largest mining company, BHP Group (ASX: BHP). BHP are expected to deliver their FY2022 results on 16 August 2022. In addition to BHP’s results, the miner announced an AU $8.4...
Australian Stock Market General Analysis for the next 2 years Hurst Cycles + Elliot Wave Currently we are on a relief rally which will end in a month or so
ASX200 - Intraday - We look to Buy at 6985 (stop at 6906) 6980 continues to hold back the bears. The lack of interest is a concern for bears. Preferred trade is to buy on dips. Further upside is expected. Our profit targets will be 7157 and 7200 Resistance: 7160 / 7300 / 7630 Support: 6980 / 6800 / 6425 Risk Disclaimer The trade ideas beyond this page are...
Happy Monday. Thanks for tuning in. Today we’re looking at the ASX200 as a few things point to buyer control. Since last Friday, we continue to watch the new fast uptrend remain in play. Buyers are also starting to break out of a wedge pattern, but we want to see if price can get back up to and break 6715. A move up to and break of that level could start to tell...
In this update we review the recent price action in the ASX200 and identify the next high probability trading opportunity and price objectives to target
Australia’s main share index, the ASX 200, closed lower on Wednesday by 0.5%. This fall could have been a lot worse If not for technology and financial stocks mitigating the rout in other major Australian sectors. Australian Securities Exchange’s Metals & Mining Index fell by a massive 5.6%. Heavyweights in the mining sectors, Rio Tinto (ASX: RIO), Newcrest...