Looking for sellers to take profit and bargain hunters to squeeze this heavily sold Australia stock index into the close Friday or for Pop higher Morning if US stocks can Bounce. In large sell offs Friday are profit taking days for sellers and this naturally causing some buying as they close short positions and in the fallout there are some stocks that are bought...
Hi all, An ascending triangle is classified as a continuation chart pattern. Continuation patterns are expected to lead to the continuation of an existing trend. While the ascending triangle is considered a bullish continuation pattern, exceptions are quite possible. It’s not infrequent to see it develop in downtrend conditions. Breakouts can also happen in both...
The US gave back a stronger open to fade lower into the close. Again the fight is between economic data and higher inflation and whether the strength in the US economy can continue and absorb high inflation and the inevitable rate hikes. Any economic data releases that fail to meet expectations will see the share market unwind risk and head lower. US key...
Australian shares are expected to start the day lower tracking overnight losses on Wall Street. Energy crisis statement just released. Queensland businesses are calling for a state government rebate to offset surging power bills. AU200 H4 Breakout
Share markets bounced back as the European and US markets brush aside higher inflation and rate rises. Markets are only in correction mode and have not built a longer term base so I expect a grind up prior to another bout of selling pressure to come in to the action. The Fed does nit seem as intent on containing inflation as first thought as we see the USD...
Review of the key levels in the major markets as global markets continue to bounce and find more buyers. Powell was concerned for the high inflation levels and hinted at being more aggressive if needed sending bond yields higher. Traders focused on the stronger than expected economic numbers and the resilience of the US consumer. USD fell away from highs as safe...
Review of the key levels in the major markets as the US bounces back Friday following of from a strong Asian and European session. Bargain hunters taking the opportunity to buy in an extended market so the questions is whether this bounce can gather momentum higher. The general trend for major Indexes remains down with the USD, Inflation and Interest Rate Rises...
Hi all, this morning, it's hard not to notice 6910 support on the ASX200 daily chart. Sellers once again breached the level but have again been unable to hold the break with buying developing in today's cash session. We see this level as key support as it has held firm since April 2021. Green circles show the amount of times sellers have been unable to break the...
Review of the key levels in the major markets as the US continues to edge lower. CPI release spooked the market and saw the DOW futures dump 500 points ahead of the stock market open. Prices did bounce back into the open...in a strange sign of strength...before dumping again into the close. This created a fear based market as traders focus on inflation and a more...
US markets meltdown Friday and pressure Asian and European Indexes lower. I talk through the major US indexes and others in Europe and Asian, highlighting the key levels to watch and the overall trend and bias of the action. Focus on : - US - DOW, SP500 and Nasdaq Europe - DAX and FTSE Asia - ASX200, Hang Seng and Nikkei FX - USD, EURUSD, AUDUSD, GBPUSD and...
The world is focused on the US indexes which have recently broken down out of the uptrend. The question is now whether there is more downside to come which could turn into a major selloff after such a big Fed Fueled pandemic rally. I take a look at the price action and major levels of the Key Indexes. In the US - DOW, SP500 and Nasdaq Europe - DAX, FTSE and...
sharing my view on XJO , previous close above , i have been sharing my view earlier this week due to holidays sharing my brief view the trend is positive and moved above our previous swing high on weekly basis.
LPI looks good on daily, weekly and monthly. LPI's lithium peers have gone considerably over $1.
Highlights Regular deep pullbacks and recover to ATH Consistency in number of days to reclaim ATH and extension to new ATH. Broken downward trend line. Under the support of lower pivot trend line. Also broken last resistance derived from double hidden divergence. Lastly, clear double bottom and broken neck line.
just a quick comparison of ASX:RIC to ASX200 Ridley Corporation Limited (RIC) is an Australian company involved in production of premium quality, high performance animal nutrition solutions. has had a steller run since June 2020
AVZ looks very promising to break out on Monday, MACD and RSI Cross. Also closed above 20 SMA
BST BEST & LESS GROUP Market Cap $378.6M PE 9.65 AX1 ACCENT GROUP ( Dr. Martens, Skechers, and Timberland.) Market Cap $888.7M PE 18.37 CCX CITY CHIC COLLECTIVE (plus sized women’s clothing, 'the Avenue' + 'Evans') Market Cap $735.2M PE 24.2 GLB GLOBE INTERNATIONAL (street fashion, skating equipment, outdoor clothing, and workwear, brands = 'Globe',...
Australia stocks were higher after the close on Thursday, as gains in the IT, Consumer Discretionary and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 1.10%. The best performers of the session on the S&P/ASX 200 were Flight Centre Ltd (ASX:FLT), which rose 6.61% or 1.17 points to trade at 18.87 at the close. Meanwhile, Webjet...