Detected 05-Jul (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 05-Jul. ASX:WEB represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price along with swing up of indicators such as DMI/RSI. Stop loss for the trade...
Detected 17-May (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 17-May. ASX:QUB represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) breach of the upper confines of the Darvas box formation - i.e.: above high of $3.68 of 15th May...
Detected 27-Jun (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 28-Jun. ASX:YAL represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price along with swing up of indicators such as DMI/RSI. Stop loss for the trade...
Detected 07-Jun (detailed commentary and full scan results available in the signature below). Trade activated as at time of review of 07-Jun (albeit on low volume though). ASX:TNE represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) breach of the upper confines of the Darvas box formation - i.e.:...
Detected 21-Jun (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 21-Jun. ASX:MQG represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price along with swing up of indicators such as DMI/RSI. Stop loss for the trade...
Detected 28-Jun (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 28-Jun. ASX:AGL represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price along with swing up of indicators such as DMI/RSI. Stop loss for the trade...
Yet if you read the financial press to make your investment decisions You would be de risking when you should be putting the pedal to the metal. Inverse Head and Shoulders points to a whopping price from here once the neckline is broken.
Detected 14-Jun (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 14-Jun. ASX:NXT represents a potential bullish opportunity should momentum continue and newer highs be made. Entry conditions: (i) higher share price above the level of the potential outside week noted on 13-Jun. Stop loss for...
ASX200 - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the bullish momentum. The measured move...
Prices have been coiling on the daily chart to form a potential bullish pennant / symmetrical triangle, which hints at further gains. RSI (14) remains over 50 on the daily chart, and volumes were lower during the consolidation to show lack of conviction from bears, sellers stepping in at the cycle highs. The 1-hour chart shows prices retracing lower after RSI (2)...
AU200AUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 7800 will confirm the...
Looking at afternoon trade, SPK represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position, considering breach of recent resistance levels aligning with technical indicators of RSI and DMI. Relative strength in the Midcap 50's as well as the communications sector (XTJ) adds further impetus...
Telstra Corporation Ltd ASX: TLS ASX:TLS - Telstra 5G wave could do a trick... - Telstra planning to push for 5G instead of fixed broadband telecom line. - Restructuring for TLS has been painful but surely step in the right direction. - Dividend policy has been reviewed that shows that TLS management may be aiming for growth and giving competitors run for...
ASX:AGL AGL Energy is have been underperforming for long time , now for one year return is just 3.16% Look the chart and notice - double bottom formation on weekly chart - higher high higher low formation - no supply - stock also above the key level of fib levels disc: invested and tracking
The ASX 200 suffered its worst day in 10-week on the final day of May, thanks to weak China PMIs and month-end flows. The first day of June posted a very minor (almost sheepish) gain, but with a positive lead from Wall Street and SPI futures higher by ~0.66% overnight, the ASX is expected to extend its rise from the lows. The fact that the lows formed around a...
I suspect it could be a case of now or never for ASX bulls. Whilst it suffered its worst day in 9-weeks on Thursday, this could be part of an ABC correction and the 200-day MA is nearby as a probably support level, even if it breaks lower today. Futures markets shows heavy volume occurred around yesterday's lows (bears piled in around the lows) yet sentiment...
The possible 'sympathy bounce' towards 7300 highlighted last week played out nicely. Whilst we're on guard for bearish momentum to return as part of the seasonal 'sell in May and go away', we retain a bullish bias over the near-term. Prices have since pulled back from those highs and price action on the intraday chart appears to be corrective, in the form of a...
Whilst prices are expected to open lower, we’re on guard for a small countertrend bounce. A bullish hammer formed on the daily chart at the lower Bollinger band which found support at the 50% retracement level and 200-day EMA. A bullish divergence has formed on the RSI (2) within the overbought zone. A break above yesterday’s high could potentially see it retest...