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...
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 /...
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 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...
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 /...
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...
Fmg - looks like the uptrend is about to resume. Key techinical - Inverse head and shoulders formation. FMG chart suggests it could be headed to $30. Resistance at $26. 20% upside. Key fundamental - Iron ore prices at record highs to continue, resulting in record EPS ( big dividends ).
Big gains in the next 3months then cool off period, 2022 gains expected up to 600% Buy at : 0.015 and hold.
Monthly chart for the ASX (Australian market) Green ovals show the clear bull rejections along the major trendline which has been recently tested and is breaking out to the upside I have labelled the chart patterns - I am unsure however if the 'Symmetrical triangles' are really that or Rising Wedges, so take that with a grain of salt
Key Technicals - High probability trade here with the REA chart showing a Cup & handle pattern. Looking to buy on breakout (top of cup) with above average volume or on the breakout retest as resistance becomes support. Key Fundamentals - Governments likely make sure housing recovery keeps on keeping on.
After reaching a new ATH in mid-August, Asx200 started to correct and found support in 7100 zone. At this moment we are in a correction following the first leg up since the recent low and the index can continue higher to challenge the ATH. This scenario is negated if we have a drop under 7150
Ultimately bullish on EOS, potential double bottom imminent. Could we potentially see a break to the upside after the last 1.5 years of consolidation? Fundamentally, the company is positioned well to do well in the mid-long term. Let me know what you think!