EML after making a high in late April, it plummeted hard. Since it found support, the recent price action looks like a dead cat bounce. This price action does not give confidence and there could be one more leg down in the cards. It has very strong support at $2.60 level where I have my Buy Zone (between $2.60 and $2.80). I may buy near my Buy Zone after bullish...
CGF after making a high in early February, plummeted hard. After the bounce, price has gone up but the current swing looks very corrective. It could be in the process of making a bear flag and price could come down to the lower end of the parallel channel to give one more swing low and another buying opportunity. If price comes down, I would wait for bullish price...
JHX is in a confirmed uptrend but the current price action seems exhaustive. As we can see bearish candle at the top and Overbought RSI, it could pullback lower to offer a swing low. I have two buy zones (1st Buy Zone between $42.0 - $43.50) and (2nd Buy Zone between $37.70 - $38.70), where I think price may come to test as these are previous Resistance zones or...
ORE is in a strong uptrend making consecutive higher highs and higher lows. This chart looks healthy but currently the last swing high seems quite overbought as the RSI indicator is in the Overbought Zone. We could see a pullback, and if we do then I would be a buyer at a lower price. My Buy Zone is between $6.00 - $7.00, a good Support zone, and if price comes...
NEW is looking good on the Weekly and Monthly Chart and indicating that the long term downtrend may be over or the downward momentum may be shifting to the long side and it wants to move higher. I have a Buy Zone between $0.820 - $0.840 (previous Resistance level - now Support), where I expect price to retest. I will look for bullish price action confirmation to...
CRO has bounced off support and has managed to close back above the trendline with high volume, indicating that the uptrend may be intact and price may swing higher. My target for this trade is $0.100 (a potential 25% gain) and my stoploss on this trade will be $0.500 which is below the 50 SMA. Please note these are my own notes, by no means trading advice....
ABB has shown a spectacular rally and the current swing looks like it has gotten overbought. The RSI looks quite overbought, and seems that it may be preparing for a swing lower. I expect price to swing lower to my buy zone where I would be interested to get long after bullish price action confirmation. My current buy zone is in the range of $2.90 - $3.10, which...
4DX has broken its downtrend line with force and high volume, indicating a change in trend. Any retracement lower could be a very good buying opportunity. I expect price to test its support or any retracement lower could be a good opportunity to buy. My Buy Zone is between $1.500 - $1.550, where I would be monitoring price action and buy after bullish price action...
RBL has pulled back strongly in 2021 and has potentially found support at the Fibonacci 61.8% level, from where it has bounced off and currently has pulled back again towards the same level. The recent price action suggests that it is a good support level and any bullish price action may be a good sign that price may swing to the upside. I may take a long position...
LBY has shown strong bullish price action by breaking the descending wedge to the upside with very high volume indicating a potential change in the downward trend. It seems that price wants to move higher now. We may be facing initial resistance now but I will be monitoring price action closely and will buy once it shows bullish price action. There is bullish...
SPT has clearly broken out of its descending wedge with very high volume indicating that the downward trend may have changed. The current price action shows that price is pulling back and any bullish price action may get me involved. I would be a buyer after it prints bullish price action and I will be targeting the Resistance level of $0.850, a good potential...
After more than a decade of poor performance relative to other markets, the Australian stock market has clearly broken out. At least it has broken out in AUD terms, not USD terms (not yet). It's looking pretty strong and in my opinion it could continue much higher. Definitely one market that makes me have a more bullish outlook on stocks in general. At some point...
OGC is in a confirmed uptrend as it has been make higher highs and higher lows. I believe that the current pull back is complete as it has bounced off the 200 SMA and looks like its preparing to move higher. MACD has aslo given bullish cross indicating that it is expected to move higher. I am targeting the Resistance point at $3.20 which could provide a 20% gain...
VGL is looking strong after break of its downward sloping trendline and very high volume. It looks like it wants to move higher. I am aiming for a push to the upside at $2.70, its Resistance point which could provide a potential 20% gain. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
BVS looks strong after its break of the downtrend line with High Volume. The recent price action confirms that the bearish trend has come to an end. Currently it is pulling back and I have two Buy Zones where I will wait for bullish price action to take a long position. My 1st Buy Zone is near the 200SMA around $3.10 - $3.20 region and the second Buy Zone is...
IAG is currently pulling back and I expect that this pull back may provide a good buying opportunity. I will take a long position once it prints bullish price action and targeting the recent highs around $5.50. My stoploss will be below the current swing low. Please note these are my own notes, by no means trading advice. Please do your own research before...
ORG has pulled back and is showing support at the current support level. This could be a sign that this pullback may be over and it could potentially move higher. I am targeting the Resistance level of $5.30 with a tight stop below the swing low (potential 22% gain). Please note these are my own notes, by no means trading advice. Please do your own research...
BET has pulled back lower but has shown good support at the 200 SMA so far. Currently it is consolidating but i would be a buyer if it manages to hold at the current levels and show bullish price action. My target would be $1.140 level, its first Resistance level for a potential gain of 22%. Please note these are my own notes, by no means trading advice. Please...