AU200AUD - 24h expiry
The correction higher is assessed as being complete.
We expect a reversal in this move.
Risk//Reward would be good to call a sell from current levels.
A move through 7725 will confirm the bearish momentum.
The measured move target is 7625.
We look to Sell at 7750 (stop at 7790)
Our profit targets will be 7650 and 7625
Resistance:...
James Hardie vs Boral Limited ASX:BLD
- Price action side by side
- Key levels of Boral
- Keep track of sector and companies
- Trend first and later study fundamental ( for me😉)
Waiting for your comments to learn and share more ....
disc: Not invested , don't know about future
no recommendation only education and entertainment
ASX200 - 24h expiry
Pivot resistance is at 7680.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 7625 will confirm the bearish momentum.
The measured move target is 7550.
We look to Sell at 7650 (stop at 7686)
Our profit targets will be 7560 and 7540
Resistance: 7650 / 7675 / 7700
Support:...
Looking at the weekly chart, bulls may have something to worry about. The market is yet to even test 7500 let alone break above it, and each time it has tried (and failed) to do so, the ASX has fallen by double digits in percentage terms.
A bearish engulfing candle formed in the first week of the year after once again faltering at those cycle highs. And if we're...
On the chart we can see a rising wedge formation.
The price is still moving inside the pattern. Once is breaks the support line it would be a good time to enter the short position.
Target is showing on the chart.
Anticipating short-term bounce to fill gaps, re-test 23.6% Fib zone & create opportunities for Short positions.
Selling 'should' re-commence in September to test lower range re: parallel channel, in-line with Market Seasonality.
Over-extension into Golden Fib Range could signal warning of more extreme market capitulation (~6400).
Depends on break-outs either...
I am just not sure what has caused this extraordinary price drop, when apparently it was looking like it was just recovering from down trend - if anyone knows please comment .
May be it’s just natural price correction in market, looking at today’s price action, buyers were able to take it up in first two hours up to $125.84, till that time it’s was all buyers...
ASX200 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the downtrend...
ASX200 - 24h expiry - We look to Sell at 7210 (stop at 7260)
Posted a Double Bottom formation.
Neckline comes in at 7133.
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The 200 day moving average should provide resistance at 7210.
Our...
ASX200 - 24h expiry
Previous support level of 7129 broken.
Short term bias has turned negative.
Preferred trade is to sell into rallies.
The hourly chart technicals suggests further upside before the downtrend returns.
Further downside is expected although we prefer to sell into rallies close to the 7190 level.
We look to Sell at 7190 (stop at 7230)
Our...
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...
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.
ASX:STW
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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
DSK has rallied nicely, but the recent price action indicates that maybe price has gotten top heavy. It looks very overbought currently and may need a breather and a decent pull back, as it has printed a double top, coupled with MACD Bearish Divergence. It has also broken its trendline, which makes me believe that it may run out of steam and pull back lower. There...
