Bullish potential detected for SGP (and potential outside week)Entry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:SGP
- i.e.: above high of $6.48 of 26th August (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI.
NOTE: A potential outside week also exists for this trade - if preferred, await for trade above the high of the week ending 17th October (i.e.: above $6.56) for further confirmation.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 26th September (i.e.: below $6.03).
Asxlong
Bullish potential detected for DXSEntry conditions:
(i) higher share price for ASX:DXS along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 2nd December 2024 (i.e.: below $7.30), or
(ii) below the support level from the open of 12th August 2024 (i.e.: below $7.16), or
(ii) below the recent swing lows of 25th September (i.e.: below $7.11), depending on risk tolerance.
Potential outside week and bullish potential for AZJEntry conditions:
(i) higher share price for ASX:AZJ above the level of the potential outside week noted on 3rd October (i.e.: above the level of $3.28).
Stop loss for the trade would be:
(i) below the low of the outside week on 29th September (i.e.: below $3.17), should the trade activate.
Bullish potential detected for SHLEntry conditions:
(i) higher share price for ASX:SHL along with swing up of indicators such as DMI/RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the recent swing low of 8th October of $21.42, or
(ii) below the prior swing low of $21.07 from 26th September.
ASX to continue in the upward move?AU200AUD - 24h expiry
Short term bias has turned positive.
The primary trend remains bullish.
8910 has been pivotal.
20 1day EMA is at 8905.
Dip buying offers good risk/reward.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 8913 (stop at 8863)
Our profit targets will be 9063 and 9093
Resistance: 9011 / 9046 / 9075
Support: 9842 / 8910 / 8829
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Potential outside week and bullish potential for TPGEntry conditions:
(i) higher share price for ASX:TPG above the level of the potential outside week noted on 3rd October (i.e.: above the level of $5.19).
Stop loss for the trade would be:
(i) below the low of the outside week on 1st October (i.e.: below $4.96), should the trade activate.
Bullish potential detected for AGLEntry conditions:
(i) higher share price for ASX:AGL along with swing up of indicators such as DMI/RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the low of the recent gap-up (12th September) of $8.44, or
(ii) below previous potential support of $8.24 from the open of 28th August, or
(iii) below the prior swing low of $8.03 from 26th August.
Bullish potential detected for QOREntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:QOR
- i.e.: above high of $0.705 of 14th August (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 5th September (i.e.: below $0.565).
Bullish potential detected for BGLEntry conditions:
(i) higher share price for ASX:BGL along with swing up of indicators such as DMI/RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the long-term support level of $0.98 (from the open of 7th January), or
(ii) below the rising 30 day moving average (currently $0.94).
ASX200 to find buyers at previous support?ASX200 - 24h expiry
Daily signals are mildly bullish.
50 1day EMA is at 8792.
Short term bias has turned positive.
Support is located at 8780 and should stem dips to this area.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 8794 (stop at 8761)
Our profit targets will be 8894 and 8914
Resistance: 8835 / 8850 / 8890
Support: 8806 / 8780 / 8717
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Bullish potential detected for PME (gap continuation)Entry conditions:
(i) higher share price for ASX:PME along with swing up of indicators such as DMI/RSI (gap continuation play).
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the previous potential support of $294.88 from the open of 18th September, or
(ii) below the low of the recent swing low of $288.28 of 15th September.
Bullish potential detected for IREEntry conditions:
(i) higher share price for ASX:IRE along with swing up of indicators such as DMI/RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the low of the recent gap-up (4th September) of $8.80, or
(ii) below previous potential support of $8.63 from the open of 13th May.
Potential outside week and bullish potential for CDTEntry conditions:
(i) higher share price for ASX:CDT above the level of the potential outside week noted on 5th September (i.e.: above the level of $0.078).
Stop loss for the trade would be:
(i) below the low of the outside week on 2nd September (i.e.: below $0.063), should the trade activate.
Potential outside week and bullish potential for IAGEntry conditions:
(i) higher share price for ASX:IAG above the level of the potential outside week noted on 15th August (i.e.: above the level of $8.86).
Stop loss for the trade would be:
(i) below the low of the outside week on 11th August (i.e.: below $8.18), should the trade activate.
Bullish potential detected for STOEntry conditions:
(i) breach of the upper confines of the Darvas box formation for $ASX:STO.
- i.e.: above high of $8.02 of 16th June (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 20th August (i.e.: below $7.48).
Potential outside week and bullish potential for SHGEntry conditions:
(i) higher share price for ASX:SHG above the level of the potential outside week noted on 29th August (i.e.: above the level of $0.355).
NOTE: Be wary of the market reaction on Monday, 1st September since the annual report was released after market hours on Friday, 29th August - don't chase the market if there is a severe gap up.
Stop loss for the trade would be:
(i) below the low of the outside week on 25th August (i.e.: below $0.305), should the trade activate.
Bullish potential detected for HIOEntry conditions:
(i) higher share price for ASX:HIO along with swing up of indicators such as DMI/RSI (break out of recent channel).
Depending on risk tolerance, the stop loss for the trade would be:
(i) below previous support of $0.017 from the open of 7th August, or
(ii) below previous swing low of $0.016 from the open of 17th July.
Bullish potential detected for SPKEntry conditions:
(i) higher share price for ASX:SPK along with swing up of indicators such as DMI/RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below previous support of $2.23 from the open of 4th August, or
(i) below previous support of $2.19 from the open of 12th June.
Potential outside week and bullish potential for NOVEntry conditions:
(i) higher share price for ASX:NOV above the level of the potential outside week noted on 31st July (i.e.: above the level of $0.032).
Stop loss for the trade would be:
(i) below the low of the outside week on 31st July (i.e.: below $0.026), should the trade activate.
Potential outside week and bullish potential for ALQEntry conditions:
(i) higher share price for ASX:ALQ above the level of the potential outside week noted on 8th August (i.e.: above the level of $18.63).
Stop loss for the trade would be:
(i) below the low of the outside week on 4th August (i.e.: below $17.67), should the trade activate.
ASX intraday dips continue to attract buyers.ASX200 - 24h expiry
Price action resulted in a new all-time high at 8974.
Offers ample risk/reward to buy at the market.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Price action continues to trade around the all-time highs.
20 4hour EMA is at 8925.
We look to Buy at 8926 (stop at 8876)
Our profit targets will be 9076 and 9096
Resistance: 8974 / 9000 / 9050
Support: 8898 / 8820 / 8788
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Bullish potential detected for QUBEntry conditions:
(i) higher share price for ASX:QUB along with swing up of indicators such as DMI/RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) a close below the bottom of the formed channel (i.e.: below $4.20), or
(ii) below previous support of $4.11 from the open of 9th May, or
(iii) below the rising 150 day moving average (currently $4.07).
Potential outside week and bullish potential for CNIEntry conditions:
(i) higher share price for ASX:CNI above the level of the potential outside week noted on 4th July (i.e.: above the level of $1.795).
Stop loss for the trade would be:
(i) below the low of the outside week on 30th June (i.e.: below $1.655), should the trade activate.