Bullish trend confirmation indications: 1. Descending Wedge Pattern Broken. 2. Impulsive price action at the break of the wedge. 3. Price Broke the Squeezed Wedge with High Volume. 4. Price has retraced to the broken resistance zone, which is now Support. 5. Price Action shows Bulls are in control. 5. Good Buying Opportunity and very good reward...
Those familiar with IPL will already know they produce explosives, fertiliser & industrial chemicals for Mining & the Ag Industries. You would also likely be aware that the price has been channelling sideways since March 2020. Finally, the price appears to be making a break to the upside, so I like how IPL looks right here; for those who a little more cautious you...
1. RZI looks good with good volume. 2. Has been consolidating for a while between 0.70 and 0.73 zone. which is very healthy sign. 3. Bulls are trying to take over, pushing the price up with force to high volume trade zone at $0.865 range. 4. Over all trend is up with confirmation. 5. Good buying position is 0.800 6. I think the first take profit should be as...
REA Technicals = high probability - I'm looking to enter on the ascending triangle breakout. REA Fundamentals = lower probability - major cv19 head winds are incoming, but, I'm thinking the market takes an educated punt that any further real estate weakness will be meet with larger incentives/stimulus. This will likely lead to a bullish REA share price.
On 26 August 2020, $XJO was at 6161 and I said we will pull back to the moving averages and a big breakout will come... The 2 day chart have shown us we have broke down to the down side. This week, I said we need to close above 5836 on the weekly to stay bullish. We did that. However, it is not over yet. The 2 day candlesticks DID NOT CLOSE this week ,...
From a technical point of view the RBL chart has a bullish ascending triangle breakout. From the Fundamental side the CV19 tailwinds are extreme for RBL with the online retail. Additionally, the most recent report highlight being sales of 26 million in masks, you would think that trend continues to grow for the forseeable.
Expecting to see ASX:XJO to hold the larger overall triangle pattern and continue its general drift side ways after a decent pull back in the last few sessions - indicators turning up
WZR looks to be in a solid up trend and a bullish Triangle formation has presented. Additionally, WZR fundamentally likley has a number of opportunities to partner and jump on the back of the BNPL tail winds.
Technicals - Bullish flag leading into ex dividend date. Fundamentals - cv19 tailwinds to contunue for the forseeable & should continue to provide top line growth.
Ascending triangle formation in the TWE chart. High probabilty trade on the back of the market anticipating a positive close out of their class action dispute and potential market tailwinds with lockdowns easing. Waiting for the break out with bullish candle confirmation.
The RBA will restart buying Australia bonds as of tomorrow. With new curfew rules keep virus under bay in Melbourne - could be enough....
We closed below the trend line last week, can we get above it this week??? If we fail to do so, more selling will come and this could go for several days or weeks. The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893) it will trigger a sell signal with the TD sequential indicator. Furthermore, the MACD indicator...
Looks to be a bullish flag forming in Ansells chart. High probabilty trade on the back of their cv19 tailwinds/fundamentals. Waiting for the break out with bullish candle confirmation.
ASX:IPH The daily IPH share price has been in trading range since 17 April, 17 june IPH share breakout the key resistance level of $7.88 and closed at $7.98. A pullbacks in IPH shares seen as buying opportunites. Prediction target $8.72.
bottom wedge shortterm a break of the fib 2.618 would see it move up canarvan petroleum CVN much the same
Looks to be a bullish ascending triangle formation in the BVS chart. High probabilty trade on the back of the possible macro changes in the Superannuation sector. Waiting for the break out with bullish candle confirmation
ASX:XRO I have been watching XRO quite long time. Solid bullish pattern, and price target is $100. Good luck mates, don't miss the train.