westpac bank has been completely gutted buy the covid19 mania.... literally feels like 2002 out here ........... gonna catch a long on this soon but no indication of reversal yet
Likely close below the 200MA on the weekly chart will lead to further downsides as the alligator indicator opens up bearishly. Also currently sitting under the ichimoku cloud, providing a resistance. We could be on the brink (early stages) of a recession.
Good morning, I want to show you an important trading indicator today and it is the 200 moving average low on the monthly. (currently at 4885) This indicator acted as major support during the GFC (Nov 2008, Mar 2009) and we tested this level last Friday and bounced strongly..... I will wait and watch the monthly close to see if this is an excellent buying...
Good Evening, investors and traders, the Asx200 $XJO went lower again due to market uncertainty with the coronavirus. Last week, I said if we breach the 50 moving average, the first level of support is around 6300-6400. The market went straight down to 6259.9 on Monday and traded sideways between 6259-6500 for a few days and eventually making a new low of 6216 at...
Potential short opportunity, can be seen to be hanging under the resistance line, with an immediate death cross on the daily chart in play, these are usually more effective on the weekly chart but we will see how it plays out. Aussies spending too much money on toilet paper..
The retracement that I was waiting for came this week and we went down fast and hard. This has made me more bearish than before in the short term. We could see an "exit pump" in the next few trading sessions by big investors/institutions and have the price level jump back toward the 20 moving average before going down further like the past. Therefore, for me...
The setup is pretty basic: there has been a failed pennant which has returned to the long running channel and is heading back to support at 0.125. It may or may not get there, instead turning at the moving average, but it should getto the bottom trend line. I would expect after the price has consolidated a little that the trend will resume. Short term target is...
I'm not so certain of this set up, but I'm keeping a close eye on it still. There is a large triangle that has formed in the price action which within it is playing through a series of peaks and troughs. If the cycle series is correct we could expect to see a bump in the next few days. The 200 day moving average was just crossed and now after hit a resistance...
IPO didn't open any higher but on market buying has been impressive, Looks to have most of the supply from Traders/Sellers move it down to the 20EMA where it has seen support, will need a few more days to play out here but possible early entry for anyone building a position
DDR has set up a nice weekly pattern and is now on the other side of the weekly trend line, I would like to see volume dry right up and the 50MA turn to face up on the daily. Will be checking this chart daily.
SVW broke out of 14 month base today after resetting a 2 week pivot, hopefully the beginning of a new trend
SVW looks like its setting a nice stage one, possible 2 week pivot here, very low volume, an entry above last weeks high and stop just below provides a nice RR with an aim to get some out at the old highs.
This stock is showing great signs of breaking out of it upwards trending range. The ADX is holding a strong bullish trend with the reading of 40. All the moving averages are aligned and the SAR indicator confirming a buy signal. The OBV stayed well above its moving average as pull backs waves are becoming smaller, on low volume, as price moved higher. The stock is...
Hello my dear You can find all details on the chart above. ASX:APT Entry: 28 - 28.5 Targets: First : 36.4 Second: 46.4 Stop: 25 ______
Energy Sector XEJ looking good. Whitehaven Coal looking good too. From a TA point of view: Broken downward trendline RSI and MACD rising I like it even more once the stock price can close above the 50 MA. Keep it on your watchlist!
Selling absorbed at support indicating a reversal for long entry. Possible target price is 0.18 Moving trend line down trend intercept support Waiting for price action to confirm reaction to break up Still bearish but bullish momentum could break the down trend Use you trading strategy to confirm the bias