Bearish potential detected for A2MEntry conditions:
(i) lower share price for ASX:A2M along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the 4hr support/resistance levels previously established, depending on risk tolerance (i.e.: $8.25 from 23rd January or $8.14 from 20th January).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above all congestion and declining yearly VWAP (currently $8.79), or
(ii) above the previous support level established on 18th December (open of $8.92).
Asxshort
Bearish potential detected for AGLEntry conditions:
(i) lower share price for ASX:AGL along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $9.00 (open of 28th November).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the declining 200 day MA (currently $9.55), or
(ii) above the recent swing high of $9.63 from 3rd December.
Potential outside week and bearish potential for CWYEntry conditions:
(i) lower share price for ASX:CWY below the level of the potential outside week noted on 19th December (i.e.: below the level of $2.55), and
(ii) observing the market reaction around prior support of $2.50.
Stop loss for the trade would be:
(i) above the high of the outside week on 17th December (i.e.: above $2.69), should the trade activate.
Potential outside week and bearish potential for SDFEntry conditions:
(i) lower share price for ASX:SDF below the level of the potential outside week noted on 19th November (i.e.: below the level of $5.08).
Stop loss for the trade would be:
(i) above the high of the outside week on 17th November (i.e.: above $5.50), should the trade activate.
Potential outside week and bearish potential for CQEEntry conditions:
(i) lower share price for ASX:CQE below the level of the potential outside week noted on 4th/5th December (i.e.: below the level of $3.01).
Stop loss for the trade would be:
(i) above the high of the outside week on 3rd December (i.e.: above $3.18), should the trade activate.
Bearish potential detected for BXBEntry conditions:
(i) lower share price for ASX:BXB along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $22.66/22.69 (low of 11th December / yearly VWAP zone).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the recent swing high of 9th December ($23.16), or
(ii) above the declining 50 day MA or quarterly VWAP (currently $24.06 and $24.08).
Bearish potential detected for ASKEntry conditions:
(i) lower share price for ASX:ASK along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $1.37 (open of 26th August).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the potential prior resistance of $1.43 from the open of 7th November, or
(ii) above the potential prior resistance of $1.45 from the open of 19th September, or
(iii) above the recent swing high of $1.48 from 24th October.
Bearish potential detected for IELEntry conditions:
(i) lower share price for ASX:IEL along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $5.58 (open of 16th September).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the potential prior resistance of $5.96 from the open of 2nd September, or
(ii) above the yearly anchored VWAP (currently $6.04), or
(iii) above the quarterly anchored VWAP (currently $6.19).
Bearish potential detected for DGTEntry conditions:
(i) lower share price for ASX:DGT along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $2.76 (open of 2nd October).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the potential prior resistance of $2.92 from the close of 14th July, or
(ii) above the potential prior resistance of $3.14 from the open of 9th September.
Bearish potential detected for MTSEntry conditions (Darvas box failure play):
(i) lower share price for ASX:MTS along with swing up of ADX/DMI indicator and decline in RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the long term resistance level of $4.00 from 17th April 2023, or
(ii) above the declining 30 day moving average (currently $4.05), or
(iii) above the high of the recently formed Darvas box of $4.16.
Bearish potential detected for CAREntry conditions:
(i) lower share price for ASX:CAR along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $36.14 (open of 13th May).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the potential prior resistance of $38.68 from the open of 6th October, or
(ii) above the potential prior resistance of $39.75 from the open of 5th September, or
(iii) above the previous swing high of $41.55 from 25th August.
Bearish potential detected for AUIEntry conditions:
(i) lower share price for ASX:AUI along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $11.20 (open of 28th July).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the potential prior resistance of $11.55 from the open of 29th August, or
(ii) above the potential prior resistance of $11.72 from the open of 25th August, or
(iii) above the previous swing high of $11.76 from 22nd August.
Bearish potential detected for AFIEntry conditions:
(i) lower share price for ASX:AFI along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $7.32 (open of 11th August).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the potential prior resistance of $7.50 from the open of 28th July, or
(ii) above the potential prior resistance of $7.57 from the open of 21st July, or
(iii) above the previous swing high of $7.68 from 31st July.
Bearish potential detected for BENEntry conditions:
(i) lower share price for ASX:BEN along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $12.44 (open of 23rd June).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the potential prior resistance of $12.84 from the open of 11th June, or
(ii) above the potential prior resistance of $12.90 from the open of 11th July, or
(iii) above the declining 10 day moving average (currently $13.02), or
(iv) above the low of the range of day prior to the gap-down (1st September) of $13.10.
Bearish potential detected for XYZEntry conditions:
(i) lower share price for ASX:XYZ along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $111.02 (open of 24th February).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above the previous swing high of $117.25 from the open of 4th September, or
(ii) above the potential prior resistance of $118.99 from the open of 19th August, or
(iii) above the previous swing high of $124.00 from 29th August.
Bearish potential detected for WEBEntry conditions:
(i) lower share price for ASX:WEB along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $4.54 (open of 26th June).
Stop loss for the trade would be:
(i) above the declining 50 day moving average (currently $4.70), or
(ii) above the low of the candle on 24th July prior to the gap-down prior to the close below the 200 day moving average (i.e. just above $4.78), or
(iii) above the recent swing high on 23rd July (i.e.: above $4.93), depending on risk tolerance.
Bearish potential detected for NXGEntry conditions:
(i) lower share price for ASX:NXG along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $10.21 (open of 4th August).
Stop loss for the trade, depending on risk tolerance, would be:
(i) above the recent swing high of $10.92 of 7th August, or
(ii) above the potential prior resistance of $11.18 from the open of 28th July, or
(iii) above the potential prior resistance of $11.66 from the open of 28th October 2024.
Bearish potential detected for SDFEntry conditions:
(i) lower share price for ASX:SDF along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $5.89 (open of 20th June).
Stop loss for the trade would be:
(i) above the potential prior resistance of $6.08 from the open of 4th December 2024, or
(i) above the potential prior resistance of $6.19 from the open of 3rd July 2024, depending on risk tolerance.
Bearish potential detected for SUNEntry conditions:
(i) lower share price for ASX:SUN along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $20.46 (open of 19th May).
Stop loss for the trade would be:
(i) above the potential prior resistance of $21.36 from the open of 5th June, or
(i) above the high of the recent swing high once the trade is activated (currently $22.14 from the high of 1st July), depending on risk tolerance.
Bearish potential detected for AGLEntry conditions:
(i) breach of the lower confines of the Darvas box formation for ASX:AGL
- i.e.: below low of $9.84 of 7th April, and
(ii) swing increased bearishness of indicators such as DMI/RSI along with a test of prior level of support of $10.02 from 11th March.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) above the high of 10th April (i.e.: above $10.89), or
(ii) above the prior support level from the open of 10th January (i.e.: above $11.15), depending on risk tolerance.
Potential outside week and bearish potential for HCWEntry conditions:
(i) lower share price for ASX:HCW below the level of the potential outside week noted on 4th July (i.e.: below the level of $0.72).
Stop loss for the trade would be:
(i) above the high of the outside week on 30th June (i.e.: above $0.785), should the trade activate.
Potential outside week and bearish potential for TLXEntry conditions:
(i) lower share price for ASX:TLX below the level of the potential outside week noted on 2nd June (i.e.: below the level of $24.91).
Stop loss for the trade would be:
(i) above the high of the outside week on 5th June (i.e.: above $27.40), should the trade activate.
Important note for the trade:
- Observe market reaction at two key areas illustrated in the chart above, should the trade activate ($24.79 and $24.47), which could act as support against the short trade.
Bearish potential detected for BAPEntry conditions:
(i) lower share price for ASX:BAP along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $4.82 (close of 18th June).
Stop loss for the trade would be:
(i) above the high of the recent swing high once the trade is activated (currently $4.92 from the high of 19th June), or
(ii) above the prior resistance zone of $4.87 from 8th November 2024, depending on risk tolerance.






















