Asxshort

Bearish potential detected for MP1 - more of a scalping trade Entry conditions: (i) continuing lower share price for ASX:MP1 along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction to the 4 hour resistance lines from late July shown in the chart above. Depending on risk tolerance, the stop loss for the trade would be: (i) above the declining 8 day EMA (currently $17.96), or (ii) above the declining 15 day EMA (currently $18.58).

Potential outside week and bearish potential for S32 Entry conditions: (i) lower share price for ASX:S32 below the level of the potential outside week noted on 19th June (i.e.: below the level of $4.10). Stop loss for the trade would be: (i) above the high of the outside week on 15th June (i.e.: above $4.63), should the trade activate.

Potential outside week and bearish potential for APX Entry conditions: (i) lower share price for ASX:APX below the level of the potential outside week noted on 5th June (i.e.: below the level of $1.08). Stop loss for the trade would be: (i) above the high of the outside week on 2nd June (i.e.: above $1.285), should the trade activate.

Potential outside week and bearish potential for DGT Entry conditions: (i) lower share price for ASX:DGT below the level of the potential outside week noted on 9th June (i.e.: below the level of $2.38). Stop loss for the trade would be: (i) above the high of the outside week on 12th June (i.e.: above $2.70), should the trade activate.

Potential outside week and bearish potential for TLX Entry conditions: (i) lower share price for ASX:TLX below the level of the potential outside week noted on 22nd May (i.e.: below the level of $13.23). Stop loss for the trade would be: (i) above the high of the outside week on 18th May (i.e.: above $15.09), should the trade activate.

Bearish potential detected for CIA Entry conditions: (i) lower share price for ASX:CIA along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the potential support area of $4.92 from the open of 7th October 2025. Depending on risk tolerance, the stop loss for the trade would be: (i) above the quarterly VWAP (currently $5.17), which corresponds well with the potential resistance from the open of 19th February (i.e.: $5.18), or (ii) above the yearly VWAP (currently $5.39), which corresponds well with the open following the gap down on 13th February (open of $5.44).

Potential key reversal top detected for EHL Level of interest: Prior support/resistance level in the past of $1.31 (07-Oct-2024) (key support/resistance area to observe). Await signals for entry such as DMI/ADX and/or RSI swing to the bearish direction, and observe market reaction to support/resistance area at $1.31 to confirm. Stop loss for the trade involving ASX:EHL (and indication that this trade is an absolute 'no-go') is any trade above the high of the signal day of 19th February (i.e.: any trade above $1.46).

Bearish potential detected for ALX Entry conditions: (i) lower share price for ASX:ALX along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the potential resistance area of $4.60 from the open of 17th February. Depending on risk tolerance, the stop loss for the trade would be: (i) above the declining VWAP (currently $4.75), or (ii) above the recent swing high of 10th March (open of $4.92).

Bearish potential detected for EMR Entry conditions: (i) lower share price for ASX:EMR along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $6.34 (prior support from 06-Feb). Depending on risk tolerance, the stop loss for the trade would be: (i) above the declining yearly VWAP on the daily chart (currently $6.94), or (ii) above the recent potential resistance level from the open of 21st January ($7.22).

Bearish potential detected for CYL Entry conditions: (i) lower share price for ASX:CYL along with swing of DMI indicator towards bearishness and RSI downwards, and (ii) observing market reaction around the share price of $7.11 (150 day MA). Depending on risk tolerance, the stop loss for the trade would be: (i) above the recent swing high of 4th February ($8.26), or (ii) above the declining yearly VWAP on the daily chart (currently $8.38).

Bearish potential detected for A2M Entry 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).

Bearish potential detected for AGL Entry 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 CWY Entry 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 SDF Entry 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 CQE Entry 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 BXB Entry 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 ASK Entry 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 IEL Entry 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 DGT Entry 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 MTS Entry 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 CAR Entry 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 AUI Entry 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 AFI Entry 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.