Bearish Trend Continuation Indications: 1. Bullish Trendline is broken 2. Has been consolidating below the trendline since ten trading sessions. 3. Unable to break above the trendline and close. 4. It did try to move up but was unable to sustain above once, and then fell below. Scenario 1. I would be comfortable to buy once it reaches the Buy Zone between...
Looks like it is still in pressure, making lower lows and making lower highs, continuing it's down trend. Next support is around $25.08 range, if breaks then $21.50 is pretty storng support, presenting good buying opportunity. If this scenario realizes then followign should be Take Profits: 1. TP-1: $25.00 ~ (20% profit approximately) 2. TP-2: $29.90 ~ (19%...
Good stock to have in portfolio. Looks pretty strong in monthly and weekly charts but daily charts tells little more. doesn't look bull will able to take it further upwards. I think it's going to give good buying opportunity at $1.60 - $1.50 range. Where volume provides good support. even if 1.50 support fails, there is strong support at around $1.43...
Sydney Airport - SYD had been hit really hard during the pandemic, and recently the price rocketed from the lows and have made a higher high, confirming that it has made a bottom. The recent price action suggests that it is having a hard time to continue to the upside because of the resistance which it has hit and formed a big rejection candle as a result, and no...
QAN - another stock to suffer during the pandemic, but recent price action has confirmed a reversal by rocketing upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent sessions' price action, (Bearish Candles) indicates a pullback 4. I will be confident to buy in the $4.97 - $4.49 region (Buy Zone) as it is...
AIZ had been dumped hard during the year due to COVID 19, but as it has shown great strength and have pumped up recently, and it is evident that it is struggling to go higher, but is facing resistance at 1.875 9previous resistance level). 1. Clear impulsive move up 2. It has formed a golden cross 3. Impulsive price action with high volume 4. I will be confident...
The price action has strongly pumped to the upside and printed a higher high, meaning strong bullish action. It is currently facing resistance in the $4.05 - $3.85 region, (previous resistance) printing bearish candles. Therefore it is expected to retrace and give a pullback for another buying opportunity. 1. Impulsive move to the upside with a higher high 2....
Bearish trend confirmation indications: 1. Formed Head & Shoulders and breaking the neck line 2. From last 6 weeks consolidating below the neck line, which make a zone of 6.75 - 4.75 which is a "NO TRADE ZONE" for us, we let Bulls & Bears decide. 3. Closing below the high volume price range that is $6.06 4. Next major support is at 4.65 range, which can be a good...
ASX200 - Short term - We look to Sell at 6115 (stop at 6141) MACD is on a edge of a sell signal. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. 6120 continues to hold back the bears. Bespoke...
Been speaking about this Index Heavily, this movement is to be expected & I’ll explain why. - This Demand Zone that we are moving through today was a 4H Demand Zone, it was Low Quality, meaning there is levels underneath it that are formed on Market Pivots, which yield Higher Quality Demand Zones - There are a number of Levels in the way of the Main Demand Zone...
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 ,...
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...
ASX:PME Price target is shown on the chart, extremely bullish during the pandemic. Good luck mates, don't miss the train!
For those that use the "Fib Speed Resistance Fan", our XJO hit 0.25 and retraced. Could we retrace back to the 0.382 in the coming days/weeks? Also, I wish I have found this earlier!! This has correctly forecasted the support line during the March lows. Furthermore, a good entry point for investing in the long term is when the " William R" is below the yellow...
So back to my original ending diagonal idea. This made that last Wave v needed to complete the ending diagonal. Has Wave 3 begun? Probably but a break of the Magenta line will confirm this. If this is Wave 3 down in a major C wave then we should see this sharply lower sooner rather than later. Please LIKE and FOLLOW to get notification of updates and future posts.
Get a nice tight stop on this green wave ii double top. We should start seeing some action in the markets today. Check out my previous ideas on this leading up to now. Please LIKE and FOLLOW to get notification of updates and future posts.
Due to a decisive break out of the channel it can be assumed that the wave II correction is over and we should expect wave III to commence. It appears that the ending diagonal in wave II ended on the 17th of April. A break below the start of wave i or 5070 should confirm this. A stop should be placed above 5599.
The first time on a 3 day chart that the 50day Ma has crossed over the 100day. To me looks very bearish and could go as low as 40%