ASX200 - 24h expiry - We look to Sell at 7373 (stop at 7409) Buying pressure from 7264 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further...
ASX200 - 24h expiry - We look to Sell at 7221 (stop at 7245) We are trading at overbought extremes. A Doji style candle has been posted from the high. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to...
ASX200 - 24h expiry - We look to Buy at 7490 (stop at 7455) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. The medium term bias remains bullish. Preferred trade is to buy on dips. Further upside is expected although we prefer to buy into dips close to the 7490...
ASX200 - 22h expiry - We look to Buy at 7468 (stop at 7411) The medium term bias remains bullish. Bespoke support is located at 7468. This over-extended move shows no sign of slowing. Preferred trade is to buy on dips. Our profit targets will be 7588 and 7625 Resistance: 7531 / 7588 / 7620 Support: 7468 / 7447 / 7395 Risk Disclaimer The trade ideas...
This analysis is for those who work in Australian currency
ASX200 - 24h expiry - We look to Buy at 7105 (stop at 7065) We are trading at overbought extremes. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 7220 and 7280 Resistance: 7340 / 7590 / 7800 Support: 7140 / 6965 /...
ASX200 - 24h expiry - We look to Sell at 7130 (stop at 7175) We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our...
ASX200 - 21h expiry - We look to Buy at 7000 (stop at 6960) Selling pressure from 7171 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The medium term bias remains bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be...
ASX200 - 21h expiry - We look to Buy at 7160 (stop at 7120) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. The 200 day moving average should provide support at 7141. Preferred trade is to buy on...
Rounding Bottom has formed on ASX but the breakout was not strong at all. I think there'll be a retest to the previous support, which could jolt the price up to a target of 7,814 7 >21 >200 MA looking bullish. Now we wait
ASX200 - 22h expiry - We look to Buy at 7190 (stop at 7140) 3RR Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the...
ASX200 - 21h expiry - We look to Buy at 7226 (stop at 7180) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. We look to buy dips. Our profit targets...
ASX200 - 22h expiry - We look to Buy at 7270 (stop at 7230) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The medium term bias remains bullish. We look to buy dips. Our profit targets will be 7390 and 7590 Resistance: 7340 / 7590 / 7800 Support: 7140 / 6965 /...
ASX200 - 22h expiry - We look to Buy at 7189 (stop at 7149) We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Further upside is expected although we prefer to buy into dips close to the 7200 level. Our profit targets will be 7294 and 7354 Resistance: 7340 /...
ASX200 - 22h expiry - We look to Sell at 7025 (stop at 7090) We are trading at overbought extremes. Previous resistance located at 7028. A lower correction is expected. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer...
ASX200 - 22h expiry - We look to Buy at 6875 (stop at 6825) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation...
ASX200 - Intraday - We look to Buy at 6595 (stop at 6550) We are trading at oversold extremes. A Doji style candle has been posted from the base. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. Our profit targets will be 6720 and 6770...
ASX200 - 22h expiry - We look to Sell at 6860 (stop at 6950) Posted a Double Bottom formation. The 1 day moving average should provide resistance at 6790. We have a 61.8% Fibonacci pullback level of 6857 from 7138 to 6410. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred...