Remain cautious on the long-side given bearish divergence & the double top. Look to buy any pullbacks.
A positive China Trade Deal or interest rate cuts may see ASX 200 reach new ATHs.
We expect price to test the resistance pocket between 1.610 - 1.645 shortly, off the back of a bullish breakout and positive NAV movements.
LSF is still trading at a 10% discount to NAV.
There is the possibility of a pullback to retest the breakout point 1.500 - 1.540.
We expect any pullback to be met with big buyer demand, so long as the NAV keeps making gains.
ASX200 is currently correcting to its local support off the back of an overextended bullish move and collapsing stochastics.
The most probable event is we see price retest local support, before a pause for consolidation and then a break lower towards major support.
We expect major support to hold for long entry, provided the world macro environment stays stable,...
The Australian Stock Market index is looking very bullish, due to the double top pattern forming on the lower timeframes. The higher timeframes also signify a rally, which sets the mood for this trading signal. I would wait to see how rice would react to the 61.50 level, which represents an institutional level, and was also tested previously Then an entry would be...
Trade Set Up – We would be looking to enter on a daily close above 5780 with stops confirmed once entered, and a target level of 5980-6000.
Why we like this trade – Whilst history is no guarantee of future price action it is important to note that a correlation in a Dec move over the past 10 years has yielded an average of +2.74%, all of which starts from the...
In today's video update, we take a look at the AUD index as we see price start to accumulate at the key weekly support. If we see price turn bullish here on our trading timeframe we can look for long opportunities.
I am seing the australian stock market selloff slowing down, following a selloff due to the global fear in the world that produced dumps of everything.
Going to keep an eye on the dow. Right now the dow is the big bubble in the world, and it is where every one has some money. The whole market cap is insane, in particular you got the top us (and some chinese)...
Interesting divergence in the past few months in what are normally two highly correlated indexes (Hong Kong's HSI and the Australian index). Hong Kong is the red line, whereas Australia is the blue line. Note the stark divergence where HK is heading south, while Australia has yet to head downward.
Note that the lines represented here are the 100-day exponential...
