This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
Some #ASX bellwethers are showing that the market is about to rollover. Take a look at the $XJO chart (interesting geometry) and the $CBA.AX and $MQG.AX charts. The $CBA chart in particular looks like an alarming short setup.
Commonwealth Bank, one of my safer stocks to watch.
With an uptrend that felt like it would never end, we finally have a good buying opportunity on our hands.
Uptrend and downtrend are both coming to a squeeze on a support/resistance line.
Looking to buy in around the $98 support if price holds.
Otherwise letting it drop and hoping to get in at the $87...
CBA should retrace towards Christmas and head up much higher after Christmas.
I am projecting a 6 days count from Dec 11 to the top of Dec 17, then another 6 days down to Dec 23.
Forecast, CBA will turn up on Dec 24.
The golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock's short-term moving average crosses above its long-term moving average. The golden cross can be contrasted with a death cross indicating a bearish price movement
It's still in bearish trend, though on daily chart touching 200 days moving average.
It's one of the favourites and stable asset to hold, but overbought and overvalued.
I will probably wait for $67.00 to $68.00 range.
P.S: Please note these are my own notes for future reference and by no means trading advise to anyone. Please do your own research before entering...
I think I will be looking for entry at around $72.00 range.
also, it's important to note how it progresses after 12th Aug 2020.
I think there is still a lot of room to up - still my eyes are on the range of $78 - $80 range.
P.S: please note these are my own notes for future reference, by no means trading advise to anyone. please do your own research before...
i think currently market is trying to consolidate and soon it will resume up trend and bulls will take control of market, because:
1. price is continuously above 200 days moving average.
2. during last three weeks for 5 days price gone above 50 days moving average.
3. most of the volume is in the range of $70.80 - $72.20 range which is above 200 days moving...
if we have price /volume comparison, it's pretty obvious that market likes the price between following ranges based on volume:
1. 67-69 range
2. 70 - 71 range (current range)
3. 70 - 72 range
based on last one year data,I think 77 to 78.50 range is actually where more trades took place than 70 - 72 range.
given this scenario, I think if we get some decent...
I think we should cash some profits at $75.00 range. I am expecting price to touch $75.00 range pretty soon.
p.s: please note these are my personal notes and by no means trading/ investment advise to anyone. please do your own research before entering into any trade.
I think, it's pretty evident that price likes the range of $80.00. as we can see in weekly, daily and 4 hourly charts.
I think if we are holding then we should just simply hold on to it and wait for the price to touch $80.00 range.
p.s: please note these are my own notes for my learning/ future reference, by no means trading advise to anyone. please do your own...
As it was noted that we should see higher value in this range and price not fall below 200 days moving average.
I think now we should soon see price going up to 73.30.
p.s: these are my own notes for future reference and by no means trading advise to anyone. please do your own research before entering into any trade.
i don't see major support if 67.70 support fails, in that case price would go all the way down to around $60.10. next considerable support zone are 67.50, 65 - 64 then 62 - 61. May
be good strategy for long position is to buy in stages.
stage 1: 67.70 zone
stage 2: 65-64 zone
stage 3: 62-61 zone.
P.S: please note these are my personal notes for my future...
if today's price closes at or below 69.00 then tomorrow we should see higher volume between 69.11 to 67.70 range.
I think it would be good idea to load up some shares at around 67.70.
P.S: These are own notes for my future reference and by no means trading advise to anyone. please do your own research before entering into any trade.
I think the price won't fall below 200 days moving average, for next couple of days we may see a down trend may come around 69.50 but from there we should see upwards trend to touch 74.40 ...
P.S: please note these are my own notes for learning purpose, by no means trading advise to any one. please do your own research before entering into any trade.
while looking for good entry position for long.
from this point 71.20 down trend continues, the only good support is at 69.86 and next support at 67.64 doesn't look very strong neither 65.09.
if price continues falling then I think it will only stop at ~ 58.68.
P.S: these are my notes for future reference, by no mean trading advise to anyone.