ASX 200 Index (XJO) closed yesterday sitting on major support line @ 7603. Long-term higher highs have previously been established since 2021 indicating overall positive market growth.
Last week, CSL management received positive feedback and the stock is currently in a base. While there is no confirmation of a new trend, the risk-reward ratio is favorable to add a small amount and let the market guide for further additions. I will only add up to 50% of my position in the low base, so if the stock fails to reach its all-time high, I will still...
CAPITALCOM:AU200 chart mapping/analysis. ASX grinding higher into EOY, benefitting from relative strength in global commodities & precious metals. Trading scenarios into EOY: Continued commodity strength + US bullish momentum = rally into 23.6% Fib / ascending trend-line (light blue dotted) confluence zone. Rally would coincide with re-test of bearish...
CAPITALCOM:AU200 chart mapping/analysis for last week of November. TBC further details/write-up via ideas section, cheers.
CAPITALCOM:AU200 chart mapping/analysis. ASX following US market lead rallying into ~7000 psychological level (50% Fib) & descending trend-line (light blue dotted) confluence zone.
Aussie Volatility Index wreaking havoc on ASX. XJO ~6500 range & XVI ~20 range marked out as area(s) of interest for potential supply/demand dynamics, TBC.
CAPITALCOM:AU200 chart mapping/analysis for short-term & intraday trades.
CAPITALCOM:AU200 chart mapping/analysis for med-long term swing trades.
Chart mapping/technical analysis of CAPITALCOM:AU200 for developing short-term Intraday Trade strategies. CAPITALCOM:AU200 ASX:XJO ASX:XVI
Chart mapping/technical analysis of CAPITALCOM:AU200 for developing med-long term Swing Trade strategies. CAPITALCOM:AU200 ASX:XJO ASX:XVI
Short term 1hr Chart of ASX Futures for monitoring Intraday movements. Useful for tracking high volatility fluctuations, especially during key economic announcements. CAPITALCOM:AU200 ASX:XJO ASX:XVI
Medium-Long term Daily Chart of ASX Futures for monitoring Swing Trades. Useful for tracking overall trend movements. CAPITALCOM:AU200 ASX:XJO ASX:XVI
ASX:WDS (NYSE: NYSE:WDS ) price action looks extended ahead of FY23 Interim Earnings tomorrow (Tues 22/08). Notable Headwinds: threat of imminent Worker Strikes & CAPITALCOM:OIL_CRUDE / CAPITALCOM:NATURALGAS consolidating amidst Global Economic uncertainty. Best-case Scenario: ASX:WDS also consolidates between 50-61.8% Fib + Supply/Demand confluence &...
Hub24 closed out of its little Flag Pattern ahead of FY23 Earnings (Tues 21/08). Looks incredibly Bullish, but extrapolating the "Flag Pole" presents equal case for Supply/Demand zone in either direction. Will be interesting to see which way Traders decide to take it...good luck to anyone who took the HUB punt.
Anticipating short-term bounce to fill gaps, re-test 23.6% Fib zone & create opportunities for Short positions. Selling 'should' re-commence in September to test lower range re: parallel channel, in-line with Market Seasonality. Over-extension into Golden Fib Range could signal warning of more extreme market capitulation (~6400). Depends on break-outs either...
The ASX 200 suffered its worst day in 10-week on the final day of May, thanks to weak China PMIs and month-end flows. The first day of June posted a very minor (almost sheepish) gain, but with a positive lead from Wall Street and SPI futures higher by ~0.66% overnight, the ASX is expected to extend its rise from the lows. The fact that the lows formed around a...
I suspect it could be a case of now or never for ASX bulls. Whilst it suffered its worst day in 9-weeks on Thursday, this could be part of an ABC correction and the 200-day MA is nearby as a probably support level, even if it breaks lower today. Futures markets shows heavy volume occurred around yesterday's lows (bears piled in around the lows) yet sentiment...
Looking heavy, clear stop loss, profit targets in chart