Are we going to finally break $11.00 with volume or are we heading back lower? Go buying opportunity if we can next week because it would be a green 2 over a green 1 over a 9. (According to TD Sequentials, this is bullish)
Technical indicators are showing bullish signs, I like the chart pattern here. It look like forming a bull flag. Let's see if we can break it to the upside tomorrow.
Westpac getting close to a critical level and if we go below the yellow line, we could assume that was a dead cat bounce and Westpac is heading back sub $24.
Bearish on Goodman Group $GMG The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. Could we break the descending triangle (shorting opportunity) and retract back to the 200 MA? Well, the more we test the support line, the more likely to break... The MACD, RSI, and CMF are looking terrible. 20, 50 moving...
Commonwealth Bank of Australia had a good rally the last few trading days and shares likely to retrace back to the moving averages. Technical indicators such as the MACD, RSI, DMI and TD Sequentials are showing bulls are running out of energy.
A2 Milk retraces back to the trend line support today. This is NOT a buying opportunity for me because the risk is greater than the reward. We could open below the trendline next week and going down fast. Also, there is a gap on the chart that is yet to be fill. If we could close above $15.68 area, I may consider a long position in A2 Milk.
On 20 January 2020, I posted about $TRS could possibly go higher from $3.95. We are at $4.70 right now. The risk is greater than reward for holding this stock. Thus, I would sell because TD Sequential is showing a 9 and price is due for a pull back move to the moving averages.
My forecast for the Hang Seng and Dow Jones are that a reversal back to the moving averages. Now we are likely to see the same for XJO towards mid February. The worst case scenario is we reversal back to the long term trendline support. At this stage, it is unlikely that would happen. Therefore, reversal back to 6800-7000 is more likely to me. I have...
- TD sequential has a green 2 over green 1. - Inverse head and shoulders. - Above all moving averages, acting as support Worth watching closely tomorrow.
Broke out of the triangle on last Friday with a 9%+. So how much more upside is there for The Reject Shop? While Australian retailers suppose to be in a recession according to multiple sources over the last year. If we fall below $3.60 it is likely to be over. Over the yellow line and we could see another breakout to the upside... Worth watching this week.
Which way is the price going to go? From looking at the RSI, MACD and DMI, we are more likely to break to the upside. Worth adding to the watchlist.
Whitehaven Coal approaching key support level. Will it hold? Fundamental is not looking good due to labour shortages and bushfire disruption. It is below all moving averages and other technical indicators are showing it most likely to go lower towards the key support line of $2.49. Not financial advice but If I was holding, it is time to sell and buy something else.
Worth adding to the watchlist. Breakout or Break down coming soon. The XJO is bullish at the moment, technical indicators are bullish. So it is more likely to go higher at this stage. But we should not buy right now and should be patient + wait for confirmation.
Technical indicators are turning bullish and chart pattern looks like a double bottom. Today we have broken all the moving averages which were acting as resistance. Now it will be acting as support. I like Appen here, Go Long.
Saracen Mineral most likely heading for a green 9 on the 2D chart and this cannot be ignored. By looking at previous green 9 signals on the TD Sequential, it often show a temporary top before moving higher or lower. Nothing is certain in the stock market, so here are my two predictions for the next few days/weeks. 1. Red Arrow - We hit resistance starts...
I'm not interested in a long position in Bubs unless we can close above the green line. $1.05. Risk to reward is not good. If we close below 93-94 cents next week, it will drop fast toward the 200 ma. (red line)