XJO AUS200 rising resistance incoming - short or long possible If Daily bounces of resistence for 1-3 days, short, finishes above for 1-3 days, LONG!!!
The XJO has had a weak bounce compared to its big brother the S&P, its now consolidating ready for its next move a potential double top I have been in and out short on this one and with all the government stimulus I have played this one wrong. Maybe I should have focus my shorts on the Aussie banks and flipped the XJO as a long. As 1.9T of stimulus rolls out in...
A potential scenario for XJO using Elliott Wave. Some other scenarios include an alternate placement of (IV) and an extension of (V) but this one has the best fit. I go into more detail in this video: www.youtube.com Not financial advice, DYOR.
XJO ASX200 will bounce off upper resistance and go lower
What a close for Australia ASX200, closed below 20 MA and 50 MA. If we gap down and not close above 6586 early next week then support will turn to resistance. This would indicate a pullback or correction is very likely...
Purple = weekly Blue = Monthly Orange = Daily Hello Traders and Analysts, The following analysis will be in depth to explain the out look of the Index and Based on what merit? Being a commodity based currency we need to analyse the US and commodities as Australia a produce of raw materials. The Australian economy is commodity based but also well suited to...
While noting a flatline on the candlesticks with a dropping momentum, we are inclined to believe that the Aussie fund will drop down. Currently we are looking at 65k, 64k, 63k projected levels. Fractally, it looks we are just due for a bit of a pullback anyway. Fractal analysis is not just a science, but a whole artform as well.
We saw a nice breakout for Elders on Friday, however, the stock price failed to break the moving average. If we close above it next week it will be a buy signal for me. MACD, RSI, and DMI are bullish and the stock would more likely to go up from this breakout. Similarly, the Lucid Sar ( AKA Parabolic SAR) is showing a change in direction as well." Downtrend...
CSL pulling back to 50 moving average in the past it has been a good accumulation area. I am adding more CSL to my portfolio for the long term.
The November run ended just below the 6522.55 support level after reaching the 6680.95 resistance level. The Index could fall to the bottom of the price channel around 6443.30 if it fails to hold above 6522.55. Critical support levels are estimated at 6443.35, 6364.00, 6284.95, and 6205.75
We could see a pullback this week, RSI are showing overbought, MACD and DMI are showing buyers are slowing down and seller are starting to take profits. Last week, We failed to break 6713 and had a shooting star candle. Therefore, if I was shorting this index, that's my stop loss area.
Time to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021.
Time to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021.
Time to go long on Mining stocks. $RIO $BHP and $FMG all have bullish chart patterns in play for next month and early 2021.
ETF comparative strategies in Australia with MVE (VanEck Vectors S&P/ASX MidCap ETF), VSO (Vanguard MSCI Australian Small Companies Index ETF), and IHD (iShares S&P/ASX Dividend Opportunities ETF) - since 2017.
Overall, I believe 6200 is the most it can drop. Breakout next two days will confirm new range of 6400 - 6900. Expect resistance at 6900-7000 range