If we continue to trade in the channel we may continue to go lower and find a bounce in the area suggested(possible end of ABC correction) and that will be the sign of a trend reversal, however a breakout to the upside out of the channel could also dictate the same, would like to hear thoughts.
Following a valient effort by the bulls to break out of the downward channel & a fierce fight to end the week, Bears came out on top resulting in a weekly closed below a key S/R $13.00. Anticipating further downard movement - next week to $10.70 support & back down to the high $7 range in a few weeks time, before touching its old trend line(green). Don't see...
I'm famously and very publicly BEARISH on most markets at this time how ever this top i believe will broaden, in the mean time we have a nice Inverted Head and Shoulders forming to create our B 'leg' of our ABC correction right now, could be a good gainer on a few market big wigs or just an ETF. Looking to enter LONG on breakthrough of neckline, assuming we don't...
After narrowly missing my target of 6049 by 25 points by the 12th of November the ASX: XAO took a steep 2 day dive South from what looks to be echos of the volatile carnage on US Markets, particularly the FANGS suffering self created TRUST issues. Having shot themselves in the foot by abusing Customer/Investor TRUST (like the Banks here) the FANGS, along...
broke 200ma and gives a higher high. cautiously optemistic on one of the few stocks to be making gains. a few level resistance lines to break but increasing volumes on higher prices and strong candles appear promising. I would annticipate a struggle here (higher low) before higher prices.
(confirmation required with another point on the support)
I like phat bottoms. if this thing confirms a move above 8c expect positive news shortly thereafter. gold still clinging onto $1200/oz also a positive for this little battler.
see chart. If channel resistance and 100ma can be broken then we expect higher prices
I see more downside in the near term to channel support within the wedge and results depending on christmas shopping results
Possible bounce off support? waiting for bullish engulfing candle to confirm an uptrend, oversold on weekly rsi. Is a turn around likely? would like to hear thoughts.
Having been 'oft times described as 'fashionably late' I AM VERY HAPPY to see My Projection of ASX:BIT (Biotron) follow the expected path of My Chart Projection. After a 'STELLAR' run throughout October 2018 ('SP' up 17X ) after officially announcing their BREAKTHROUGH Drug 'BIT 225' 's Phase 2 Clinical Trial success in taking a HUGE leap towards the COMPLETE...
prices struggled to make a new high. more data required to call a direction. overall market is bearish
Hard to think that LENDLEASE doesn’t represent good value at this point. If they decided to set off their engineering division which seems to be giving him so much grief you could imagine that the share price will rebound even more. Something to watch.