Another one of my favoured potentially MEGA Alpha SMALL CAPS plays has entered a Trading Halt pending news of a Capital Raise. I am hoping for a non-renounceable rights issue that avoids dilution and gives holders the opportunity to load up at a significant discount. At these prices it will be chicken feed! I am confident it is NOT an SPP or placement with...
MACD recording higher lows whilst prices are trending down. Strong volume could help this one turn around again soon. The recent CEO troubles are amongst a few factors causing this one to have dropped recently, but it's always been a strong defensive stock. Could be a good opportunity to buy in for those contrarian investors.
I think i will sell SAR now, it's facing 2 resistance levels as shown by chart. (channel + fibonacci) ...
Vocus and Telstra are both integrated telco stocks on ASX, with Telstra nearly 20x market cap of Vocus, this graph uses Telstra as an index to measure the trend of Vocus relative to that index. The blue line (RHS scale) shows Vocus SP divided by Telstra SP, the candles are the Vocus SP (LHS scale) The VOC/TLS trend has been tracking Vocus SP since the results...
A nice Elliot Wave pattern has formed for MacMahon Holdings which could signal the end of the correction. Also bounced off resistance nicely.
Yesterday at 6:02 PM pretty much time frames under 1 hour has divereged with 3/4 possibly diverging The ideal play here is short into green, reverse and long into red 3 TPs (purple lines) The above was what i shared before todays open. I did not take the trade because I was up all night and early morning trading BTC. RIP ME and the easy 10%+ Will be...
see chart, price should get to resistance of triangle pattern if it can break level resistance. could give a higher high here. A fall in prices will play into a head and shoulders pattern
zoomed out 50ma resistance and upper channel holding price down for now 200ma pointing down
Forgot to update this when it did pivot. Have been busy trading crypto again due to bitcoins recent movement. Anyway, bull div on the fisher, MACD very much over sold and the bogglett bull divved too. I was wrong about testing the 6k zone in my other post, we didn't go as high as I expected. However, I am expecting to break the previous high of 5945. The steep...
For those of you that have been following my commentary on the ASX: XAO's 'stellar' resurrection from the late October low it can be seen that PRICE ACTION has complied diligently to My Projection (dashed dark blue line). All that is required for this Market Prophecy ( originally concocted 29th October - see "ASX gives October the BOOT!" post) to...
ASX: BD1 > Bard Life Sciences After announcing successful trials to the Market for NON INVASIVE Breast/Lung/Prostrate early detection CANCER tests, a VERY bullish event has materialised in the form of a TRADING HALT in expectation of a Market sensitive Announcement. This could mean many things however the confluence of News, events, price action and Chart...