see chart BO falling wedge test level resistance and wedge resistance now acting as support. blue channel still in play. may get 100ma support with level resistance.
Analysing a number of patterns that show Afterpay could fall to $8. It reached high prices quickly, and is falling quickly in the same stead. This long term support at $8 has been tested as resistance and ATH which has then been tested as support. Please note, I'm not a pro - just someone that finds doing this interesting. I hope this provokes some thoughts in...
If trend line done not hold we will head for another sell off in total 15.83%.
Australian stocks seem do be completing a perfect 5 wave down impulse. It needs to brake 5825 to confirm, watch for momentum divergence when it does.
Hit Buy Zone 1 - IPO VWAP is BuyZone2
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