Bearish potential detected for IELEntry conditions:
(i) lower share price for ASX:IEL along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $5.58 (open of 16th September).
Depending on risk tolerance, the stop loss for the trade would be:
(i) above th
AUC Pulling Into Key AOI
AUC setup is shaping up well. After the initial breakout on expanding volume, price has pulled back ~30% and now retesting the top of the prior range. That’s a healthy retrace, and structurally, the chart still leans bullish.
Entry
You could begin scaling in here, but the more compelling support z
CHN ready to runCHN has demonstrated encouraging developments after emerging from a descending wedge pattern, bolstered by a bullish RSI divergence and the formation of a bull flag on the hourly chart. Furthermore, the daily chart reveals hidden bullish divergence, complemented by support from a trendline establish
I like ZIP but staying out for now. I made this chart a while ago and it's played out pretty nice since ZIP took out that rising trend line. Problem with ZIP is there are gaps all over the shop and I would expect that August gap to be filled over the next few weeks. In saying that she's oversold and there was a nice reversing candle y
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