Australia Stock Market
Please review the ideas with a prediction rate of 90%+ in my profile.
I wanted to share this chart, which is based on my personal observations, for idea generation with you, valuable traders. I am not a professional trader, and this chart and idea are not trading advice.
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Bullish signs from most indicators.
CMF hitting resistance, suggesting small pull back
Watching for downtrend to be broken before entry
Could also turn into a double bottom
The market is completely unpredictable right now but here is what possibly may play out.
EGR - Another strong chart which has rallied strongly. My plan is to buy the dip, and my Buy Zone is in the range of $0.655 - $0.735, where I will plan to ride the swing after bullish price action confirmation. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Break out of sideways consolidation after price action tightening of late.
Significant Increase of volume on the 16th of July indicates a confirmation.
Back testing displays that the price has moved up significantly after a similar consolidation in previous years.
Price now above all significant EMA's.
Entry - .725
To Andrew Spinks, management, long term holders and believers of EGR, congratulations. The long wait and enduring patience has finally been rewarded.
EGR are well positioned to truly capitalise on the 4th industrial revolution.
Well done all.
www.ecograf.com.au
Quick look at EGR which is looking at a nice end to 2020.
After a run-up in September following positive news, EGR dropped off and failed to break through the 0.382 fib resistance.
Support has been found at $0.14 (Support 1), confirmed by WVF which strongly indicates market bottoms at this level.
Trading has since pushed away from Support 1 and the...
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - Daily
Timeframe - 1-7 days
A – Activating Event
Market will meet support in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the...
Ecograf have performed exceptionally well after its SPP at 6.5c and are currently up 170%.
The new gains were mostly from publicity and securing land in Rockingham for their Ecofriendly battery graphite processing facility. Investors would be welcoming the improved advertising effort and increased frequency of their announcements. Because prior to this,...
A few signs tell me where in for a trend reversal.
1.Downtrend and falling wedge breakout.
2.CMF shows accumulation, trending upwards as the SP was still downtrending. This happened a while back during sideways movement and was followed by a spike. Although it did continue down before, I think this time is different because there is a clear breakout here.
3.Large...
