big sell off was pushed higher, looking to see if it holds POC (yellow) now and pushes out of supply to next target $10
looking to see if it holds channel low of 8.30 if so then could be good to buy, if not then a drop to 6.50.. good financials on the company so a drop to 6.50 would be a bargain , buy at 830 seems ok for a run to 11.
Bendigo Bank seems to have completed a 5 wave structure. Wave 1 and 5 are similar in time and price. Wave 3 is a little extended in terms of price and 1 calendar short (6CD). I have a BUY order above July 8 high. .. waiting for it to trigger. Watching ..
ENTRY: 9.24 TP: 9.85 SL: 8.9 - ADX>25 - RSI>70 - MAs are aligned except for 200MA which seems to be flatting - Break-up on decent volume - Prefer closing to be above 9.24
Symmetrical Triangle, with four touches on the upward trendline, great buy opportunity.
Price dynamics and structure shows buyers are clear and within area on bigger picture. W1 & mn demand zone currently triggering although potential for last leg down but prices within risk reward ratio. Will monitor over coming weeks albeit some long already. Yearly and monthly close would help for more clues too. Target area $15 + depending how price arrives to level.
Due to oversea market over night the market is expected to open lower today, The ASX 200 is near the high of Res and the Vix is showing bullish movement to the upside as well. Next lets look at the financial sector (XFJ), its showing a bull shooting star on the Res that could pull back to 5978. Now to Bendigo Bank its showing a shooting star on 13 EMA and its...
My weekly swing analysis - purely looking at chart
-55 Week symetrical triangle -Measured move up to 14.85 -Earnings release 12FEB18 -Ex dividend 02MAR18 Will risk 100 basis points on a close above 3% breakout R/R 10.44