NicktheTraderGuy

NicktheTraderGuy

I note that there is a lot of noise in the financial media currently around potential collapses in the Chinese property market and various other factors, but let's screen that out and have a look at what the XJO chart is showing. From the chart, it looks reasonably apparent that a downtrend has started forming, starting from the most recent high of 13 August. The...

NicktheTraderGuy

The ASX has just broken its ATH on Monday at 7172 (although I'm told if you add in dividends, we're actually quite a bit higher). However, the moves today (and likely tomorrow judging by the US futures), will likely cause some concerns amongst traders. Its a relatively big move (at least for the last couple of months), but in the scheme of things, today is just 1%...

NicktheTraderGuy

Another stock that I have recently seen some discussion on is ASX listed BetMakers Technology group. Looking at the daily charts, it appears that BET has been printing new highs since Mid Feb, where it broke out of consolidation after crossing the 20 and 50 day MAs 9 and 8 Feb respectively, since then the stock a large break out following a gap up on 17 Feb...

NicktheTraderGuy Updated 

The gold futures have been a really interesting market over the last twelve months or so. The trends currently seems to be behaving in line with historic correlations, but for most of 2020 it was anyone's guess which way the market was going to go. I note overall from a long term trend perspective gold is a bear market (below the 200 Day MA - currently about...

NicktheTraderGuy

EML is an ASX listed stock in the By Now Pay Later space which has recently seen a lot of chatter. Looking at the chart, the stock appeared to be in a long period of consolidation between early May 2020 to December 2020, with price mostly below the 200 day MA during this time. A break out from the consolidation range looks to have occurred during the first week...

NicktheTraderGuy

DW8 is a stock that I've seen mentioned over a number of different trading discussion I participate and really it's a stock with Wine in its ticker, what's not to like. The stock itself seems to have broken out of a consolidation period in around early Feb 2021, after a fairly heft rise from around May 2021 (around 4x). The catalyst for the current spike seems...

NicktheTraderGuy

Piedmont Lithium is an ASX listed rare earth stock that seems to be getting plenty of attention on a number of discussion forums and groups I follow - As such, I thought I'd perform some analysis. Looking at the stock it's broken out extremely nicely from a long period of consolidation in September 2020 from a range of $0.060 - $0.150 to now around $1.120, making...