ASX Financial XFJ Index could be on its 3rd and final stage of a pull back. The attached chart reveals that we have a double head and shoulder price formation within the same price range. The Index closed at 6486.6 on Friday 18-8-17 down by -1.09% outside an upward price channel formed in the beginning of May this year. The index price is looking very likely to...
MGR.ASX Share prices could be heading up to test 2.35 the last high after breaking out from 2.14 resistance price point in yesterdays trading session. My estimate price target is 2.35
Here is my estimate entry price point as marked on this chart
AMP.ASX - Triple bottom and a reversal price pattern to the upside. Stop loss at 4.80. Target around 5.50
AMP.ASX - Triple bottom and a reversal price pattern to the upside. Stop Loss - 4.80 Target1 - 5.20. Target 2 - 5.50
SPX S&P 500 Index could possibly test 2452 resistance level if it could stay above 2440. Failure to stay above 2440 could see the index fall to 2432-2420
BHP.ASX Share price is on the verge of breaking out at 2550 support price point to the upside on the 2- hour chart. Closing above 2550 could see further moves to the upside
ASX 200 Material Index could be on its way to completing a head and shoulder and a double top price pattern. The index closed on Friday 18-8-17 at 10223 down by -1.00% a critical support price point. In the last 14 trading days, the Index had 2 failed attempts to break above 10223. However, it was successful on 7-8-17 but failed to hold and within four days was...
ASX 300 Metal & Mining Index closed on Friday 18-8-17 at 3093 a critical support price point which had four consecutive failed attempts in the past five months and was recently successful on 4/8/17 but after seven trading days it is showing signs of weakness to maintain its trading activities above 3093. Three things could happen in the coming weeks. 1. The...
SPX S&P 500 Index is on its 3rd and final stage of completing a head and shoulder price formation. After observing the trading activities of the Index in the last two weeks, we could clearly see that the there were two failed attempts to push the Index price above 2480 resulting in lower highs and lower lows. We are currently looking at two possible scenarios that...
LYN.ASX Share prices could be heading down to around 9 cents if fails to hold at 13.5 cents support price point.