About meThis post and ALL (previous and future) posts are purely for entertainment purposes only. The owner of this post is not a lawyer, accountant, financial advisor, investor or pastor. All the comments here are personal opinions.
Ramsay Healthcare is currently in a falling channel . Is it time to buy? After today's capitulation, we are already at the bottom of the channel and also the completion of the Head. Are we seeing a right shoulder forming in the weeks to come?
If we do not fall off the channel, we should bounce and target $68. Otherwise we break support and drops to next support...
Qantas ASX:QAN has been quite stable and experiencing low volatility for the past few weeks. The bollinger band seems to be squeezing as a result. A squeeze means a swing in the price is coming. We have to break out of the ascending triangle otherwise, we are not going anywhere.
Wait for breakout and confirmation. Price has to close above $6.45 on the...
The volume on Pilbara is declining. That can mean 2 things. Investors are holding it and waiting for a good sell entry, or when volume comes in, weak hands will be shaken off.
I am still hopeful for PLS to test the upper channel of the ascending triangle and hoping for a miracle to break upwards. But left side of the chart shows that an ascending triangle can...
Real Energy (ASX: RLE) has completed drilling at its Windorah gas project and is moving towards diagnostic fracture injection testing after striking gas pays at its three Tamarama wells.
RLE should warm us up this winter.
1. TK crossed in the cloud signifies medium bullish signs
2. Chikun lagging span closed above price today - bullish sign
3. Price closed above...
EW 2 hit the golden pocket 0.65 nicely today at 0.145.
I am expecting to bounce from here to start impulse wave 3.
The falling wedge also points to a break above.
Target for Wave 3 from here is 0.715.
Remember to set your stop losses target.
IF we do not bounce here, expect next support level at 0.105.
SW1 Swift Network Group prices seem to be moving into the apex of the simultaneous triangle. I am expecting a breakout to the upside. The correction at EW2 hits the golden pocket nicely at 0.65. I believe we are going into EW3.
Prices of PLS is now residing in the cloud. Last week 1D close has formed an ascending triangle.
If prices do not fall under the cloud, we should see PLS testing the top of the ascending triangle at $0.95 and hopefully, a breakout to $1.00 this week.
NAB is bearish on the 1W weekly outlook.
1. TK cross bearish under cloud
2. Chikun (Lagging span) under price - bearish
3. Price under cloud - bearish
See chart for 2 intermediate support levels. If hell breaks loose, a stronger support is at $23.
Star Combo Pharma has just started trading last week. It has a good run up to above $2. I believe this is Wave 1 of Elliot. The price has dropped a bit at writing and if I am not wrong, corrective wave 2 will probably hit between 0.5 to 0.618 in the next few days. If i were to trade, i would look for entry below $1.30 between 0.5 to 0.618 fibonacci. At writing,...
Bioxyne Ltd (ASX: $BXN) is painting a bull flag. If it breaks out of the resistance at $0.91 I expect target to be between $1 to 1.20. The $0.91 is a very strong resistance as we can see now that the bears have refused to let the bulls through.
This Australian life sciences and health products company is targeting the Asia market with its health and wellness...
Qantas facing a lot of resistance at 6.45.
This historical resistance was established in October 2007.
If we managed to break 6.45, expect free run to 7.60. Otherwise fall back support level at $6.05 then we re-assess from there.