A high probability the ETH Bears will be sleeping for a bit longer. A very Bullish flag pattern in the ETH/BTC chart is getting close/ready to busting out/up. When it breaks it likely runs hard as this coincides with the cup and handle breakout retest ETH//USD CHART. link below. Target is ETH $6400
The ETH Cup and handle breakout is currently coming back and retesting the old resistance level.
High probabilty that the old resistance level becomes strong support. Looking for buy signal on heikin ashi smoothed (on chart) and watching relative volume closely .
Target is $6400.
Technicals - bullish Flag , highest probabilty entry is bullish candle on volume spike above $18.
Fundamentals - ''Cloud computing growth'' The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate ( CAGR ) of 17.5% during the forecast...
Fmg - looks like the uptrend is about to resume.
Key techinical - Inverse head and shoulders formation. FMG chart suggests it could be headed to $30. Resistance at $26. 20% upside.
Key fundamental - Iron ore prices at record highs to continue, resulting in record EPS ( big dividends ).
Key Technicals - Symmetrical triangle pattern suggesting there could be some nice upside in AD8 ( roughly 30%). Looking to enter a Breakout of triangle pattern. Trend to continue bullish if we break the high side.
Key Fundamentals - Plenty of growth as AD8'S products are becoming more of a necessity rather than a...
Bullish candle in the TLX chart today has got me interested in it again. The chart has a high probability bullish flag that looks a high probability opportunity. ATR is erratic the only concern.
Entry: bullish candle break of flag with above average volume.
Technically Bap looks to have 20% upside. Plus solid fundamentals to add to the story.
Key Technicals - looking to buy on breakout of ascending triangle with above average volume. Or throw back of breakout.
Key Fundamentals - Growth internationally (TYE SOON aquisition) + New & used car demand remains strong, we are moving around differently than pre...
Key Technicals - Cup & Handle Pattern, buying on breakout of cup (above average volume) or retest of cup line as resistance becomes support.
Key Fundamentals - Strong management along with one of the strongest balance sheets(ASX TOP 50) according to AFR.
Key Technicals - High probability trade here with the REA chart showing a Cup & handle pattern. Looking to buy on breakout (top of cup) with above average volume or on the breakout retest as resistance becomes support.
Key Fundamentals - Governments likely make sure housing recovery keeps on keeping on.
Hub24 has a symetrical triangle formation that is ready to break out. Note: Hub has held up very well in the tech selloff (likely over) and with that in mind the breakout should be bullish & the trend is likely to continue.
The APT price action is desperately looking for support and a pretty obvious elliott wave ABC correction is in play. Chart is suggesting APT needs to hold this level or we could see further falls down to the $70 level or even lower. Also H&S pattern is in play. Just an observation take with a grain of salt.
BKW looks a high probabilty trade here with limited down side.
Technicals - Looking for trend continuation from throw back of the ascending triangle breakout + nice confluence with bull flag.
Fundamentals - High demand this part of the cycle for building products + management whom have an outstanding track record of raising dividends will likely navigate the...
Brambles is one to keep an eye as the range tightens inside the triangle pattern. breakout is coming soon.
Which way it breaks your guess is as good as mine, however, if we go off the last decade of BXB chart patterns we should see a bullish breakout.
Additionally, Todays trading update: www.asx.com.au looks promising.
What will happen in the week ahead for Z1P ? My guess is as good as yours, although I am leaning slightly to Z1P validating a counter trendline break as the money rotation slows.
The 0.618 retracement has been respected as resistance a number of times inside the falling wedge, as a result the $8.50 - $8.70 is worth watching closely. Additionally, Z1P at the...
Key Technicals - Bull flag, buy on bullish candle breakout of flag.
Key Fundamentals - Expecting 50% revenue growth + Rotation of money into recovey stocks + Leading innovation in the payments space.
Technicals - Bullish falling wedge + Z1P has retraced to the 0.618 level from the February bullish run.
Looks a high probabilty trade to get in on the counter trendline break of the falling wedge. Bullish candle entry.