High probabilty trade here. On the technical side the FCX chart is showing a bullish ascending triangle, whilst on the fundamental side FCX's primary product both copper and gold continue to be very bullish . Should be some tailwinds with recent market volatility and possible rotation over the next little bit as well.
Techincals - Bullish flag pattern has formed, I'm waiting to enter once uptrend continues outside of flag, or bullish candle confirmation.
Fundamentals - Some new/key product offerings - reported major overhaul via a partnership with Tesco. The TRS growth story could be just starting and ripe to take off. Additionally, the last time we headed into this type of...
Classic bullish flag forming in the Cynata Therapeutics chart. Not the best time for the technicals to line up as far as the overall market in concerned, but this looks to be High probabilty trade on the back of their cv19 tailwinds/fundamentals as they turn their attention to virus treatments (cv19). Currently recruiting for human trials. Waiting for the break...
Key Technicals - flag/ascending triangle, entry on breakout.
Key Fundamentals - the Australian Government’s Medical Research Future Fund (MRFF) through the
Biomedical Translation Bridge (BTB) program is supporting development and clinical evaluation of
DMX-200 as a new treatment for respiratory complications as a result of COVID-19 in global clinical
study with a...
From a technical point of view the RBL chart has a bullish ascending triangle breakout. From the Fundamental side the CV19 tailwinds are extreme for RBL with the online retail. Additionally, the most recent report highlight being sales of 26 million in masks, you would think that trend continues to grow for the forseeable.
REA Technicals = high probability - I'm looking to enter on the ascending triangle breakout. REA Fundamentals = lower probability - major cv19 head winds are incoming, but, I'm thinking the market takes an educated punt that any further real estate weakness will be meet with larger incentives/stimulus. This will likely lead to a bullish REA share price.
Technically I'm looking to enter when the all time high breaks out. Fundamentals are strong. NTO is in the software solutions business and has extremely strong CV 19 tail winds, particularly via the digital transformation electronic signature space.
Technical looking very strong leading into earnings. Additionally, fundamentally BHP will be paying healthy dividends and benefit from be in the right part of the resource cycle. For example, Iron ore is now virtually back to GFC price highs.
WZR looks to be in a solid up trend and a bullish Triangle formation has presented. Additionally, WZR fundamentally likley has a number of opportunities to partner and jump on the back of the BNPL tail winds.
Ascending triangle formation in the TWE chart. High probabilty trade on the back of the market anticipating a positive close out of their class action dispute and potential market tailwinds with lockdowns easing. Waiting for the break out with bullish candle confirmation.
Looks to be a bullish ascending triangle formation in the BVS chart. High probabilty trade on the back of the possible macro changes in the Superannuation sector. Waiting for the break out with bullish candle confirmation
High probabilty trade here with 15% + upside. On the technical side the chart is showing a bullish ascending triangle, whilst on the fundamental side management have put in place strategic cost cutting measures. Should be some tailwinds as well once the lockdown eases.
XJO - We have what looks like a classic elliott wave correction taking place. At this point in time an XJO Elliott wave ABC correction is a higher probability than a V shape recovery. Will this play out, I have no idea.