This chart shows it all. I will try to be summarize what I see. But what I see doesnt look good for the bulls. If you can see that area with an arrow, you can see an almost bearish engulfing candle which is inherently bearish and considering the recent days bullish euphoria perhaps it is time for a correction before higher price actions. The market has broken the...
ASX:FXL has been the dog of the year in the BNPL domain. It has shown no willing to follow its counterparts when it comes to rallying to the moon. However, leaving aside all these moonboys dreams, lets see what the technical analysis has hidden inside the charts. I tried to add few labels to the chart to make it self explainable but I cant miss to point the...
The Australia stock market is still fighting to rip up the 200MA which so far has been a challenge. I expect the market to zoom up very quickly when this 200MA is breached. To me it is now or never for this market to prove its strength. we are in the apex of what looks to be end of an ascending triangle. Keep an eye on this chart as we see new ATH on the Wall...
This week, the stock on my radar is none other than the famous ASX:ECX. The structure looks promising for potential trades with a sizable profit both long and short sides. Lets dig deep and analyze. ASX:ECX aka Eclipse Group has been struggling withing the range of that chart I call fight zone. It is a price action range that spans from 1.195 to 1.485. That is a...
XJO aka ASX200 is trying to reach one milestone that has been thing of the past since the last plunge in early March 2020. is it gonna succeed and fly higher to the moon or this is gonna be a rejection and send us back to the abyss. As TA lets dive deep into the charts and analyze. From last few days XJO has come up with strength trying to defy the bears traps...
ASX:ORE has been on a visible uptrend for the last few days. This chart shows a bullish trend based on following indicators: - price above historic Resistance zone: 2.8 to 3$ - price above 50MA - price above 200MA - velocity is positive - price above LSMA - price above 0.618 fib - chart pattern looks almost like a cup and handle formation though not exactly a cup...
NASDAQ has been on a rally since end of March 2020, is last night’s signal a so long waited signal before a reversal to the mean and possibly way to the abyss? Lets dig seep and analyze. NASDAQ has been on a crazy run to the moon and bulls have kicked bears butts like drums. The charts has a very interesting signal called Stop and Reverse or SAR that has fired...
ASX:XJO has had trouble in the last few days to keep the upward momentum(you can find more info in my last post about XJO). But in this simplified chart, it seems it is back to claim its original trend line. you can see the price is back up the blue trend line. it has come back to retest it and to keep the bullish sentiment it has to stay above this line and soon...
ASX:APT has been on fire for the last few month. from the 8$ to the 74$ this is a staggering increase in such a short time. But is this rocket gonna keep going to the moon or it is time to Stop and Reverse to the mean. lets deep dive and analyze. In last few days(price was at 59$) the uptrend showed some signs of weakness with a RSI bearish divergence, but the...
ASX200 closes the week below the uptrend line. Is this going to be the end of the bull market as we know it and be the the start of a long waited bear market? Lets dig deep and analyze. XJO aka ASX200 has been struggling for the last few days to maintain the upward momentum. However, the chart shows a weak and tired bullish actions. But what are the indicators...
Today`s stock of the week episode will explore index ASX:XJO. I chose not to analyse one single stock cause my last post about XJO, I had informed you that I will keep you posted if anything price-action wise changes. Things have quickly escalated that is why I am going to analyse this index for you. Lets analyze. The ASX200 has been on the uptrend since the...
Yesterday DJI bounced back but apparently bears are back in the city and they want to plunge the market to the abyss. Is this gonna happen do they have the necessary to do that? Lets dig deep and analyze. The signals for trend reversal keep increasing as days go by. The market is back to test the critical point uptrend line and 50MA aligned together. This kinda...
Yesterday analysis showed why DJI bounced back but apparently bears are back in the city and they want to plunge the market to the abyss. Is this gonna happen do they have the necessary to do that? Lets dig deep and analyze. The signals for trend reversal keep increasing as days go by. The market is back to test the critical point uptrend line and 50MA aligned...
Yesterday analysis showed why DJI bounced back but apparently bears are back in the city and they want to plunge the market to the abyss. Is this gonna happen do they have the necessary to do that? Lets dig deep and analyze. The signals for trend reversal keep increasing as days go by. The market is back to test the critical point uptrend line and 50MA aligned...
This chart is very clear but a few explanation can do with it and no harm will be done. DJI bounced on the uptrend line from the mid March 2020 and also from historic resistance at 25300. To me this was a healthy pullback and an anticipated one. From the Technical Analyst point of view below are my thought: - The price is below the 200MA not very bullish - price...
The stock of the week is ASX:APT that has reached the new ATH. To some fundamentals are disconnected from the current price. Is it time to short or the stock has more juice to take to a new ATH? Lets deep dive and analyze. The stock upside momentum is still in full swing and according to indicators i do not see any sign of the momentum slow down. PSAR is still...
This chart should be self explanatory but as a chartist i cant do without a comment. XJO is still in the uptrend on the weekly chart. Last week and early this week it has come to retest the uptrend line which acted as support in conjunction with the 0.5fib and pushed the price up again. Weekly psar is still showing uptrend and lsma still in uptrend on a weekly...
This chart should be self explanatory but as a chartist i cant do without a comment. XJO is still in the uptrend on the weekly chart. Last week and early this week it has come to retest the uptrend line which acted as support in conjunction with the 0.5fib and pushed the price up again. Weekly psar is still showing uptrend and lsma still in uptrend on a weekly...