Yet if you read the financial press to make your investment decisions You would be de risking when you should be putting the pedal to the metal. Inverse Head and Shoulders points to a whopping price from here once the neckline is broken.
Looking at afternoon trade, SPK represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position, considering breach of recent resistance levels aligning with technical indicators of RSI and DMI. Relative strength in the Midcap 50's as well as the communications sector (XTJ) adds further impetus...
Telstra Corporation Ltd ASX: TLS ASX:TLS - Telstra 5G wave could do a trick... - Telstra planning to push for 5G instead of fixed broadband telecom line. - Restructuring for TLS has been painful but surely step in the right direction. - Dividend policy has been reviewed that shows that TLS management may be aiming for growth and giving competitors run for...
ASX:AGL AGL Energy is have been underperforming for long time , now for one year return is just 3.16% Look the chart and notice - double bottom formation on weekly chart - higher high higher low formation - no supply - stock also above the key level of fib levels disc: invested and tracking
The ASX 200 suffered its worst day in 10-week on the final day of May, thanks to weak China PMIs and month-end flows. The first day of June posted a very minor (almost sheepish) gain, but with a positive lead from Wall Street and SPI futures higher by ~0.66% overnight, the ASX is expected to extend its rise from the lows. The fact that the lows formed around a...
I suspect it could be a case of now or never for ASX bulls. Whilst it suffered its worst day in 9-weeks on Thursday, this could be part of an ABC correction and the 200-day MA is nearby as a probably support level, even if it breaks lower today. Futures markets shows heavy volume occurred around yesterday's lows (bears piled in around the lows) yet sentiment...
The possible 'sympathy bounce' towards 7300 highlighted last week played out nicely. Whilst we're on guard for bearish momentum to return as part of the seasonal 'sell in May and go away', we retain a bullish bias over the near-term. Prices have since pulled back from those highs and price action on the intraday chart appears to be corrective, in the form of a...
Whilst prices are expected to open lower, we’re on guard for a small countertrend bounce. A bullish hammer formed on the daily chart at the lower Bollinger band which found support at the 50% retracement level and 200-day EMA. A bullish divergence has formed on the RSI (2) within the overbought zone. A break above yesterday’s high could potentially see it retest...
ASX200 - 24h expiry - We look to Buy at 7316 (stop at 7266) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Short term bias has turned positive. We look to buy dips. Further upside is expected although we prefer to buy into dips close to the 7310 level. Our profit targets...
ASX200 - 24h expiry - We look to Buy at 7270 (stop at 7220) Previous resistance level of 7272 broken. Our short term bias remains positive. We are trading at overbought extremes. A lower correction is expected. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 7390 and...
ASX200 - 24h expiry - We look to Buy at 6910 (stop at 6860) We are trading at overbought extremes. A lower correction is expected. Short term bias is mildly bullish. The trend of higher lows is located at 6881. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets...
test this stuff again 17/03 /2023 hoping for green but orange would be a more likely wave form
The ASX 200 had a great start to the year, but has since seen prices pull back from tis YTD highs. Yet is we zoom out, the daily trend remains bullish overall, and prices during the recent decline appear to be corrective. It's pullback has also found support around a cluster of support levels including the 38.2% Fibonacci retracement, 50-dy EMA, monthly pivot...
BETAAUS200 Formed a W Formation. We still need a strong break above the neckline before we see any potential upside. 7>21>200 RSI >50 Target 143.00 Bullish ABOUT: BetaAUS200 is a financial term that refers to the beta (a measure of volatility or risk) of the Australian Securities Exchange (ASX) 200 index. The ASX 200 index is a benchmark index that tracks...
ASX200 - 24h expiry - We look to Buy at 7490 (stop at 7455) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. The medium term bias remains bullish. Preferred trade is to buy on dips. Further upside is expected although we prefer to buy into dips close to the 7490...
ASX200 - 22h expiry - We look to Buy at 7468 (stop at 7411) The medium term bias remains bullish. Bespoke support is located at 7468. This over-extended move shows no sign of slowing. Preferred trade is to buy on dips. Our profit targets will be 7588 and 7625 Resistance: 7531 / 7588 / 7620 Support: 7468 / 7447 / 7395 Risk Disclaimer The trade ideas...
Target 1 remains at 7,814 for the ASX200 (AU200) We based the decision on a large Rounding Bottom that formed in 2022. Now we have a new Cup and Handle form. 7 >21 >200 MA RSI >50 - Upward momentum - Bullish Funny enough, the target remains at 7,814. BULLISH
ASX200 - 24h expiry - We look to Buy at 7105 (stop at 7065) We are trading at overbought extremes. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 7220 and 7280 Resistance: 7340 / 7590 / 7800 Support: 7140 / 6965 /...