Good Evening, investors and traders, the Asx200 $XJO went lower again due to market uncertainty with the coronavirus. Last week, I said if we breach the 50 moving average, the first level of support is around 6300-6400. The market went straight down to 6259.9 on Monday and traded sideways between 6259-6500 for a few days and eventually making a new low of 6216 at...
Potential short opportunity, can be seen to be hanging under the resistance line, with an immediate death cross on the daily chart in play, these are usually more effective on the weekly chart but we will see how it plays out. Aussies spending too much money on toilet paper..
6000 is the next level of support, if not we head straight into a bear market to 5400, which i think is a lower probability!
The retracement that I was waiting for came this week and we went down fast and hard. This has made me more bearish than before in the short term. We could see an "exit pump" in the next few trading sessions by big investors/institutions and have the price level jump back toward the 20 moving average before going down further like the past. Therefore, for me...
My forecast for the Hang Seng and Dow Jones are that a reversal back to the moving averages. Now we are likely to see the same for XJO towards mid February. The worst case scenario is we reversal back to the long term trendline support. At this stage, it is unlikely that would happen. Therefore, reversal back to 6800-7000 is more likely to me. I have...
Hello my dear You can find all details on the chart above. ASX:APT Entry: 28 - 28.5 Targets: First : 36.4 Second: 46.4 Stop: 25 ______
Trade the trend, "the trend is your friend". All three indicators MACD, RSI and CMF are pointing downwards which tells me this stock can break the support line. Thus, going down fast! We could go as low as 85 cents at this stage. A good buying opportunity coming soon. I will keep it on my watchlist.
We closed below the 200 MA today and with the death cross coming... The stock price doesn't look good...
Pitchforks are handy for predicting future trend directions. The longer term has been directed by that big upward facing pitchfork over the last few years, but I have a feeling once this upper resistance level is hitexpect to see some serious headwinds. Aussie bond yields are dropping like rocks at the moment and the currency is failing against all peers. Plus...
As you can see the price is getting very close to the fibonacci zones drawn on the chart. We can expect to see a pullback to the lower box if we do not break above the upper resistance box. That being said If my short does not go to plan and we break above we are targetting higher highs. Check out my youtube channel at aweeboneshTV for more ideas :D
OANDA:AU200AUD ASX200 - Intraday - We look to Sell at 6693 (stop at 6713) The dip was bought and the rally sold resulting in the market posting little net change. An overnight positive theme in Equities has led to a higher open this morning. A bearish Head and Shoulders is forming. Trend line resistance is located at 6708. The previous swing high is located at...
ASX is approaching our first support at 6238.2 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 6306.1 (horizontal swing high resistance). Stochastic is also approaching support where we might see a corresponding bounce in price....
ASX is approaching our first support at 6238.2 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 6306.1 (horizontal swing high resistance). Stochastic is also approaching support where we might see a corresponding bounce in price....
ASX is approaching our first resistance at 6230.9 (50% Fibonacci retracement, horizontal overlap resistance where a strong drop might occur below this level pushing price down to our major support at 6151.0 (100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal pullback support) Stochastic is also approaching resistance where we might see a...
ASX is approaching our first resistance at 6226.6 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6146.0 (61.8% Fibonacci retracement , 61.8% Fibonacci extension , horizontal overlap support). Stochastic (89,5,3) is also...
ASX is approaching our first resistance at 6226.6 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6146.0 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). Stochastic (89,5,3) is also approaching...