Gold has been up undisputably. Investor are kept pumping in Cash! US $ will get weaker but Gold will be Up and Up. more Value than Paper money. Strong trend that shows bullish in All MAs after years of consolidation. Where it ends , I don't know but keep riding the waves are smarter choice. Keep going QAU ! 1) Target $21
© Master of Elliott wave Analysis: Hua (Shane) Cuong, CEWA-M. (1D Chart): Details: Short-term outlook shows that wave ((y))-green is ongoing as a Zigzag and wave (a)-purple has ended. Therefore, the (b)-purple wave is expected to have ended, and may be ready to push even higher. Pushing higher than 16.5 will be the first step to renew this outlook. Invalidation...
As noted in the latest video update for the week ended 05-Apr, detected in the weekly scans (detailed commentary and full scan results available in the signature below), ASX:CRN represents a potential bearish opportunity should momentum continue and newer lows be made past the current position. As noted, the trade activated on 05-Apr, however caution should be...
1. Break ok downtrend structure 2. Crossover 10 & 20 EMA 3. Pinbar price action on 22/4/24 Purchased at 0.24, 2c less than last traded price day before. ATR SL (14,5) in place.
ASX: TRANSURBAN GROUP - TCL: 22 APR 2024 | Semilog Scale 1D Chart © Master of Elliott Wave Analysis: Shane Hua, CEWA-M. Details: The short-term outlook indicates that wave 2-red is unfolding, subdividing into waves ((a)) and ((b))-green, which have completed. Now, wave ((c))-green is unfolding, and it appears it will soon conclude, preparing for the resumption of...
The Heikin Ashi candlestick pattern suggests a recent trend reversal to the upside, as indicated by a series of green (upward) candles. The chart displays a consolidation pattern within a falling wedge, which has been broken to the upside, hinting at a potential bullish reversal. Exponential Moving Averages (EMAs) show the price is currently above the 20,...
saving here for my own records as I think it'll play out like this
Lake Resources Lithium Stock has had a Wild Roller Coaster ride to the Downside. If support is maintained from the recent lows and more Buyers come in, I expect this ticker price to slowly rise. However remains a risky Investment / Trade. Use your own discretion and get expert advice. Use stop loss management to preserve your Capital. Smash that Rocket Boost...
ASX: MINERAL RESOURCES LIMITED - MIN: 18 APR, 2024 | 1D Semilog Scale Chart © Master of Elliott Wave Analysis: Shane Hua, CEWA-M. Details: The shorter-term outlook indicates that both wave (1)-blue and wave (2)-blue have concluded, with wave (3)-blue initiated since the low at 52.52. The anticipated direction is upwards, initially targeting 75.23, and a break...
ASX 200 Index (XJO) closed yesterday sitting on major support line @ 7603. Long-term higher highs have previously been established since 2021 indicating overall positive market growth.
A nice setup for a breakout spotted. Inverse H + S pattern. fibonacci also showing a resistance level.
ASX is showing resistance and support. Trade has been set that shows that this sideways trend will stay
Dro looks all in order for the channel target $1.6$ after a pullback to the channel upper line...
Raiden Resources RDN was pumped and dumped in 2023 on very promising spodumene (high quality lithium). The stock cooled as 2023 proceeded forwards, but on February 8 2024, there was a bullish MACD cross and as Australian institutions have returned to RDN this week its' MACD line has now crossed bullishly through the key zero line. hotcopper.com.au If you...
VUL has broken out of descending wedge and has also broken out of a channel going back to mid 2023 with bullish RSI divergence. It is now retesting strong support of the channel trend and previous swing high if it can make a higher low here we will be off to the races 🚀 Good luck 🍀
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M). (1D Chart): Details: The short-term outlook describes that the 1-red wave has peaked, and the following 2-red wave is likely to unfold as a Combination pattern to continue pushing lower. A rise above 124.54 would indicate that the 2-red wave has ended earlier than expected, and the 3-red wave is returning to...
just bought few today purely technical reason as the back support line seems valid and might hold the SP
So much negative divergence on XJO currently, it is ripe for a fall. Look how the last three higher highs have been when the MACD was making lower highs. Let's see what triggers the fall, but with current US market reactions, this looks very soon.