(XDJ): CONSUMER DISCRETIONARY
(ASX): ALL - ARISTOCRAT LEISURE LIMITED || March 12, 2024
Master of Elliott Wave Analysis: Shane Hua (CEWA-M).
(Left chart): The broader context (2D chart) reveals that wave (2)-blue has bottomed out at 30.36, and wave (3)-blue is unfolding. I can count waves ((i))-green through wave ((iv))-green, which have concluded, and wave...
> Always enjoying going to my fav place and had an eye on this company for some time.
> Aristocrat Leisure Limited (ASX: ALL) designs, develops and distributes gaming content, platforms and systems, including electronic gaming machines, casino management systems and digital social games. The Company's land-based products are approved for use in more than 300...
- What will this return to me as a share holder?
10 Year history %
- Return on invested capital @ 14%
- Sales/revs growth rate @ 21%
- EPS growth rate @ 23%
- Equity growth rate @ 30%
- Operating CFGR @ 13%
Current ratio - 3.7X
Current PE - 23x (10 year average of 25X, with a low of...
ENTRY: 38.74
SL: 36.77
TP1: 41.42
- ADX>20.
- RSI<50,RSI>30
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- On a downtrend since 3 Nov 2021 and currently at strong support area 38.10 which was tested before on 27 Jan 2022.
- Wash candle on 22 Feb 2022 and Rinse candle today.
- Short swing trade on reversal.
-...
Text me if you have any questions/comments for me.
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ALL
- First time doing a written analysis on ALL
- Stock has a nice history of uptrends
- Recent price action shows that it tends to re-test the mid-term support -> suggests weakness of the short-term support
- Stock looks to have successfully rebounded off the short-term support
- Potential psychological...
Entry: 40.83
Stop loss: 38.60
Went long in this counter after a breakout from the 1st pullback after a lengthy consolidation.
SMAs are in order though would have preferred a higher volume accompanying this breakout.
ASX:ALL
The Last post was On Aug 17 2020 - the tock has given a handsome gain of close to 35% in 7 months.
This is ASX20 large-cap and gain of close 40% consider super cool with low risk and annualized over 60%
After almost a 60% plunge in March 2020, due to the pandemic, ALL was well supported but still we could not get back to the pre-Covid levels up till now, and observing such Price Acton (Bearish Rejection Candles) on the Monthly Chart, I think that it is being rejected. I believe that its best not to FOMO and be mindful of the fact that it may be giving hints of...
ENTRY: 32.10 (possible)
TP: 33.40-34.00
SL: 30.40
- ADX>20
- RSI>65 today (23 Oct 2020)
- MAs are aligned
- Covered gap (30.85-31.88) and break up
- Would like ADX>25 and RSI>70 though
- See volume near EOD first before entry
Aristocrat has just ticked through a 100% price recovery from its March lows, with another 20% to go to get back to where it was pre covid reset. Slow and steady, could be worth a watch as more pubs and clubs re-open and restrictions are eased.
You will need a little bit of Head & shoulder knowledge to interpret this 4 hour chart. The smaller pattern has already broken the neckline & is currently retesting it. A break of the larger pattern will confirm the bearishness
