i think currently market is trying to consolidate and soon it will resume up trend and bulls will take control of market, because:
1. price is continuously above 200 days moving average.
2. during last three weeks for 5 days price gone above 50 days moving average.
3. most of the volume is in the range of $70.80 - $72.20 range which is above 200 days moving...
if we have price /volume comparison, it's pretty obvious that market likes the price between following ranges based on volume:
1. 67-69 range
2. 70 - 71 range (current range)
3. 70 - 72 range
based on last one year data,I think 77 to 78.50 range is actually where more trades took place than 70 - 72 range.
given this scenario, I think if we get some decent...
while looking for good entry position for long.
from this point 71.20 down trend continues, the only good support is at 69.86 and next support at 67.64 doesn't look very strong neither 65.09.
if price continues falling then I think it will only stop at ~ 58.68.
P.S: these are my notes for future reference, by no mean trading advise to anyone.
I think the price won't fall below 200 days moving average, for next couple of days we may see a down trend may come around 69.50 but from there we should see upwards trend to touch 74.40 ...
P.S: please note these are my own notes for learning purpose, by no means trading advise to any one. please do your own research before entering into any trade.
if today's price closes at or below 69.00 then tomorrow we should see higher volume between 69.11 to 67.70 range.
I think it would be good idea to load up some shares at around 67.70.
P.S: These are own notes for my future reference and by no means trading advise to anyone. please do your own research before entering into any trade.
I think we should cash some profits at $75.00 range. I am expecting price to touch $75.00 range pretty soon.
p.s: please note these are my personal notes and by no means trading/ investment advise to anyone. please do your own research before entering into any trade.
I think, it's pretty evident that price likes the range of $80.00. as we can see in weekly, daily and 4 hourly charts.
I think if we are holding then we should just simply hold on to it and wait for the price to touch $80.00 range.
p.s: please note these are my own notes for my learning/ future reference, by no means trading advise to anyone. please do your own...
As it was noted that we should see higher value in this range and price not fall below 200 days moving average.
I think now we should soon see price going up to 73.30.
p.s: these are my own notes for future reference and by no means trading advise to anyone. please do your own research before entering into any trade.
i don't see major support if 67.70 support fails, in that case price would go all the way down to around $60.10. next considerable support zone are 67.50, 65 - 64 then 62 - 61. May
be good strategy for long position is to buy in stages.
stage 1: 67.70 zone
stage 2: 65-64 zone
stage 3: 62-61 zone.
P.S: please note these are my personal notes for my future...
let's see how support line at ~71.66 supports the price, doesn't look very strong support line and with given COVID-19 second wave updates from VIC, NSW and QLD, let's how all these reflect on price for now it's all favouring the BEARS.
I think I can see Elliott Wave pattern but not sure how it's going to happen in current market situation.
I think the trend is still upwards (which is great) but for next few days price will swing between support & resistance 72.300 and 74.50.
since today's run was reasonably good after 5 days of price correction.
I would be keeping an eye on tomorrow's market...
As I noted in my previous idea, that it's going to get support at 72.300, which it is getting at the moment.
As it can seen in hourly chart. At this point it is still in upwards channel but it it falls below support level it can possibly fall below the up trend channel and come down below 72.00. with current market sentiment it's bit difficult to decide to make a...
Hi friends
the daily chart of this market shows that it will experience an uptrend in the next few days but at the same time
one must be vigilant of the placement of the stop loss and the level of profile to gain.
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looks like at the moment the price is between support and resistance.
the overall trend is positive getting support from MA50&200 which is positive sign.
I will wait for entry around 73.00 - 72.50, apparently looks like market is going to close around 73.500.
these are my own notes, by no means advise to anyone. please do your own research before entering into...
