ENTRY: 7.45
SL: 7.78
TP: 6.91
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FF -ve
- Moving averages are aligned.
- Breakdown on 2 Dec 2022 before retracing to support-turn-resistance area (7.53) and today appears to be rejecting it.
- Entry based on today rejection of support-turn-resistance area.
Hi all. Today I am sharing a quick analysis on ASX:LLC . This analysis is mainly technical but also considers some macro/micro fundamental which I won’t go into depth in this example. I’m assuming that price may surpass the mean and could find resistance at around +1 STD from the two years daily mean than potentially fall back short to find support before...
ENTRY: 10.06
SL: 10.68
TP1: 9.72
TP2: 9.34
- ADX<20. Would like it to be higher.
- RSI>30,RSI<50
- Daily RS -ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI +ve
- Broke down from current month CPR and ichimoku cloud on 2 Mar 2022.
- Entry based on breakdown from previous month CPR.
LLC may be getting ready for a another buying opportunity. The current pullback is a retracement of the trend. It seems that Price is forming a base right at the edge of the channel. A close above the trendline (tentatively $12.15) could be a bullish sign and I would be a buyer . My trade plan for this trade is as follows:
TP1 - (potential gain 10%)
TP2 -...
My trading bias for LLC is Bullish as it has bounced off the lows (Support), High Volume Profile Zone and the lower edge of the Pitchfork Channel. The Bullish Price Action suggests that LLC may go towards the previous Highs, providing an 11% gain.
TP ~ $14.70 (potential 11% gain)
Stoploss - below $11.70
Please note these are my own notes, by no means trading...
LLC seems to be pulling back nicely to the trendline Support at around $11.70, as it has shown strength previously also and made a Higher High. We can also see that it has made a Golden Cross, with RSI in the Oversold region. The High Profile Volume Zone also lies at around $11.40, so it seems that the range between $11.40 - $11.80 should provide good support,...
This is signaled by The Anty - a modified stochastic showing oversold on swing trade for a few days rally;
It is also a Turtle soup signal as new 20 day low, but failed bear breakout with confirmed reversal on daily chart.
A short on Lend Lease prior to earnings. RSI approaching overbought and price towards top of channel resistance. Look for a volume drop off or a bearish candle 19Jul to confirm the reversal. 5:1 risk:reward as shown but can adjust entry price down to be more confident in a fill.
Hard to think that LENDLEASE doesn’t represent good value at this point. If they decided to set off their engineering division which seems to be giving him so much grief you could imagine that the share price will rebound even more. Something to watch.
-3 Week flag formation
-Very rapid mark up
-Near recent highs
-Declining volume as flag forms
Will risk 20 to 40 basis points
Will implement a 30EMA trailing stop as I cannot identify an underlying formation in which to measure a take profit order
