Xero is pretty much the closest thing Australia has to "big tech" and is looking pretty good to retest all time highs of $90. We are comfortably sitting above 20 and 50 MA's on all timeframes and we have a nice bull flag forming at the $80 resistance level. A clear break above the resistance will solidify a clear buy signal for me with a target of $90 and stop loss at $78.
Looks like the good run by Xero is over. Couple rejection wicks of 87. RSI turning into resistance. MAC D 2nd sell signal
Serious accumulation here. Looking for a move through 82.8 and on to the century!
Theoretical trade entry point here today at open $43.02 Stoploss out 100% if trades below $34.80 (19% loss) Targets -$49.94 -$51.94 -$71
Looks like a great bullish breakout here to me, but I wish the volume was a bit higher. Distance between 2014 high ($42) and lowest low since then ($12) is $30 which gives a long term goal price of $42+$30 = $72 target which would likely take years to hit. In percentage terms this is 60% upside A stop at $37.49 gives a risk of $7.63 or 17% Anyone else have...
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Reaching $50. Private investors bailing out, just heard someone sell 150 mil (2%) of company stake. Technically you can see the sell pressure at $50. ASX 0.63% overall is on thin ice with the big banks in trouble. Follow me on Twitter: twitter.com
$XRO goes down along with tech titans
-3 Week flag -2 year+ parabolic advance indicating strong trend -Bollinger band squeeze on the daily -Measured move 56.32 for a solid risk reward -Similar characteristics to the RMD trade I had last month 30 basis points planned Happy to have a buy stop order in the market during the day