I see a2m having a strong week next week, before either breaking through 43EMA or going lower. There are rumours around about a take over on the cards for the company. Any news is currently good for A2M as it was heavily oversold at $6.90. Personally i see a move to $7.90 on the cards before either bears take control again, or bulls step up. A good swing entry...
Such strong support around these levels, however i wont enter until pointsbet breaks downtrend. Its been winning and losing stock for me with my short term trades, but i still see a lot of potential in the share price if it can break downtrend. Will repost when pointsbet crosses downtrend.
Lithium sector getting another cycle now. I dont really know how to take Vulcans quarterly today, but it didnt impact price to bad so im thinking it was neutral. Chart itself is best ive seen this year from the share price. Probably a move up tomorrow followed by a sideways week next week, then a move up to next resistance level. Definitely a good time to buy as...
I would definetly be worried now if i was an investor in CRO, Fundamentals are lacking severely given the market cap.. it has broken the 43EMA on the daily which it hasnt been below since December last year. If i had to use an example of a retail stock biting investors, id look at IBX.asx, same people that initially pumped the stock up as CRO.. im sure both...
Great news this morning but huge selling pressure to come with it. Final hour however shows strength for a move up tomorrow. I can only give a target of 80c if you wish to enter it.. but id much rather see some more price action before entering for a short term trade. Medium term target with this partnership would ideally be around the $1 mark for NOV.
CRO is on support again, needs to bounce here or else will move into a bear move. Volume isnt looking good either, alot of small red candles, needs a green candle tomorrow. I wouldnt enter here if its a swing trade, because i think if its going to move up, its going to have a shake out to 7.5c. But if there is no bounce at those levels, then its going to continue...
Price action is looking semi decent. Id prefer some tight green days next week to signal sellers dying off, but also a push above 65 and pull back to 63.50 will work just aswell.
Could be time for gold to break downtrend. Weekly chart right on 43EMA resistance, looking for a close above 1800 for a change in buying sentiment. Cycle wise, definetly could be golds turn to make a new move up given its downtrend length.
Alot of trapped volume will make it hard for a swing trade on mns. Will need to rinse out some holders over the next week or 2 in the support/resistance channel. I believe it will be a good trade again. But not at the moment. Buys at 32c with stop at 1 pip below 43EMA if it gets hit.
Fridays are known for being a selling day, but if there is strength in the lithium sector overnight, might take a position for a swing trade. Market as a whole has been fairly weak recently, but support at 6.50 is a 10% stop loss. Will watch tomorrow and could look for an entry next week if 7.40 is held on hourly.
Long term resistance, turned support. Bounced 3 times at these levels, should be coming to a time where there is one more recoil here, maybe up to 13.50. Chance of a break of support and push lower where next support is at 11.50. Happy to sit on sidelines here as market as a whole seems weak.
Terrible first hour that was followed by a constant sell off. With that said, a lot of selling volume between 45-50c that will now need just as much volume to break. I expect to see a couple weeks sideways action before pushing back up. Stop at 36c, with re entry chances at 31 or 32c.
Chart is healthy on the daily, Friday's sell off due to news is a worry, but if it can push on tomorrow then nothing to worry about. Im not a fan of gap ups, but entry on tuesday (dependant on tomorrow), could see a healthy 7% + gain come before any resistance.
Its been pretty strong the last 3 days, and price action was strong on friday given the sell off in the morning, and facing resistance at these price levels. Would wait to see how it goes tomorrow before re entering. If you would like to enter, a stop at 6.50 is the next support, so slightly riskier for short term traders.
Since breaking trend, IOU has been performing well. It should move up tomorrow, had a couple days of selling above the 43EMA, should bounce here and make its way to the 50c resistance. Entry here with a stop at 36c is good risk reward.
Hopefully a higher low set in on friday and tomorrow there is a push through the 14.20 resistance. Weekly MACD and Stoch lining up for a move higher, but the overhead resistance needs to be cleared.
Bounce here will be quite a good swing trade goven right on 43ema, and a few days away from ending downtrend (if 43ema is held) could be a good entry point. Given selling spike yeaterday, want to see how today plays out before entering.
Good green buying volume in past week, could be signs of news, could also just be general positive valuation in company. Overhead resistance at 25.5 which will need a couple of recoils to get through, but once through should see new highs quite easily. Always careful investing in health companies as there research could be nulled. So invest when news is a month...