Is the stock market going to crash?!?! I reckon about 50 people a week ask me this question! The reality is that we have never experienced this kind of crash before, we have never fought COVID before and we are seeing a huge amount of stimulus from our governments. Even the most experienced traders and investors are struggling to predict the market. Here is...
Technical Analysis Education: ASX200 (ASX - XJO) Weekly Chart For those of you out there who are new to trading, I like to keep my TA simple and clean. I also like to look at the bigger picture to understand what's happening right now. There can be a lot of confusion when an event such as a market crash happens. We can be reactive and emotional, which is...
Way to overextended for the past two days, lets see if traders/investors are going take out their profits. Looking for a short between $5.12 and $4.85.
Overextended from yesterday news, looking for a short between $9.23 and $8.88
CCL is at its 52 week high, its been 3 days of green without any pull pack on the daily, looking for a short between $11.62 and $11.23 range.
QAN is at its 52 week high, if it goes pass $7 thats when i'm movitated to short it.
A bit overextended from yesterday close, looking for short between $8.37 and $8.04 range.
This stock gain 13.33% yesterday and now i think its a bit over extended at this point, looking for a short between the range of $4.83 and $4.64.
This stock gain 13.33% yesterday and now i think its a bit over extended at this point, looking for a short between the range of $2.63 and $2.47.
GMA is overextended from yesterday, got rejected at $4.09 and close ten cents below. I have gather data for the past 249 days and the mean of this stock -0.23% with a median of -0.38% stating there is more negative days then positive. Also with Kurtosis its 9 and the skew 0.02 as well, this data just gives me more information about my short basis. Looking to short...
PRU is way overextended from yesterday and from last night Wall Street it looks like the ASX is going to be risk on, hence why i'm looking for a short in the gold sector. Looking between 0.87 and 0.815.
WSP had a massive run up yesterday, gaining over 10%. I love seeing when a stock is overextended it just gives me more reason to short it, the mean of WSP is -0.19% so there more negative days than positive. Based on the data its a normal standard deviation of 68%, therefore im looking to trade between $2.19 and $1.78, lets see how it reacts between $2.060 and $1.92.
DTL had 4 day bullish run up without no pullbacks, this morning the ASX could have a disappointing day so thats risk off. Looking for a short between $3.58 and $3.40. Happy trading!
FNP looks way overextended on daily, it gain just over 10% yesterday without any news. Look for a potential short, my trading range will be between $5.96 and $5.65. Happy Trading
PBH has been on a bullish run for the past couple of days now, and it might be due for pullback anytime soon. Looking to trade between $4.65 and $4.29.
Comparison of price performance since IPO for RZI and KTD