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1-hourtrader

CTM @ 15 OCT 2021Text me if you have any questions/comments for me. ----- CTM - Previous analysis was done on 9 Sep - Suggested waiting for successful rebound before plotting entry - Since then, the stock has gapped up to test a resistance at $1.10 levels, retraced back to the mid-term support and re-tested the overhead resistance - In 2 subsequent FB livestreams, I have recommended plotting entries using breakout strategies instead of rebound strategies - Friday’s price action is a false breakout accompanied with above average volume - Potentially, the stock could retrace again to a tested support before rebounding back to the $1.10 resistance levels - If this happens, it will form a cup and handle chart pattern which sometimes leads to a strong breakout - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout before plotting entry
ASX:CTM
by Jerm88
ARB @ 15 OCT 2021Text me if you have any questions/comments for me. ----- ARB - Previous analysis was done on 8 Oct - Suggested waiting for a successful breakout of counter-trendline before plotting half entry - Since then, the stock has successfully broken out with above average volume - If missed out on the recommended entry, current stock price is far from the short-terms support - From the weekly chart, the stock looks to have had a successful technical rebound - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for retracement and successful rebound
ASX:ARB
by Jerm88
SNL @ 14 OCT 2021Text me if you have any questions/comments for me. ----- SNL - First time doing a written analysis on SNL - Has a history of uptrends - Stock’s daily average volume is quite low -> can lead to strong sudden price movements - Low average volume will also explain the stock’s price gap ups/downs - Stock is forming a strong resistance at 8.30 levels (blue dash line) - A successful breakout looks to be around 8.45 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry if comfortable with the low average volume
ASX:SNL
by Jerm88
LKE @ 14 OCT 2021Text me if you have any questions/comments for me. ----- LKE - First time doing a written analysis on LKE - Doesn’t have much a history of long and steady uptrends - Any strong upwards movement lasts for a few short weeks with strong volume before momentum peters out - Not usually a trend that would attract trend followers - Resistance zone has formed around the 65 cents level (purple dash line) - Stock doesn’t respect the short-term support, but the mid-term support is proving to be stronger - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:LKE
by Jerm88
5
GOW @ 14 OCT 2021Text me if you have any questions/comments for me. ----- GOW - First time doing a written analysis on GOW - Has a history of both uptrends and downtrends - Strong resistance zone at 3.40-3.60 levels - Stock has had a quiet uptrend since mid-March 2021 and looks to be respecting the short-term support - Stock is consolidating sideways with a welcomed test of the short-term support - Successful rebound looks to be around 3.15 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry and if comfortable with the overhead resistance zone
ASX:GOW
by Jerm88
BST @ 14 Oct 2021Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 12 Oct - Suggested waiting for a retracement and a successful rebound - Since then, the stock has retraced to the short-term support and today, it gapped up - A successful rebound is around 3.42 levels - A resistance level looks to have formed at 3.45 levels - An entry around 3.42 levels can be considered as a pre-breakout entry - To manage risk, can consider half-position entry on pre-breakout and remaining half position after successful breakout of resistance - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting half-position entry
B
by Jerm88
SWP @ 12 OCT 2021Text me if you have any questions/comments for me. ----- SWP - First time doing a written analysis on SWP - Has a history of nice uptrends with retracements to the short-term support - Stock can be quite volatile and may not fit the risk appetite of some traders/investors - After creating new all-time high, the stock retraced more than 20% to close below the short-term support - Since then, a Lower High has been formed -> it’s quite common for LHs to be formed after a strong retracement - Rebound will be successful if the stock can recover to 2.20 levels - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound and a better setup for entry
ASX:SWP
by Jerm88
RDY @ 12 OCT 2021Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 6 Oct -> suggested waiting for successful rebound at around 3.50 levels before plotting entry - Since then, the stock has nicely rebounded to form a doji today at 3.50 - The strong volume on 8 Oct bodes well for the short-term momentum of the stock - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock is capable of forming new all-time highs
ASX:RDY
by Jerm88
CSL @ 12 OCT 2021Text me if you have any questions/comments for me. ----- CSL - Previous analysis was done on 27 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone - Since then, the stock did not recover to those levels but instead had a Structure Break - Stock is currently consolidating between the 295 resistance levels and 285 support levels - Any further break of support could see the stock fall towards the 275 low created in July 2021 - Strategy-to-buy (DYOR) – Suggest looking at other stocks as the current trend is not conducive for trend followers
ASX:CSL
by Jerm88
3
BST @ 12 OCT 2021Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 6 Oct - Suggested waiting for a successful rebound at 3.30 levels before plotting entry - Since then, the stock has created a new all-time high and looks to be hinting at a potential resistance level around 3.45 levels - If you have entered at the recommended entry, you would have experienced gains of more than 3% in less than a week -> Decent gains albeit not life changing - Current price level is no longer a good setup for entry - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
B
by Jerm88
AMS @ 12 OCT 2021Text me if you have any questions/comments for me. ----- AMS - First time doing a written analysis on AMS - Has a history of sharp uptrends and steady retracements - There was a long sideways movement that lasted more than 7 months (purple shaded area) - Strong resistance at 1.80 levels (purple dotted line) that was created in Sep 2019 - Recent LHs have created a counter-trendline (blue dash line) - A successful breakout with above average volume could present a buying opportunity - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry especially if comfortable with overhead strong resistance
ASX:AMS
by Jerm88
ASX 200 @ 12 OCT 2021Text me if you have any questions/comments for me. ----- 12 Oct 2021 – Market Watch The last time I did an analysis on the S&P/ASX 200 was on 5 October (red arrow). Since then, the ASX 200 has recovered less than 0.5%. It is currently testing the counter-trendline (purple dotted line). A failure to breakout would likely see another retracement to the 7200 psychological support. Further overhead resistance looks to be around the 7360-7400 levels. Last week, I mentioned that I would be more willing to trim positions rather than add new ones especially if there is no good recovery in the markets. At that time, I was exploring 1 or 2 buying opportunities but instead, I entered 3 stocks that have given me gains of up to 4%. Besides the purchases in Australia, I was also adding 3 new stocks into my US portfolio and 1 new stock into my Malaysia portfolio. Why did I suddenly become bullish when I am naturally quite conservative? As explained during last Sunday’s FB livestream, I was quite happy with the news that the US debt ceiling crises has been averted for now. The US government has kicked the can down the road to early December 2021. This should calm the markets for the next few weeks before the political rhetoric heightens again towards the end of November. The US employment figures that came out last Friday disappointed the market and points to a slowing down of job creation. The combined number of jobs created in August and September were less than 50% of the target of 1 million jobs. I have a strange feeling this would temper the FOMC’s hawkish stance and they might even elect to postpone making an announcement on tapering bonds next month. If my gut feeling is correct, this would place a lot of pressure on the tapering announcement to be made in December’s FOMC meeting. Couple this with the debt ceiling crises that will no doubt loom large again, I expect that these twin risk events will create a lot of uncertainties in the markets. When the US sneezes, the whole world gets lung cancer. I don’t think we will be spared here in Australia if there is a retracement in the US. As I mentioned previously, I still expect that a strong retracement will place in Australia over the next 2-3 months. With all that doom and gloom, why did I enter new positions? Personally, I used the previous retracement (in late Sep and early Oct) to find stocks that were outperforming the market. Usually, when the market recovers, these stocks will tend to outperform the market and recover at a faster pace. Besides that, with most of the uncertainties coming in early December, I expect the markets to experience a mini bull run at least over the next few weeks. With that said, I am still trigger happy and I will cut my positions in a heartbeat if the markets turn against me. How about you? Have you entered new positions? Or are you looking to sell some old positions for a quick profit (or lower loss)?
ASX:XJO
by Jerm88
6
ARB @ 8 OCT 2021Text me if you have any questions/comments for me. ----- ARB - Previous analysis was done on 8 Sep - Suggested waiting for a successful rebound - Since then, the stock has been sideways and looks trapped in No Man’s Land (blue highlighted zone) - $48 levels used to be a resistance level (red arrow) and that resistance still holds (blue arrows) - Stock keeps getting rejected by the short- and mid-term resistances - The next support levels look to be the $44 levels - A successful breakout of the counter-trendline (purple dotted line) may present half-position entry opportunities - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout of counter-trendline
ASX:ARB
by Jerm88
ALQ @ 8 Oct 2021Text me if you have any questions/comments for me. ----- ALQ - First time doing a written analysis on ALQ - Has a history of uptrends and downtrends - Since the pandemic crash in Mar 2020, the stock price has risen by almost 180% - Strong resistance seen at current price levels -> created in May 2012 - Stock is currently testing the mid-term support - A successful breakout would be when the stock is around 13.55 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest only plotting entry when breakout is successful
ASX:ALQ
by Jerm88
BST @ 6 OCT 2021Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 4 Oct - Suggested waiting for a successful rebound at 3.45 levels before plotting entry - Today, the stock reached a high of 3.41 before breaking and closing below the short-term support - Today’s retracement is interesting as there is a potential of a good entry opportunity if the stock successfully rebounds - A successful rebound look to be around 3.30 levels - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
B
by Jerm88
CAR @ 6 OCT 2021Text me if you have any questions/comments for me. ----- CAR - Previous video analysis was done on 30 Sep - Suggested waiting for successful rebound to $26 levels before plotting entry - Instead, the stock continued to show weakness and has now closed below the mid-term support - If the structure has yet to break, there definitely is a big tear in the trend - Any further drop below $24 would constitute a structure break - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs to form
ASX:CAR
by Jerm88
RDY @ 6 Oct 2021Text me if you have any questions/comments for me. ----- RDY - First time doing a written analysis on RDY - Currently trading near all-time high regions - Uptrend started to form since end-March 2021 - Stock is outperforming the market -> Recent market downtrend has not affected the stock - Current test of the short-term support looks to provide another opportunity for entry - A successful rebound look to be around 3.50 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:RDY
by Jerm88
BMM @ 6 Oct 2021Text me if you have any questions/comments for me. ----- BMM - First time doing a written analysis on BMM - Recently IPO-ed in mid-July – experienced a few weeks uptrend but the uptrend looks to have ended - A series of LHs and LLs have formed - Stock is currently testing the mid-term support - A successful breakout of a counter-trendline (blue dotted line) would make the stock interesting again - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
ASX:BMM
by Jerm88
ASX 200 @ 5 October 2021 5 Oct 2021 – Market Watch The last time I did an analysis on the ASX 200 was on 27 September (red arrow). I mentioned as long as the index doesn’t experience a successful push to 7500 levels, I would likely trim positions instead of collecting new ones. With uncertainties stemming from the twin events of the US debt ceiling and Evergrande, the ASX 200 has tested the lower boundary (7150 levels) of the support zone (highlighted in blue). Even though the index closed with a pin bar and on the upper boundary (7250 levels), I still think it’s too soon to say that this is the end of the bleed. As I mentioned on Sunday’s FB livestream, I am expecting the next 2-3 months to be a difficult period to trade. US President Biden has voiced out his pessimism of being able to raise the debt ceiling. If that is unsuccessful, will the printing of money end? Whether you like it or not, the global equity markets have benefitted from this additional liquidity and the thoughts/fears of even turning off the tap can send markets crashing. Evergrande finding a majority buyer for one of its subsidiaries has injected some confidence into the markets; at least for the near term. I still think more needs to be done to restructure the huge debt but I’m cautiously optimistic that the Chinese government will step in. As it is, there is already a directive to government-linked companies to do all they can to help out Evergrande. Reading between the lines, this usually means buying the distressed assets of Evergrande. To get more of my commentary on Evergrande, you can watch the livestream recording (text me for the link) starting from the 16-min mark. I have exited almost all of my positions last week and I am only left with one stock. Will I buy more? I am evaluating 1 or 2 possible buying opportunities, but I am not anywhere close to pulling the trigger yet. I don’t subscribe to the diamond hands philosophy, especially when it comes to my trading portfolio. Thus, I prefer to be very selective in this uncertain period. How about you? Are you collecting more stocks now? Or are you keeping your powder dry and buying in when the retracement has ended, and signs of market rebound has appeared? If you find this market analysis helpful, let me know in the comments. May the markets continue to be with us! Disclaimer:- I’m a mid-term trader and I hold my stocks between 1-3 months. I’m using Trend Following strategies and my analysis will be from a perspective as a Trend Follower. I’m sharing these analyses for learning purposes and as always, DYOR.
ASX:XJO
by Jerm88
2