Get started

1-hourtrader

BKW @ 20 SEP 2021Text me if you have any questions/comments for me. ----- BKW - First time doing a written analysis on BKW - In last night’s livestream, I mentioned that 25.00-25.50 levels used to be a resistance zone and it will be interesting to see if the stock can rebound of this zone and treat it as support - Today’s price action suggests that’s not the case. - Stock gapped down and fell to the mid-term support - Short-term average doesn’t provide a good support and/or resistance - A successful rebound will be above 25.50 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
ASX:BKW
by Jerm88
ASX 200 @ 20 SEP 202120 SEP 2021 – Market Watch As predicted in last night’s livestream, the twin US events (ie. Last Friday’s Quadruple Witching Hour and the upcoming FOMC meeting) are dragging markets down this morning. At market close, the ASX 200 is down 2.1% to test the 7250 support levels created in July 2021. As mentioned last week, 7150-7250 levels (purple lines) will be a support zone for the index. Any break of this zone will also coincide with a structure break. We will have a better gauge on the Fed’s decision whether to taper by Thursday morning. If the Fed does decide to taper, I foresee a drop to potentially 6900 levels (orange line). If the Fed postpones the key decision to November’s meeting, we should be able to see an immediate challenge of 7400 levels again with a potential of even possibly re-testing all time high levels. This would also depend on how China deals with the Evergrande problem and whether there will be a shock to its financial systems. Some analysts have likened the Evergrande issue to the Lehman Brothers issue back in 2008 that precipitated the Global Financial Crises (GFC). I’m not super familiar with Evergrande but I don’t think there will be as big an impact to the world markets. There are three main reasons for my thinking: - (i) China has been reigning in their financial markets since the 1st half of 2021. Thus, there worldwide exposure isn’t as large as before. (ii) Even before the reigning in, China’s markets were not as big and open as the US. (iii) Since the GFC, all the big financial institutes have been forced (through regulation) to beefed up their financial reserves. Even with the Covid pandemic crash in March 2020, most financial institutes held strong and were not severely impacted like they did during the GFC. In terms of my strategies in the market, I will wait to see what happens this Wednesday (US trading hours) and that will guide what I do in the market. It’s too soon to engage bearish strategies. There might be short-term opportunities to short but from my experience, it’s better and safer to trade based on what I see, rather than what I feel. What do you think? Are you out of the markets completely? Or is this a juicy time to pick up undervalued stocks? If you find this market analysis helpful, let me know in the comments. May the markets 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
DMP @ 17 SEP 2021Text me if you have any questions/comments for me. ----- DMP - First time doing a written analysis on DMP - Stock has history of uptrends that usually end with strong price increases (blue arrows) that is followed by the stock falling below the mid-term support (red arrows) - Since early Aug 2021, the stock price has risen more than 40% with almost no good setup for entries - Today, it gapped down to test the short-term support and recovered with above average volume -> good sign - A successful rebound would be around 164 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:DMP
by Jerm88
ASM @ 17 SEP 2021Text me if you have any questions/comments for me. ----- ASM - Previous written analysis was done on 13 Sep -> suggested waiting for a successful rebound before plotting entry - Since then, the stock has had a weak test of 10.00 levels and is already a Structure Break in my books - Today’s price action with above average volume is interesting but still hasn’t broken through the counter-trendline (blue line) - If the stock fails to break the counter-trendline, another Lower High (LH) would form -> not good - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a series of Higher Highs (HHs) and Higher Lows (HLs)
ASX:ASM
by Jerm88
1
ILU @ 17 SEP 2021Text me if you have any questions/comments for me. ----- ILU - Previous analysis was done on 14 Sep - Suggested half entry at 10.40 levels (to manage risk) or wait for a retracement and successful rebound - Since then, the stock has dropped more than 9% to rest at the mid-term support - As mentioned previously, the stock has a history of strong retracements back to the mid-term support -> Today’s price action should not be a surprise - Technically not a structure break yet -> A close around 9.00 levels would be a structure break for me - A successful rebound would be a price recovery above 10.20 levels accompanied with good volume - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound
ASX:ILU
by Jerm88
CAR @ 17 SEP 2021Text me if you have any questions/comments for me. ----- CAR - Previous analysis was done on 13 Sep - Suggested waiting for successful rebound at 25.75 levels before plotting entry - Today’s price action with above average volume looks good - If you missed the previously suggested entry, current levels still provide good opportunities - 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:CAR
by Jerm88
JHX @ 16 SEP 2021Text me if you have any questions/comments for me. ----- JHX - Previous analysis was done on 13 Sep - Suggested entry around 53.90 levels if believe the stock can create new all-time highs - On 9 Sep, I suggested entry at 53.50 levels -> Today the stock closed almost 3% higher from the suggested entry - The stock created new all-time high - If you missed out the previously suggested entry, current price levels still present some buying opportunities - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe stock can create new all-time highs
ASX:JHX
by Jerm88
JAN @ 16 SEP 2021Text me if you have any questions/comments for me. ----- JAN - First time doing a written analysis on JAN - Trend only started looking good in Dec 2020 -> has some sideways movement that can test the patience of some mid-term traders - Has been testing the psychological resistance of $1 - Stock is overstretched and quite far from the short-term support - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest breakout entry if comfortable with a potential sharp retracement
ASX:JAN
by Jerm88
INR @ 16 SEP 2021Text me if you have any questions/comments for me. ----- INR - Previous analysis was done on 31 Aug -> suggested waiting for retracement and successful rebound before plotting entry - Since then, the stock flew like a rocket - Today, the rocket’s parachute didn’t deploy -> Stock dropped almost 19% with above average volume - Today’s price action is nothing new as stocks that have gone up a lot usually will have a sudden and sharp price reversal - There is no structure break as of today but there is definitely a tear - If the stock continues to break to the to the mid-term support or even falls below the 50-cent psychological support, there is not much hope left for the stock - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound
ASX:INR
by Jerm88
2
CNI @ 16 SEP 2021Text me if you have any questions/comments for me. ----- CNI - First time doing a written analysis on CNI - When I reviewed this on my livestream (5 Sep), I recommended to wait for a retracement to the short-term support and successful rebound before plotting an entry - Since then, the stock has tested the short-term support - Today’s price action like a successful rebound - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock is capable of creating new all-time highs
ASX:CNI
by Jerm88
ACL @ 16 SEP 2021Text me if you have any questions/comments for me. ----- ACL - First time doing a written analysis on ACL - Recently IPO-ed stock in mid-May – Has had some uptrends - Had some obvious retracement around 4.60 levels - Recently tested the short-term support and today, rebounded from there - A successful rebound would see the stock rise above the resistance of 4.60 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting successful rebound before plotting entry
ASX:ACL
by Jerm88
LIC @ 15 Sep 2021LIC - First time doing a written analysis on LIC - Stock has a good history of uptrends - 1st resistance (purple dotted line) – consolidated sideways for 4 months while still somewhat respecting the mid-term support - 2nd resistance (blue line) – consolidated sideways for 1.5 months while still somewhat respecting the short-term line - After breaking out, stock has had weak tests of the short-term support - Today’s nice bullish pin bar after a strong test of the short-term support is accompanied by above average volume -> good - After seeing today’s price action, I was tempted to get into the stock - Unfortunately, there is no good setup for entry unless you use intraday strategies - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a better setup for entry ----- Text me if you have any questions/feedback for me.
ASX:LIC
by Jerm88
IGO @ 15 Sep 2021IGO - Previous analysis was done on 10 Sep -> suggested waiting for successful breakout of counter-trendline - Stock has gapped up above the counter-trendline (purple dotted line) 2 days in a row but both times disappointingly retraced back - Potentially strong psychological resistance at $10 levels - The stock could retrace back to test the trendline (blue dash line) before attempting to breakout again - Stock could just fly tomorrow too - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of $10 psychological resistance ----- Text me if you have any questions/feedback for me.
ASX:IGO
by Jerm88
AGL @ 15 SEP 2021AGL - First time doing a written analysis on AGL - Stock has been in a big downtrend since April 2017 -> a drop of almost 80% - God bless the long-term investors as their capital is haemorrhaging - In all 3 markets (Australia, Malaysia, and US), there was a big crash in stock prices in March 2020 - Most of the stocks have recovered to above pre-Covid crash levels - AGL bucks the trend by creating new lows in August 2020 - Stock price has dropped more than 60% since that broken support - Downtrend stocks have a lot of overhead resistances -> not conducive for a good mid-term uptrend to form - Strategy-to-buy (DYOR) – There are other better stocks out there ----- Text me if you have any questions/feedback for me.
ASX:AGL
by Jerm88
4
NWF Olympic diver @ 15 SEP 2021NWF - First time doing a written analysis on NWF - Overall price action before mid-June isn’t attractive -> can signal to a lack of interest in the stock - Low average volume -> Below 300k - Low volatility uptrend with almost no pullbacks -> calm waters doesn’t mean there aren’t any crocodiles in them Pros - Since 2021, stock respects the moving averages - Quiet uptrend -> usually signals a short-term uptrend Cons - I’m not comfortable with penny stocks (less than 50 cents in my book) - Low daily average volume -> Price can move up/down suddenly if there is a huge purchase/selloff Summary - Yesterday’s retracement got me excited to see whether a successful rebound will happen - Today’s gap down and crash below the two previously respected moving average supports is too drastic. Almost as if the supports didn’t exist - In hindsight, the quiet uptrend looks like investors getting excited about the corporate action - Strategy-to-buy (DYOR) – Suggest waiting for a series of Higher Highs (HHs) and Higher Lows (HLs) ----- Text me if you have any questions for me.
ASX:NWF
by Jerm88
CXL Rocket @ 15 SEP 2021CXL - First time doing a written analysis on CXL - Since IPO, $1 levels were a resistance until Nov 2020 (purple dotted line) when it turned into a support. - R1 resistance – Sideways for more than 2 months - R2 resistance – Sideways for 2 months - R3 resistance – Sideways for more than 2 months - R4 resistance – Sideways for 1.5 months - R5 resistance – Sideways for 1 week before testing short-term support - Today, it strapped rockets and never looked back Pros - Stock respects the short-term support a lot - After testing the mid-term support, it usually breaks out from the overhead resistance after a few days Cons - Holding this stock would require a lot of patience as it take a couple of months of twiddling your thumbs before it breaks out - Low daily average volume -> Below 500k shares Summary - Yesterday’s test of the short-term support got me excited as this is the kind of rebound entries that I trade -> The setup for a rebound trade would have a borderline 10% risk - I’m not a patient person to wait a few weeks for my stocks to move; thus, I didn’t get in -> Hindsight is 20/20 of course - No good setup for entry unless you use intraday strategies - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for retracement and successful rebound
ASX:CXL
by Jerm88
XRF @ 14 SEP 2021XRF - Previous analysis was done on 30 Aug -> suggested entry at 0.54 levels if believe the stock can create new highs - Today, the stock closed almost 11% since the suggested entry - If you missed the suggested entry, current price is no longer suitable for entry - Price is currently too far from the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for stock to retrace and rebound successfully ----- Text me if you have any questions for me.
ASX:XRF
by Jerm88
TLS @ 14 SEP 2021TLS - Previous analysis was done on 6 Sep - Suggested waiting for successful breakout of overhead resistances before entry - Today’s price action sees the stock convincingly break the 3.90 resistance - Next strong overhead resistance at 4.00 levels - Half entry at current levels could provide an avenue to manage overall risk-reward - R is less than 10% - Strategy-to-buy (DYOR) – Suggest half entry at current levels if believe the stock can successfully breakout of resistance at 4.00 levels ----- Text me if you have any questions for me.
ASX:TLS
by Jerm88
PLS @ 14 SEP 2021PLS - Previous analysis was done on 13 Sep - Suggested using breakout strategies to plot entry - Today’s price action is again accompanied by above average volume - Strong support zone seen at 2.00-2.05 levels - Due to poor setup, suggest to either plot half position entry at current levels or to wait for formation of Higher Highs (HHs) and Higher Lows (HLs) - R is more than 10% - Strategy-to-buy (DYOR) – Suggest half entry at current levels or wait for more confirmation of uptrend ----- Text me if you have any questions for me.
ASX:PLS
by Jerm88
1
LYC @ 14 SEP 2021LYC - Previous analysis was done on 10 Sep - Suggested half entry at 7.10 levels if confident the stock can rebound to 7.50 levels - If followed half entry suggestion at 7.10 levels, gains would be more than 5% in 2 days - Stock today closed at 7.60 levels and there is no longer any good setup for entry - Best case scenario for the overall health of the uptrend is for the stock to retrace and successfully rebound - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound Text me if you have any questions for me.
ASX:LYC
by Jerm88
IMD @ 14 SEP 2021IMD - First time doing a written analysis on IMD - Has history of mid-term uptrends that is interrupted by slow sideways price consolidation - Holding this stock would require more patience - This stock is finally making a move with a strong breakout from the counter-trendline (red dotted line) - Continued strong price action in this trajectory could see the stock create a new all-time high - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of forming new all-time high
ASX:IMD
by Jerm88
ILU @ 14 SEP 2021ILU - Previous analysis was done on 13 Sep - Suggested entry around 10.25 levels if missed out on previously suggested entry levels of 9.90 - Today’s price action is quite far from the short-term support - Even though there still is a borderline 10% risk setup for entry, it is recommended to manage risk by either entering half position or waiting for a retracement and successful rebound - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest half entry at current levels or waiting for a retracement and successful rebound
ASX:ILU
by Jerm88