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$BTC short idea Plan and Trigger This is not a prediction this is a plan.. If this happens do this.. The plan here is IF BTC 1. breaks below PWO - Previous Week Open, 2.Breaks below rising Trendline, 3.Breaks below R2-H (Range 2 High(thats the trigger to go short with Targets marked on chart. Target 1 = R1-L (Range 1 Low) Target 2 = R2-Mid (Range 2 Mid) Notice the inefficient and fast move up noted on the chart. these usually get filled so if we trade in to this candle range i suspect a fast down move to follow.
by gillman_hugh
ASX Ideas - BSL Long Idea, Elliot WaveDisclaimer: I am a new trader, practicing Elliot Wave Theory on the ASX. I aim to publish these ideas for my own journalling, as well as to accept feedback from the community in order to help me learn. This is my analysis for BSL - Bluescope Steel Ltd. The ABC corrective wave seems to be over, so we can look forward to the 5-wave impulse move. Retracements (2) and (4) are likely to reach the 0.618 fib levels, while our target (5) is at the 0.618 fib extension of (1) to (3) and also the resistance level from previous highs. This is a swing trade that could take between 1-3 months to play out. Any thoughts and feedback are welcome!
ASX:BSLLong
by Amjoinery
4
$GAL $GAL.AXThis is how i would play GAL. So much to explain could do with a video. But anyway il try explain. Identified three ranges. R1 R2 and R3.. H=High, L=Low and Mid = Mid range. Price rejected R2 High and is currently consolidating between R2 H and R2 Low... Plan A looking for entry on retest of R3 H or deep to R3 Low. This level has not been retested yet. Will look for entry on 15 or 5 minute tf using the EMA cross and some sort of falling resistance break. T1 = 1.255 T2 = 1.330 If it trades below the MID range and holds im not interested and will have to re-evaluate.
ASX:GAL
by gillman_hugh
$92e Energy Limited92e currently trading below that important daily range low. Previously a move above this range low and re-claim saw the market move higher. Bullish Scenario: -Double Bottom -RSI Small Bull Div -MACD Big Bull Div Plan: looking for entry at @425 or below as i think it will be the backtest of this double bottom pattern that played out in the past. If market does not give this backtest then P2an 2 will be to buy the re-claim of that important daily range low @ 485 Protection: if market trade's below that double bottom @380 its time to jump ship and reevaluate the next plan.. A quick dip below 380 and re-claim of MAY 21 AYH level will give me a signal to enter again. Hope this helps.
9Long
by gillman_hugh
ASX buy-now-pay-later stocks enter regulatory spotlight From relative obscurity, buy-now-pay-later (BNPL) services have become instant superstars. As consumer preference shifts from credit cards to interest-free instalments, the market for BNPL providers also grows, attracting regulations that may curb their capabilities and the fast rate at which the sector is expanding. It wasn't until 2015 that BNPL caught attention following the launch of Afterpay in Australia. At the height of the pandemic, the sector took off, with as many as 8.5 million customers shared between the three largest platforms — Afterpay, Zip (ASX: ZIP) and Humm (ASX: HUM), according to Savings.com. Customer spending is also growing with A$11.9 billion recorded from Australian customers in the 2021-2022 financial year from A$5.6 billion three years earlier, according to ABC. Globally, spending is expected to further increase, with generous projections between US$650 billion and US$1 trillion by 2025, AJOT reported. The players and coalitions Currently, there are 19 BNPL providers in Australia that are catering to millions of customers. The largest in terms of market capitalization are Block (ASX: SQ2), Zip, Humm, Splitit (ASX: SPT), and Sezzle (ASX: SZL). Block, formerly Square, entered Australia through its record $39 billion acquisition in 2021 of Afterpay. Now, the companies have a combined market capitalization of $59.36 billion, so much more than Afterpay's $100 million valuation when it listed on the Australian Securities Exchange in May 2016. The company benefitted heavily from a niche it found during the pandemic. It saw its shares skyrocket, as did most of its peers. But as supply chain issues, inflation fears and worries about rising interest rates became more prevalent, confidence in BNPL companies dwindled and have their stock prices. From the chart below, we see that several of Australia's largest BNPL stocks all have fallen ~90% from their respective peaks. From relative obscurity, buy-now-pay-later (BNPL) services have become instant superstars. As consumer preference shifts from credit cards to interest-free instalments, the market for BNPL providers also grows, attracting regulations that may curb their capabilities and the fast rate at which the sector is expanding. It wasn't until 2015 that BNPL caught attention following the launch of Afterpay in Australia. At the height of the pandemic, the sector took off, with as many as 8.5 million customers shared between the three largest platforms — Afterpay, Zip (ASX: ZIP) and Humm (ASX: HUM), according to Savings.com. Customer spending is also growing with A$11.9 billion recorded from Australian customers in the 2021-2022 financial year from A$5.6 billion three years earlier, according to ABC. Globally, spending is expected to further increase, with generous projections between US$650 billion and US$1 trillion by 2025, AJOT reported. The players and coalitions Currently, there are 19 BNPL providers in Australia that are catering to millions of customers. The largest in terms of market capitalization are Block (ASX: SQ2), Zip, Humm, Splitit (ASX: SPT), and Sezzle (ASX: SZL). Block, formerly Square, entered Australia through its record $39 billion acquisition in 2021 of Afterpay. Now, the companies have a combined market capitalization of $59.36 billion, so much more than Afterpay's $100 million valuation when it listed on the Australian Securities Exchange in May 2016. The company benefitted heavily from a niche it found during the pandemic. It saw its shares skyrocket, as did most of its peers. But as supply chain issues, inflation fears and worries about rising interest rates became more prevalent, confidence in BNPL companies dwindled and have their stock prices. From the chart below, we see that several of Australia's largest BNPL stocks all have fallen ~90% from their respective peaks.
ASX:ZIP
by BlackBull_Markets
BHP Group to explore new territory of $53 per share?This week is one of the busiest for the Australian Securities Exchange, with many of its biggest names delivering their respective earning reports. Among those reporting is the country’s largest mining company, BHP Group (ASX: BHP). BHP are expected to deliver their FY2022 results on 16 August 2022. In addition to BHP’s results, the miner announced an AU $8.4 billion to acquire OZ Minerals (ASX: OZL) last week. As OZ Minerals have already rejected the take-over offer, additional rounds of bids will likely follow over the next week or two. The monthly chart indicates that BHP is currently in a bullish trend and has tested a key resistance just above $48 a share twice in the past month and a half. BHP is currently trading inside a parallel channel, and it looks like it might be about to bounce from the support, in confluence with the 50-DMA. Fibonacci extension levels indicate that the price might reach an all-time high of $53, if bullish fundamentals continue.
ASX:BHP
by BlackBull_Markets
ASX200 looking to breakout? ASX200 - Intraday - We look to Buy at 6985 (stop at 6906) 6980 continues to hold back the bears. The lack of interest is a concern for bears. Preferred trade is to buy on dips. Further upside is expected. Our profit targets will be 7157 and 7200 Resistance: 7160 / 7300 / 7630 Support: 6980 / 6800 / 6425 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:AU200AUDLong
by OANDA
1