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ASX:FMGThe recent drop in iron ore prices has seen the major mining companies being beaten down, the selling has now reached panic proportions and of all the big miners Fortescue has faired the worst. While I am not saying this is a good time to buy, as iron ore prices still have fundamental head winds to contend with and the prices can certainly move much lower before smaller miners are forced out the market and the supply glut begins to dissipate. However expect some consolidation or a small bounce within the highlighted zone before any moves lower are made. This zone will be the first major test for bulls if the can keep prices around the $15.00 mark and a floor develops in the next few months in iron ore prices this could develop into a good buying opportunity. Don't be surprised though if price consolidates before moving lower to one of the highlighted support zones. *Not a recommendation to buy or sell, simply for educational purposes*
ASX:FMG
by MarkE
2
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