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ASX

BRN - Could we see a bounce?BRN looks like it may have found support around the 200 SMA and a possibility that we could see a bounce off soon. MACD has crossed also indicating that this could be a zone where buyers could get strong and take price higher. My target on this trade would be $0.550, a potential gain of 10%) with a stop below the swing low. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:BRNLong
by AsimMirzaTrader
3
ASX:CATHere we have the lifetime chart for ASX:CAT. - Starting with a price of $0.63 and reaching an ATH of $4.26 in only 1 year. - It then went on a 3 year downtrend back to its original $0.63. - After that we see it recover to $2.13 in 1 year. - COVID-19 pandemic brings price all the way down to $0.49, which is its new ATL. - Since then price has recovered nicely, and if it continues to do so I will be looking to enter a trade. I have marked what I would like to happen for me to enter, and the relevant buy zone. I will only be putting a small sum on this trade in the hopes that price breaks the $2.47 resistance line and holds price. Only then will I be looking at this trade more seriously. I can then average down my purchase price with small sum previously purchased. DYOR I hope this helps someone
ASX:CATLong
by jakebabula
ASX company RLT (Renergen Limited)Dual listed (Australia & South Africa) Renergen is a hidden gem, that appears quite undervalued and is now trading at it's lowest point since beginning of 2021 when it saw a substantial price spike. Price looks to have reached a technical support level on the ASX and we are seeing bullish price divergence indicating a swing back to the upside may be close by. Renergen (RLT) hold the only onshore petroleum production right is South Africa, already have a proven gas resource and have recently uncovered some of the highest helium content readings globally and as a result they have penned an MOU with one of Germany's prestige automobile companies. They also have a strong management team with deep experience in gas production and South African banking and governance. Fundamentally this looks good and now technically it looks like we are reaching a good buy in price. I've used 2 tops as Fib retracement levels that both anchor to the same take off point when the price exploded in the beginning of the year, this creates Fib retracement "zones" instead of a single price line and the chart clearly shows that these zones have been important as the price has been falling. The price bounces around these zones quite a lot. Currently we have broken below the 0.382 retracement zone but now receiving support from the volume (refer Volume profile) as we are now at the heaviest traded volume area since beginning of 2021 and the RSI vs price is now showing bullish divergence. If the price does not move higher from here then the next Fib level below (level 0.236) is between $1.43 - $1.46. If we break above the downward trend line (in white) then this could be the beginning of the reversal and would be an extremely cheap entry for a company with such strong long term prospects. ***This is my personal opinion and I'm not a paid advisor, please DYOR before investing***
ASX:RLTLong
by gary_trades
BTH.ASX_Range Breakout Trade_LongENTRY: 1.185 SL: 1.06 TP1: 1.275 TP2: 1.400 - ADX>20 - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD -ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Broke out down-trendline on 26 May 2021. Hence, change of trend. - Broke out of first accumulation zone on 17 Jun 2021. Hence, added confirmation on change of trend. - Breakout of second accumulation zone with good volume but not a good closing. Look like swinging up from bottom of channel. - Watch or tighten SL in coming days.
ASX:BTHLong
by TRADER-WANNA-BE
IFL - Bullish Trade PlanIFL is looking good and has been printing higher highs which is a good sign. Currently it seems that it may pull back lower to print a higher low. I expect price to retrace lower towards my Buy Zone between $3.85 - $3.95, which is previous support and also trendline support. I will be taking a long position after bullish price action in the Buy Zone. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:IFLLong
by AsimMirzaTrader
AXE looking to continue its BULLISH trend all the way to its ATHAs you can see over the past few weeks we have seen AXE follow this channel with only 1 touch to its support. There is still a moderate amount of buying volume entering the market and we are looking to close in on its supports 2nd touch. This interaction "may" see AXE try to achieve its all time highs by the mid to late week on the back of FOMO and extra disposable income due to the 2020/2021 EOFY tax returns. Buy order: $1.000-$1.010. Stop loss: $0.920 (-8.46%) Take profit ranges: $1.100 (+9.45%) / $1.200 (+19.43%) / $1.250 (+24.35%) / $1.335 (+32.89%) Not financial advice. Be safe and good luck!
ASX:AXELong
by dekudekudeku
9