ASX
AfterPay - Price action needs to hold this level of support !!The APT price action is desperately looking for support and a pretty obvious elliott wave ABC correction is in play. Chart is suggesting APT needs to hold this level or we could see further falls down to the $70 level or even lower. Also H&S pattern is in play. Just an observation take with a grain of salt.
ZEL.ASX_Breakout Trade_ShortENTRY: 2.42
SL: 2.74
TP1: 2.21
TP2: 1.88
- ADX<25. Would like to be higher.
- RSI<35
- RS and FFI -ve
- MACD -ve
- Breakdown with good volume
ORE.ASX Long @6.90Breakout Long @ 6.90
Tp 7.36
SL 6.45
Attention to the proximity of the ATH level. A potential catalyst for taking profit.
ASX:DUB - Company in blue sky zone...Bank Compliance needs....ASX:DUB - ( Dubber corporation ) Pretty interesting company to read - ASX listed Dubber Corporation - Recording for compliance
Compliance Voice recording, which has been common in bank dealing rooms for decades, has become an important component of regulatory supervision across most aspects of banking.
The Dubber business model is pretty straightforward. It sells a native cloud solution that is offered as a software-as-a-service. The product appeals to companies wanting to monitor conversations in call centres or for broader recording of staff conversations.
That also reflect in stock price - stock hitting ATH...Added in watch list - seems long term story brewing here.. ASX:DUB
Sell in MAY and go away? ASX 200Looking at this monthly chart the price of the ASX 200 INDEX shows we could have a drop in the market for a few months at least starting in May.
The supertrend monthly is down and the price will have to fight at as resistance if it wants to move higher. However historically it has been rejected and a drop lower occurred before it actually climbed over it.
I have circled the area of the 2008 crash as the comparison is similar. The drop happened and the climb was fast until it was near the supertrend and it tested it twice before the market went lower. It actually took 5 years before the market was higher. I believe we are in a similar boat now.
NCM - Buying Opportunity!NCM broke out convincingly out of the Bearish Trendline indicating that the Bearish Trend might have been over. Since price moved out strongly to the upside, it seems it has found resistance and heading lower for a pullback. The current pullback could provide a good buying opportunity for us. I have marked a buy Zone ranging between $25.00 and $26.00, which is a Fib retracement range of 50% and 61.8%. If price manages to reach my buying zone, I would take a long position after bullish price action.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Could give another buying opportunityNST seems that it has found some resistance and is retracing lower. The breakout to the upside worked well and looks like the next pullback could be around the corner for another buying opportunity. I have marked a buy zone ranging between $9.70 - $10.40. If price retraces lower within that range, I would take a long position after bullish price action.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MFG - Is it a brekout?MFG has managed to close above the Bearish Trendline (Wedge) with very high volume volume. The bounce is expected to continue towards its Resistance which should be the take profit zone now. There is Bullish Divergence on MACD suggesting that the Bearish Momentum has finished and the Bulls have taken control. My trade plan is given below:
TP1 - 54.7 (Potential gain 15%)
Stoploss - $41.5
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NAB will probably have ~10% gain after earnings reportInvestors show no interest in profit-taking until NAB earnings reports are published in May. The price movement is squeezed around the pre-covid resistance level. Instead of buying NAB now, it's better to see how the market will react to the earnings report. If the ascending triangle is broken, the price will move to the next resistance level quickly. This will yield a 10% increase or 50% profit if use 1:5 margin CFD.
NAB is short term bullish, with no signs of a pattern reversal. However, consider the performance of AUS200 and US500 indexes because Australian shares quickly react to the US stock market.
Not a financial advice, just a note to myself.