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ASX

MND - Have we witnessed a Bullish Breakout?MND seems to have broken out strongly out of its descending wedge with high volume suggesting that we may have seen a bottom on the Weekly chart. I think price may find some resistance currently and provide a great buying opportunity lower. I think that any pullback lower may be a buying opportunity. It could restest the POC of Volume Profile or previous Support, or any retracement lower. I would be a buyer at $11.00 and would target the old highs, ideally towards $13.30 - $13.50 range. Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:MNDLong
by AsimMirzaTrader
EVN - Bullish Trade PlanIt seems that EVN has found good support on the long term trendline and whenever it dropped, the trendline worked extremely well. This time too EVN has bounced off convincingly. This makes me bullish ECN and any little pullback could be a very good Buying Opportunity. I have marked a Buy Zone between $4.20 - $4.30. My trade plan is if price retraces lower, I would take a buy position in that Buy Zone after bullish price action, with a stop below the last swing low at $3.70 and targeting the old highs! Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:EVNLong
by AsimMirzaTrader
1
COBALT ETF (ASX:JRV+ASX:COB+ASX:CLQ+ASX:CLA+ASX:AUZ+ASX:ARV) I've created a list of companies to represent the price of Cobalt Mining Stocks on the Australian Stock Exchange, similar to an ETF. Cobalt appears to be in early stages of a market cycle with utility across high-growth technology/industrial sectors: electric vehicles (lithium-ion batteries), semiconductors, renewable energy, etc. Please do your own research before making an investment decision, this is not financial or investment advice. Due diligence is important.
ASX:JRVLong
by AaronHynninen
4
APX: Cautious View With Levels I May Try to Catch the KnifeAfter announcing full year results, Appen LTD ASX: APX continued its downward slide to touch support in the 15 AUD region. APX has rallied somewhat recently, but momentum has barely turned positive on the daily and continues to remain negative on the weekly timescales. The 15 AUD level matches up with a past peak in Aug/Sept. 2018 and I believe will be a key area to break before APX can move lower. May and June are typically less bullish months for Australian stocks and that combined with APX continuing to show weakness under the moving averages, I believe we may set a new medium term low in June/July before any bounce into the Half Year earnings report as shorts cover. My expectation is that the 13-14 AUD range will be tested, possibly even lower. If the RSI's line up with both Weekly and Daily oversold with momentum turning less negative, I may accumulate for a possible rally into earnings. Depending on the outcome of earnings in August as well as the general market trend, I could see a trend reversal occurring or a possible move lower to further support in the 8-10 AUD region at which point I might buy the dip. Short term resistance seems to be in the 17 AUD region. Definitely risky on the short term but an interesting company to me long term. What do you think?
ASX:APX
by preying_mantis
1
TA to Support FA as FireFinch set to Break Out on Big News EventFFX Looking to break through historical support as we break through short term resistance at 27.5c on near term news flow supported by Gold and Lithium sentiment with blue skies until we hit historical price support now walls as we look to retest 53c first test and 81.5c all time high. A lot will depend on greater sharemarket movements but with a lithium demerger in a lithium bull and the upramping of the gold mill with an aggressive drill campaign shoring up greater reserves and grades its hard to see company specific news pushing the stock to align with the above T.A.
FLong
by InvestinMetal
1
A good strong uptrend.Another stock that I have recently seen some discussion on is ASX listed BetMakers Technology group. Looking at the daily charts, it appears that BET has been printing new highs since Mid Feb, where it broke out of consolidation after crossing the 20 and 50 day MAs 9 and 8 Feb respectively, since then the stock a large break out following a gap up on 17 Feb (around a week out from earnings), before the gap was closed up on earnings release on 26 Feb. Following earnings, the price tracked along the 20 Day MA. Throughout March and April the 20 and 50 day MA's almost look parallel, but the price has been pulling sharply away from the 20 Day MA. In summary, the trend on this stock looks strong, but I'd be looking for a pull back to around the 20 Day MA for entry, even if it's intraday. Based on what I'm seeing on the chart, I'd expect the uptrend to continue. As always take this as educational advice only and ensure that if you trade this stock, set an appropriate stop and position size according. Cheers Nick the Trader Guy Check out my blog at www.nickthetraderguy.com, I post a weekly narrative about my journey and regular thoughts about the markets.
ASX:BETLong
by NicktheTraderGuy
NHC - Expecting a PullbackNHC moved higher as expected (link of our previous Trade Plan Idea attached) and now it has found resistance currently and is expected to pull back lower. This pullback is expected to reach the Bullish Trendline Support Zone of $1.260 and bounce higher. This could be a zone where we expect NHC to find buyers and take price higher. We will be monitoring the Price Action closely once it finds support and will update accordingly. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NHCLong
by AsimMirzaTrader
NHC - Bullish Trade PlanAfter making a Higher High and then pulling back to Fibonacci Retracement of 78.6%, NHC has bounced off strongly giving a strong break of the bearish trendline with High Volume. it bounced off exactly from the High Profile Volume Zone (confluence), indicating that it is most likely to head higher towards its previous highs!! TP1 - $1.380 (potential gain 5%) TP2 - $1.430 (potential gain 9%) Stoploss - $1.150 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NHCLong
by AsimMirzaTrader
CTD - Expecting a Deeper PullbackCTD has been rallying since the huge drop it experienced during the pandemic and it seems that it needs a breather before the upswing continues. CTD has been in an uptrend forming higher highs and higher lows but now we are expecting the current pullback to be deeper because of the Bearish Divergence on MACD and the Bullish Momentum getting weak. We are expecting price to come down to its Support Level (also the Trendline Support Level) between $14.55 - $15.25 zone. This could be a zone where we expect CTD to find buyers and take price higher. We will be monitoring the Price Action closely once it find support and will update accordingly. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CTDLong
by AsimMirzaTrader
Twenty Seven Co. volume spike ($TSC)Twenty Seven Co. (TSC.AX) is a gold mining company based in Australia. A quick tour of their home page will tell you about their various projects, but at a high level and probably most imporantantly: They own a huge swath of greenstone in Western Australia as well as an actual gold mine which shut down in the 1980's when prices were suppressed. The company has recently come back with stellar results and now a JORC is about to land. This is a quick overview to point you toward a nice price spike incoming. Financial advice disclaimer in the signature. Good luck.
TLong
by CryptocurrencyWorkingGroup