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Asx200

LOT @ 21 OCT 2021Text me if you have any questions/comments for me. ----- LOT - First time doing a written analysis on LOT - In a weekly chart (as shown), stock does show some signs of uptrends since the Covid crash - As a mid-term trader, a weekly chart is a too long a time horizon to trade in -> Weekly charts are more suited to long-term investors - Stock is currently trading at the 35 cents resistance that has been there since late 2016 - A successful breakout of the 35 cents will be good for the stock in the short- to mid-term timeframe - There is another resistance at the 55 cents levels - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout of the 35 cents resistance
ASX:LOT
by Jerm88
JAN @ 21 OCT 2021Text me if you have any questions/comments for me. ----- JAN - Previous analysis was done on 16 Sep (red arrow) -> Recommended waiting for successful breakout before plotting entry - Since then, the stock drifted towards the mid-term support before breaking out yesterday - The long tail above yesterday’s candle can be a concern but if the stock doesn’t fall below the $1 level (orange line), it’s too early to call it a false breakout - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a test of the $1 support and a successful rebound
ASX:JAN
by Jerm88
BST @ 21 OCT 2021Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 14 Oct - Suggested waiting for a successful rebound around 3.42 levels before plotting half-position entry - Stock tested both the resistance (blue dash line), trendline support (purple dotted line), and the short-term moving average - Typically, an ascending triangle points towards a strong breakout but I’ve seen my fair share of broken supports too - With low daily average volume, a strong breakout would be very sudden and may be difficult to catch - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting half-position entry
B
by Jerm88
HLS @ 21 OCT 2021Text me if you have any questions/comments for me. ----- HLS - Previous analysis was done on 19 Sep (red arrow) -> recommended waiting for successful breakout of counter-trendline (purple dotted line) at around 4.90 levels before plotting entry if comfortable with strong overhead resistance zone - Since then, the stock flirted with the support (blue dash line) before today gapping up and tried to breakout - Stock briefly hit a high of 4.91 before quickly retracing below the resistance with above average volume - Stock doesn’t have a history of long tails above the candle -> Today’s False Breakout is unusual - If the stock can rise above today’s high (4.92 or above), it would present a better buying opportunity - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry if comfortable with strong overhead resistance zone
ASX:HLS
by Jerm88
RLT @ 19 Oct 2021Text me if you have any questions/comments for me. ----- RLT - First time doing a written analysis on RLT - Stock has a history of sharp and sudden price movements that are usually reserved for penny stocks - It’s super volatile and may not be a right fit for some investors’/traders’ risk appetite - Uptrends are not well-established with only 1-2 waves of HHs and HLs before a strong retracement takes place -> Trend will be difficult to trade as a Trend Follower - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs to properly establish itself
ASX:RLT
by Jerm88
INR @ 19 Oct 2021Text me if you have any questions/comments for me. ----- INR - Previous analysis was done on 16 Sep (red arrow) -> suggested waiting for a successful rebound - Since then, the stock created a LH and LL - Stock rebounded off the mid-term support and successfully break out from the counter-trendline (blue dotted line) with above average volume - Stock is currently near Previous High - Price is far from the short- or mid-term supports - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful retracement and successful rebound
ASX:INR
by Jerm88
1
IEL @ 19 OCT 2021Text me if you have any questions/comments for me. ----- IEL - Previous analysis was done on 8 Oct (red arrow) -> suggested entry if there is a successful rebound around 35.75 levels - Since then, the stock has tested the short-term support and has successfully rebounded - If you taken the entry suggestion, you would be in gains of close to 4% gains within 3 days - Current price is far from the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
ASX:IEL
by Jerm88
HLS @ 19 OCT 2021 Text me if you have any questions/comments for me. ----- HLS - Previous analysis was done on 31 Aug (red arrow) -> recommended caution and suggested to wait for successful breakout of strong resistance zone at 5.15-5.35 levels - Since then, the stock has created multiple LHs and is now trading at the 4.57 support levels (blue dash line) - A counter-trendline resistance has also formed (purple dotted line) - Buying at a support can be a strategy that some traders used - As a Trend Follower, I prefer if the stock can prove itself by breaking out from the counter-trendline first - A successful breakout looks to be around 4.90 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry if comfortable with strong overhead resistance zone
ASX:HLS
by Jerm88
ALQ @ 19 OCT 2021Text me if you have any questions/comments for me. ----- ALQ - Previous written analysis was done on 8 Oct (red arrow) -> suggested only plotting entry when breakout is successful - Stock is gapping up and retracing during the day -> the trend still looks ok to me - Best case scenario is if the stock retraces to test the support before continuing its upwards trajectory - R is more than 10% - Strategy-to-buy (DYOR) – Suggest only plotting entry when there is a retracement and successful rebound
ASX:ALQ
by Jerm88
360 @ 19 OCT 2021Text me if you have any questions/comments for me. ----- 360 - Previous written analysis was done on 13 Sep (red arrow) -> suggested waiting for successful rebound to 9.60 levels before plotting entry - Since then, the stock briefly touched $9.60 before retracing all the way below $8 - Recent price action has seen the stock test the 9.50 resistance levels (purple dotted line) again before retracing back to the short-term support - A successful breakout of strong resistance looks to be around $9.90 levels - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry
ASX:360
by Jerm88
BHP - Would it go up without making double bottomSo far ASX:BHP has been going strong from support price approximately $36.00, showing signs of trend reversal but it could be a counter trend move. I am expecting a price correction here. from here I expect price moving down to $38.00 , and then $37.00 levels. finally if It gets down to $36.00 levels would offer good buying opportunity and that is where it would form double bottom . Please join my Slack Channel to form active traders community to analyse and discuss trading ideas, thanks: join.slack.com Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:BHPShort
by AsimMirzaTrader
2
QPM @ 15 Oct 2021Text me if you have any questions/comments for me. ----- QPM - Previous analysis was done on 1 Sep - Suggested waiting for successful breakout of overhead resistance before plotting entry on condition of being comfortable with stock’s price volatility - After successful breakout, the stock has gone up more than 20% - Stock continues to respect the short-term support - Stock has technically had a successful rebound - R is more than 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if comfortable with the setup and the stock’s price volatility
ASX:QPM
by Jerm88
1
RNU @ 15 OCT 2021Text me if you have any questions/comments for me. ----- RNU - First time doing a written analysis on RNU - Doesn’t have a history of good uptrends but recent price action since July 2021 shows some promise that is also accompanied with sustainable volume - Price is below $0.50 which can usually lead to strong price volatility -> might not fit the risk appetite of some traders/investors - Strong overhead resistance zone around the 16-18 cents levels - Stock is trading at the 12 cents support levels - If stock doesn’t recover to around 15 cents, the stock will likely break below the 12 cents support in the near future - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with high price volatility and strong overhead resistance
ASX:RNU
by Jerm88
2
CTM @ 15 OCT 2021Text me if you have any questions/comments for me. ----- CTM - Previous analysis was done on 9 Sep - Suggested waiting for successful rebound before plotting entry - Since then, the stock has gapped up to test a resistance at $1.10 levels, retraced back to the mid-term support and re-tested the overhead resistance - In 2 subsequent FB livestreams, I have recommended plotting entries using breakout strategies instead of rebound strategies - Friday’s price action is a false breakout accompanied with above average volume - Potentially, the stock could retrace again to a tested support before rebounding back to the $1.10 resistance levels - If this happens, it will form a cup and handle chart pattern which sometimes leads to a strong breakout - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout before plotting entry
ASX:CTM
by Jerm88
ARB @ 15 OCT 2021Text me if you have any questions/comments for me. ----- ARB - Previous analysis was done on 8 Oct - Suggested waiting for a successful breakout of counter-trendline before plotting half entry - Since then, the stock has successfully broken out with above average volume - If missed out on the recommended entry, current stock price is far from the short-terms support - From the weekly chart, the stock looks to have had a successful technical rebound - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for retracement and successful rebound
ASX:ARB
by Jerm88
SNL @ 14 OCT 2021Text me if you have any questions/comments for me. ----- SNL - First time doing a written analysis on SNL - Has a history of uptrends - Stock’s daily average volume is quite low -> can lead to strong sudden price movements - Low average volume will also explain the stock’s price gap ups/downs - Stock is forming a strong resistance at 8.30 levels (blue dash line) - A successful breakout looks to be around 8.45 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry if comfortable with the low average volume
ASX:SNL
by Jerm88
LKE @ 14 OCT 2021Text me if you have any questions/comments for me. ----- LKE - First time doing a written analysis on LKE - Doesn’t have much a history of long and steady uptrends - Any strong upwards movement lasts for a few short weeks with strong volume before momentum peters out - Not usually a trend that would attract trend followers - Resistance zone has formed around the 65 cents level (purple dash line) - Stock doesn’t respect the short-term support, but the mid-term support is proving to be stronger - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:LKE
by Jerm88
5
GOW @ 14 OCT 2021Text me if you have any questions/comments for me. ----- GOW - First time doing a written analysis on GOW - Has a history of both uptrends and downtrends - Strong resistance zone at 3.40-3.60 levels - Stock has had a quiet uptrend since mid-March 2021 and looks to be respecting the short-term support - Stock is consolidating sideways with a welcomed test of the short-term support - Successful rebound looks to be around 3.15 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry and if comfortable with the overhead resistance zone
ASX:GOW
by Jerm88
BST @ 14 Oct 2021Text me if you have any questions/comments for me. ----- BST - Previous analysis was done on 12 Oct - Suggested waiting for a retracement and a successful rebound - Since then, the stock has retraced to the short-term support and today, it gapped up - A successful rebound is around 3.42 levels - A resistance level looks to have formed at 3.45 levels - An entry around 3.42 levels can be considered as a pre-breakout entry - To manage risk, can consider half-position entry on pre-breakout and remaining half position after successful breakout of resistance - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting half-position entry
B
by Jerm88
SWP @ 12 OCT 2021Text me if you have any questions/comments for me. ----- SWP - First time doing a written analysis on SWP - Has a history of nice uptrends with retracements to the short-term support - Stock can be quite volatile and may not fit the risk appetite of some traders/investors - After creating new all-time high, the stock retraced more than 20% to close below the short-term support - Since then, a Lower High has been formed -> it’s quite common for LHs to be formed after a strong retracement - Rebound will be successful if the stock can recover to 2.20 levels - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound and a better setup for entry
ASX:SWP
by Jerm88