RLT @ 19 Oct 2021Text me if you have any questions/comments for me.
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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
Asx200
INR @ 19 Oct 2021Text me if you have any questions/comments for me.
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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
IEL @ 19 OCT 2021Text me if you have any questions/comments for me.
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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
HLS @ 19 OCT 2021 Text me if you have any questions/comments for me.
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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
ALQ @ 19 OCT 2021Text me if you have any questions/comments for me.
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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
360 @ 19 OCT 2021Text me if you have any questions/comments for me.
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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
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:
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Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
QPM @ 15 Oct 2021Text me if you have any questions/comments for me.
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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
RNU @ 15 OCT 2021Text me if you have any questions/comments for me.
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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
CTM @ 15 OCT 2021Text me if you have any questions/comments for me.
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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
ARB @ 15 OCT 2021Text me if you have any questions/comments for me.
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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
SNL @ 14 OCT 2021Text me if you have any questions/comments for me.
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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
LKE @ 14 OCT 2021Text me if you have any questions/comments for me.
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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
LIC @ 14 OCT 2021Text me if you have any questions/comments for me.
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LIC
- Previous analysis was done on 4 Oct - Suggested entry above 22 levels if comfortable with the potential overhead resistances
- Since then, the stock has created a new all-time high and today closed with almost 7% gains
- Price is currently overstretched and far from the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
GOW @ 14 OCT 2021Text me if you have any questions/comments for me.
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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
BST @ 14 Oct 2021Text me if you have any questions/comments for me.
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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
ASX200 Cash Index : XJO, A Fresh Perspective.For the simple related fundamental reason : currency devaluation.
One must remain structurally Bullish on Australian Dollar priced assets.
Single stock selection can prove challenging in such conditions, makes life
easier for the market to pick the winners.
ASX:XJO
OANDA:AU200AUD
ASX:STW
Detailed Chart's to follow below -
XJO Zmm's
STW : ASX200 ETF
AU200AUD CFD : Trades 23hrs/5days weekly.
DMP @ 12 OCT 2021Text me if you have any questions/comments for me.
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DMP
- Previous analysis was done on 17 Sep (red arrow) -> Suggest waiting for a successful rebound at $164 levels before plotting entry
- Since then, the stock failed to reach those levels but instead created a Lower High and has fallen below the mid-term support
- Stock has experienced a Structure Break in early October
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
SWP @ 12 OCT 2021Text me if you have any questions/comments for me.
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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
RDY @ 12 OCT 2021Text me if you have any questions/comments for me.
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RDY
- Previous analysis was done on 6 Oct -> suggested waiting for successful rebound at around 3.50 levels before plotting entry
- Since then, the stock has nicely rebounded to form a doji today at 3.50
- The strong volume on 8 Oct bodes well for the short-term momentum of the stock
- 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
CSL @ 12 OCT 2021Text me if you have any questions/comments for me.
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CSL
- Previous analysis was done on 27 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone
- Since then, the stock did not recover to those levels but instead had a Structure Break
- Stock is currently consolidating between the 295 resistance levels and 285 support levels
- Any further break of support could see the stock fall towards the 275 low created in July 2021
- Strategy-to-buy (DYOR) – Suggest looking at other stocks as the current trend is not conducive for trend followers
BST @ 12 OCT 2021Text me if you have any questions/comments for me.
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BST
- Previous analysis was done on 6 Oct - Suggested waiting for a successful rebound at 3.30 levels before plotting entry
- Since then, the stock has created a new all-time high and looks to be hinting at a potential resistance level around 3.45 levels
- If you have entered at the recommended entry, you would have experienced gains of more than 3% in less than a week -> Decent gains albeit not life changing
- Current price level is no longer a good setup for entry
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
AMS @ 12 OCT 2021Text me if you have any questions/comments for me.
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AMS
- First time doing a written analysis on AMS
- Has a history of sharp uptrends and steady retracements
- There was a long sideways movement that lasted more than 7 months (purple shaded area)
- Strong resistance at 1.80 levels (purple dotted line) that was created in Sep 2019
- Recent LHs have created a counter-trendline (blue dash line)
- A successful breakout with above average volume could present a buying opportunity
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of counter-trendline before plotting entry especially if comfortable with overhead strong resistance