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Asx200

CNI @ 16 SEP 2021Text me if you have any questions/comments for me. ----- CNI - First time doing a written analysis on CNI - When I reviewed this on my livestream (5 Sep), I recommended to wait for a retracement to the short-term support and successful rebound before plotting an entry - Since then, the stock has tested the short-term support - Today’s price action like a successful rebound - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock is capable of creating new all-time highs
ASX:CNI
by Jerm88
ACL @ 16 SEP 2021Text me if you have any questions/comments for me. ----- ACL - First time doing a written analysis on ACL - Recently IPO-ed stock in mid-May – Has had some uptrends - Had some obvious retracement around 4.60 levels - Recently tested the short-term support and today, rebounded from there - A successful rebound would see the stock rise above the resistance of 4.60 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting successful rebound before plotting entry
ASX:ACL
by Jerm88
LIC @ 15 Sep 2021LIC - First time doing a written analysis on LIC - Stock has a good history of uptrends - 1st resistance (purple dotted line) – consolidated sideways for 4 months while still somewhat respecting the mid-term support - 2nd resistance (blue line) – consolidated sideways for 1.5 months while still somewhat respecting the short-term line - After breaking out, stock has had weak tests of the short-term support - Today’s nice bullish pin bar after a strong test of the short-term support is accompanied by above average volume -> good - After seeing today’s price action, I was tempted to get into the stock - Unfortunately, there is no good setup for entry unless you use intraday strategies - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a better setup for entry ----- Text me if you have any questions/feedback for me.
ASX:LIC
by Jerm88
IGO @ 15 Sep 2021IGO - Previous analysis was done on 10 Sep -> suggested waiting for successful breakout of counter-trendline - Stock has gapped up above the counter-trendline (purple dotted line) 2 days in a row but both times disappointingly retraced back - Potentially strong psychological resistance at $10 levels - The stock could retrace back to test the trendline (blue dash line) before attempting to breakout again - Stock could just fly tomorrow too - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of $10 psychological resistance ----- Text me if you have any questions/feedback for me.
ASX:IGO
by Jerm88
AGL @ 15 SEP 2021AGL - First time doing a written analysis on AGL - Stock has been in a big downtrend since April 2017 -> a drop of almost 80% - God bless the long-term investors as their capital is haemorrhaging - In all 3 markets (Australia, Malaysia, and US), there was a big crash in stock prices in March 2020 - Most of the stocks have recovered to above pre-Covid crash levels - AGL bucks the trend by creating new lows in August 2020 - Stock price has dropped more than 60% since that broken support - Downtrend stocks have a lot of overhead resistances -> not conducive for a good mid-term uptrend to form - Strategy-to-buy (DYOR) – There are other better stocks out there ----- Text me if you have any questions/feedback for me.
ASX:AGL
by Jerm88
4
NWF Olympic diver @ 15 SEP 2021NWF - First time doing a written analysis on NWF - Overall price action before mid-June isn’t attractive -> can signal to a lack of interest in the stock - Low average volume -> Below 300k - Low volatility uptrend with almost no pullbacks -> calm waters doesn’t mean there aren’t any crocodiles in them Pros - Since 2021, stock respects the moving averages - Quiet uptrend -> usually signals a short-term uptrend Cons - I’m not comfortable with penny stocks (less than 50 cents in my book) - Low daily average volume -> Price can move up/down suddenly if there is a huge purchase/selloff Summary - Yesterday’s retracement got me excited to see whether a successful rebound will happen - Today’s gap down and crash below the two previously respected moving average supports is too drastic. Almost as if the supports didn’t exist - In hindsight, the quiet uptrend looks like investors getting excited about the corporate action - Strategy-to-buy (DYOR) – Suggest waiting for a series of Higher Highs (HHs) and Higher Lows (HLs) ----- Text me if you have any questions for me.
ASX:NWF
by Jerm88
CXL Rocket @ 15 SEP 2021CXL - First time doing a written analysis on CXL - Since IPO, $1 levels were a resistance until Nov 2020 (purple dotted line) when it turned into a support. - R1 resistance – Sideways for more than 2 months - R2 resistance – Sideways for 2 months - R3 resistance – Sideways for more than 2 months - R4 resistance – Sideways for 1.5 months - R5 resistance – Sideways for 1 week before testing short-term support - Today, it strapped rockets and never looked back Pros - Stock respects the short-term support a lot - After testing the mid-term support, it usually breaks out from the overhead resistance after a few days Cons - Holding this stock would require a lot of patience as it take a couple of months of twiddling your thumbs before it breaks out - Low daily average volume -> Below 500k shares Summary - Yesterday’s test of the short-term support got me excited as this is the kind of rebound entries that I trade -> The setup for a rebound trade would have a borderline 10% risk - I’m not a patient person to wait a few weeks for my stocks to move; thus, I didn’t get in -> Hindsight is 20/20 of course - No good setup for entry unless you use intraday strategies - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for retracement and successful rebound
ASX:CXL
by Jerm88
XRF @ 14 SEP 2021XRF - Previous analysis was done on 30 Aug -> suggested entry at 0.54 levels if believe the stock can create new highs - Today, the stock closed almost 11% since the suggested entry - If you missed the suggested entry, current price is no longer suitable for entry - Price is currently too far from the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for stock to retrace and rebound successfully ----- Text me if you have any questions for me.
ASX:XRF
by Jerm88
TLS @ 14 SEP 2021TLS - Previous analysis was done on 6 Sep - Suggested waiting for successful breakout of overhead resistances before entry - Today’s price action sees the stock convincingly break the 3.90 resistance - Next strong overhead resistance at 4.00 levels - Half entry at current levels could provide an avenue to manage overall risk-reward - R is less than 10% - Strategy-to-buy (DYOR) – Suggest half entry at current levels if believe the stock can successfully breakout of resistance at 4.00 levels ----- Text me if you have any questions for me.
ASX:TLS
by Jerm88
PLS @ 14 SEP 2021PLS - Previous analysis was done on 13 Sep - Suggested using breakout strategies to plot entry - Today’s price action is again accompanied by above average volume - Strong support zone seen at 2.00-2.05 levels - Due to poor setup, suggest to either plot half position entry at current levels or to wait for formation of Higher Highs (HHs) and Higher Lows (HLs) - R is more than 10% - Strategy-to-buy (DYOR) – Suggest half entry at current levels or wait for more confirmation of uptrend ----- Text me if you have any questions for me.
ASX:PLS
by Jerm88
1
LYC @ 14 SEP 2021LYC - Previous analysis was done on 10 Sep - Suggested half entry at 7.10 levels if confident the stock can rebound to 7.50 levels - If followed half entry suggestion at 7.10 levels, gains would be more than 5% in 2 days - Stock today closed at 7.60 levels and there is no longer any good setup for entry - Best case scenario for the overall health of the uptrend is for the stock to retrace and successfully rebound - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound Text me if you have any questions for me.
ASX:LYC
by Jerm88
IMD @ 14 SEP 2021IMD - First time doing a written analysis on IMD - Has history of mid-term uptrends that is interrupted by slow sideways price consolidation - Holding this stock would require more patience - This stock is finally making a move with a strong breakout from the counter-trendline (red dotted line) - Continued strong price action in this trajectory could see the stock create a new all-time high - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of forming new all-time high
ASX:IMD
by Jerm88
ILU @ 14 SEP 2021ILU - Previous analysis was done on 13 Sep - Suggested entry around 10.25 levels if missed out on previously suggested entry levels of 9.90 - Today’s price action is quite far from the short-term support - Even though there still is a borderline 10% risk setup for entry, it is recommended to manage risk by either entering half position or waiting for a retracement and successful rebound - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest half entry at current levels or waiting for a retracement and successful rebound
ASX:ILU
by Jerm88
CHC @ 14 SEP 2021CHC - First time doing a written analysis on CHC - Has history of good uptrends - Stock respects the short-term support more of the time - Trading in a tight band for the last 3 weeks -> I would call this “No Man’s Land” - Formed a double top with strong resistance near 18.50 levels - Today’s price action looks like the first signal of a rebound, but more price action is required - A successful rebound would mean that a strong support would also be formed near 17.50 levels - Due to strong overhead resistance, a breakout strategy is preferable - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of either counter-trendline or 18.50 resistance levels
ASX:CHC
by Jerm88
ASM @ 13 SEP 2021ASM - Previous written analysis was done on 7 Sep -> suggested waiting for next rebound wave before plotting entry - Today’s retracement has broken through the short-term support and has also created a new Lower Low (LL) -> not good - If there is an immediate rebound to create a new Higher High (HH), the stock is still in good condition - Any further drop to around 10.00 levels would be a structure break - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
ASX:ASM
by Jerm88