CRO - Pullback About to Finish?CRO looks like that the current pull back has finished or very close to finish. I expect it to bounce higher. May be a bit of more bullish price action will add confirmation. MACD has given a bullish cross. My target would be the next resistance at $0.100.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Asx200
TNE - Pullback in Progress?TNE - A good looking and up trending chart with Higher Highs and Higher Lows is in the process of a pull back! The question is that where should the pull back end for a possible buy entry. My expectation is that it may continue further down, possibly towards the Buy Zone between $8.10 - $8.40, where there is trendline support and 78.6% Fib Retracement. The second scenario could be a break and close out of the bearish trendline coupled with high volume for a possible buy entry. I will monitor price action keeping both the possible scenarios in consideration for a potential buy entry.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
RZI - Road MapRZI has given an incredible run to the upside in 2021 so far, and now that its in the process of pulling back, we may have a good buying opportunity soon. Its recent pull back seems incomplete, and I am anticipating it to reach my Buy Zone and the trendline Support where I would be waiting to buy once bullish price action confirms.
The zone where I expect the upward swing to start is between $1.080 - $1.140, and I will see how it reacts in the specified Zone and if the Bulls succeed in taking control. I will be targeting the previous highs or atleast previous resistance (potential 50% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CWY - Possible Pullback in progressCWY has been going in a very good uptrend and appaently it seems that it has gone up quite far and facing some resistance. Hoping to see it retrace lower, ideally to the bullish trendline or towards the 200 SMA for a potential buy setup. I will see how it develops further if and when it comes lower for a pull back. My Buyzone is between $2.35 - $2.50, which is the trendline support area where I will be monitoring price action for a potential buy plan.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
IRE - Possible Breakout!IRE seems to be breaking out of the descending triangle with High Volume, suggesting it may be ready to go higher. We also have a Bullish Cross on the MACD and it seems that this could move higher with force. My target for this trade will be the next resistance level of $10.90, which could be a potential 6.00% gain and TP@ at $11.25 giving a potential gain of 10%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Z1P - Could provide a buying Opportunity!Z1P has bounced off Trendline Support with good volume and clearly showing bullish price action. It seems that Z1P should continue its swing to the upside. My target on this trade will be the resistance level of $8.90, which could potentially give a 20% gain. My stop on this trade will be below the swing low at $6.20.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
KLA - Waiting for a RetracementKLA has clearly bounced off strongly off the strong support and has moved higher confirming the change in trend. it seems that it is facing some resistance and may give a retracement lower for a buying opportunity. I expect it to retrace in my buy zone between $47.50 - $50.00, where I shall buy after bullish price action. My target would be the resistance zone around $63.75 and a stoploss below the last swing low at $40.50.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CRN - Is the Pullback Over?CRN has pulled back and initially it broke support, but then it bounced off it, so this could be a false break. I will be long CRN if it manages to break and close above the bearish trendline with high volume. This could give confidence that bulls have stepped in again.
XRO - Road MapXRO has showed a spectacular run in 2020 but since Jan 2021, it seems that XRO needs a breather and the double top kind of price action shows that it might have turned or about to turn for a decent pull back. I will be a confident buyer at or near my buy zone between $78.00 and $80.00, which is also its trendline support. I will be closely watching price action if and when we get there.
CGF - Another Buying OpportunityCGF has pulled back as anticipated, and is expected to give another buying opportunity. The recent pullback seems incomplete though and may be it has a little more room to the downside before turning up. I have two scenarios:
Scenario 1 - Can go higher after forming a base and shows bullish price action
Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $4.40 - $4.70.
In both the above scenarios, my target is the same targeting the previous highs, atleast towards $6.75 (potential 40% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CTD - Bullish Trade PlanCTD has given an anticipated pullback lower, but the question is that, is the upside swing ready or it may go a bit lower to give a buying opportunity? I have two scenarios:
Scenario 1 - Can go higher after the recent bullish bounce i.e it may march higher.
Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $15.00 - $15.60.
In both the above scenarios, my target is the same as this could be a B wave.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LLC - Another great Buying OpportunityLLC may be getting ready for a another buying opportunity. The current pullback is a retracement of the trend. It seems that Price is forming a base right at the edge of the channel. A close above the trendline (tentatively $12.15) could be a bullish sign and I would be a buyer . My trade plan for this trade is as follows:
TP1 - (potential gain 10%)
TP2 - (potential gain 20%)
Stoploss - 11.60
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
NST - Bullish Trade PlanNST has broken out of the bearish trendline with high volume. The breakout to the upside has worked worked well and this could be a confirmation of a new swing to the upside. NST has moved up since and has been consolidating within a flag pattern which is a bullish pattern and a follow through to the upside is expected, therefore I am long NST.
My trade plan is given below:
TP: $12.50 (potential gain - 12%)
Stoploss - $10.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Long trade on AMPAMP is currently trading at all-time lows. I do anticipate price will trade sideways for some time until the company finds stability and confidence within its management, albeit not long-term.
With respect to the technicals, it is clear a double bottom has formed on the weekly time frame which has married the plummet of Covid in March 2020. I am not convinced selling pressure will continue beyond $1.05-1.06. This is a great long trade with excellent risk:reward prospects on one of Australia's most renowned dividend-paying public companies.
Thank you traders. Manage your risk.
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.
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.
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.
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:BSL Bluscope Steel Limited after 2009 :) New story emerging after 2009 - something really strong ..keep an eye.
If stock gives close above 2009 on monthly closes basis - significant upside potential.
$HLS $HLS.ASX consolidating and it may pop up$HLS $HLS.ASX consolidating and it may pop up
Healius Ltd
Service company for medical, para-medical and related services, and day surgery operator.
Number of shares 623,008,113
