Medibank Private TD Sequential 9 on Daily and Weekly Chart $MPLMedibank Private testing March low at $2.45, after going ex-div last Wednesday.
This week using TD Sequential, we are seeing a 9 on the weekly and yesterday the daily is giving us a 9 us well.
Could this be the bottom for Medibank private?
Stop loss at $2.45.
Company Profile
Medibank Private Limited (MPL) core business is the underwriting and distribution of PHI policies through its two brands, Medibank and AHM. It offers Hospital Cover and Extras Cover to customers in Australia as well as health insurance to overseas visitors and students. It also participates in the broader healthcare industry through the provision of integrated healthcare services to Policyholders, government, corporate and other customers.
Asx200
#DHR $DHR.ASX Shaping nicely - Upper gap around 1.6C$DHR.ASX Shaping nicely - Upper gap around 0.016c
Dark Horse Resources Limited (DHR, formerly Navaho Gold Limited) is a mineral resource company with a particular focus on Argentina, where it has invested in gold with goals to discover a multimillion ounce gold deposit.
Number of shares 4,036,368,444
$MLS.ASX Not very long for this one to pop - #MLS$MLS.ASX Not very long for this one to pop
Metals Australia Ltd (MLS) is a mineral exploration company. The Company Currently focuses on exploration for zinc and other base metals in Western Australia, lithium and graphite in Canada and uranium in Namibia.
Bullish Idea on GMADont Buy if no breakout. Swing Trade.
Morningstar Valuation at 2.52 on 19th August.
Happy and Healthy Trading 👍👍
The ASX200 is standing on the edge and looking over the cliffThe ASX200 is having a rough day as sellers beat up the bulls. Price has broken the uptrend but is holding above key support for now. A break down below 5850 and we may have a small problem but it will bring some volatility and good shorting opportunities.
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Does the bounce today on the ASX mean the bulls are backThe ASX was hit hard yesterday only for the bulls to come back today and ramp prices back up....it is just like the selloff yesterday was a mistake...or the bulls took the day off.
On the flip side, is the spike down yesterday a sign of some volatility to come. Price is now at an important level where we may see either a run back to 6200 or a lower high hold.
Both the bulls and bears have a good argument....bears, the economy is struggling, inflation easing, unemployment rate spiked etc....for the bulls...ahh....momentum.
As long as the US continue to drive to new highs, expect the ASX to hold in the new range....but if the cracks start to appear in the US, a break of 5886 will be on the cards.
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Beach Energy Limited BPT.AX Extremely Attractive At $1.50Hello Fellow Trader!
View: Beach Energy Limited (BPT.AX) coiling above a daily trend break and finding support at $1.50.
In the month of August, Natural gas spot price finished up 44% and Oil up 8% to support what could be an undervalued company imbedded in the ASX during a pandemic, leaving most investors in limbo on where to invest their money.
Their full year annual report for 2020 stated NPAT (net profit after tax) of $461 Million which was down 18% from 2019, but still provided the business with a 20% return on shareholders equity.
BPT dropped 47% in the Covid sell down and is now starting to provide
Key Points:
Price holding above the 50 EMA
Could see the 21 EMA break above the 50 EMA with price action momentum
Price holding above Fibonacci 32.8% of prior major range March Low to June High
Natural Gas up 44% - Oil up 8% in August
Crossed daily trend line
Flag pattern for break out
Must watch price around the 200 EMA
RSI could break trend and range simultaneously for momentum
Key Levels:
Support – 1.40, 1.50
Resistance – 1.60, 1.70, 1.80 + 200 EMA
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 1.50
Supporting Entry – 1.50 – 1.53
The Risk:
As traders and investors, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks below 1.45 and closes below the 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry $1.50 – Target 1 $1.80 = 3.75x Reward to Risk
Optimal Entry $1.50 – Target 2 $2.00 = 6x Reward to Risk
Supporting Entry $1.53 – Target 1 $1.80 = 3.4x Reward to Risk
Supporting Entry $1.53 – Target 2 $2.00 = 5.5x Reward to Risk
ASX:FXL hit by a smooth Criminal 😫🥵👿🚨ASX:FXL has been the dog of the year in the BNPL domain. It has shown no willing to follow its counterparts when it comes to rallying to the moon. However, leaving aside all these moonboys dreams, lets see what the technical analysis has hidden inside the charts.
I tried to add few labels to the chart to make it self explainable but I cant miss to point the following:
- A rejection to a key point in any market 200MA
- An attempt to flip PSAR that worked but the flip level was quickly rejected
- An attempt to break out of the pennant structure that was immediately rejected
- an epic rejection volume.
To me with these points I believe bears are still in control of this stock and until I see signs of breakout I cant tell anyone to buy. For those holding it you can hold as the structure is not broken. The price may be under pressure in next week but until the anchoring point is not broken you can hold.
Keys point to watch out on this stock:
- price breaking out of 1.320$ level
- price breaking above the pennant
- price breaking the 200MA and closing a week candle above that level.
I will keep an eye on this stock for you and get you alerted when things change. Have a good weekend and keep smashing the likes.
XTF.
$DDD.ASX this one is looking good .$DDD.ASX this one is show some interest in the Market.
3D Resources Limited (3D Resources) is a minerals explorer targeting high value commodities (gold, copper, lead, zinc and nickel) in WA and is evaluating “advanced mineral projects" that can transform the company into a mineral producer. The Company's WA projects are in the Proterozoic of the East Kimberley, and the Archaean Cosmo Newbery area, in the Eastern Goldfields.
Resent News
3D Resources (ASX:DDD) increased resources at its Adelong Goldfield in NSW, by 42 per cent to 180,600oz.
This follows the delivery of a maiden resource for the Caledonian, Donkey Hill and Currajong East deposits.
3D says all deposits remain open at depth and most along strike, which offers the potential for exploration to further expand resources.
The company notes that further historical data is under review and that modelling work has provided a clearer view to target extensions and further resource upgrades.
ASX - retest ending. Pain ahead?Australia is unlucky because it does not have a lot of tech and finance stocks to carry it forward. 25% of the market is just 4 banks. As earnings and profits dwindle and the initial retail shock due to COVID dies down into reality, expecting this to plunge one more time. Good level to watch here.
$ROO.ASX great looking chart . 3.7c on the Menu$ROO.ASX great looking chart . 3.7c on the Menu
Roots Sustainable Agricultural Technologies Ltd (ROO) is an agricultural technology company focused on is developing and commercialising disruptive, modular, cutting-edge technologies to address critical problems being faced by agriculture today, including plant climate management and the shortage of water for irrigation.
$SPT.ASX creeping up $SPT.ASX creeping up and the chart looks good however I think it is Overvalued
Splitit Payments Ltd (SPT) is a technology company providing cross-border credit-card based instalment solutions to businesses and retailers. Splitit enables merchants to offer their customers to pay for purchases in instalments.
$SHE $SHE.ASX coming off a Shell $SHE $SHE.ASX coming off a Shell
Stonehorse Energy Limited (SHE, formerly Nickelore Limited) is in exploration for gold and sulphide nickel and investment in mineral exploration and development sector. Currently company has two projects, Greever project in the oil & gas field in Texas and Burgess project in Oklahoma.
Breakout Coming Soon $XJO ASX200 We are trading inside a rising wedge.
A big breakout move is coming in the next few days/weeks.
Currently, as long as the SPX is still making new all time highs, I think we will have a small pullback towards the trendline/bottom of the wedge before breaking out to the upside.
However, it is possible that the SPX (US market) to go down after the APPLE stock split and Dow Jones Industrial rebalance.
If the US markets goes down, XJO would most likely follow.
Dow Jones Addition/Removal
#Salesforce will replace #ExxonMobil, and #Amgen will replace #Pfizer, and #Honeywell International will replace #Raytheon Technologies in the Dow Jones Industrial Average effective prior to the opening of trading on Aug. 31.