Asx200
TWE - Is it ready to breakout?Ascending triangle formation in the TWE chart. High probabilty trade on the back of the market anticipating a positive close out of their class action dispute and potential market tailwinds with lockdowns easing. Waiting for the break out with bullish candle confirmation.
$MAH $MAH.ASX that Volume trying to say something$MAH $MAH.ASX that Volume
Macmahon Holdings Limited (MAH) is an Australian company providing mining services to clients throughout Australia, New Zealand, South East Asia and Africa. Mining services range from mine development to materials delivery, design, construction and on-site services for mining companies, across a variety of base and precious metals and commodities. MAH provides surface mining, underground mining, engineering, and plant and maintenance.
ASX about to dropisn't it funny when data comes out while technicals provide same story at the same time.
Job numbers came out today and the market didn't like it while hitting the 200 day moving average as resistance
This is the 3rd time since june the ASX has been weighing down by the 200 day MA.
The following time frames show similiar structure
2, 3 days
The 5 day (1week) shows we have popped over it, but will see tomorrow 1 and 2 hour showing still more downtrend.
XJO aka ASX200 attempting to break the 200MA XJO aka ASX200 is trying to reach one milestone that has been thing of the past since the last plunge in early March 2020. is it gonna succeed and fly higher to the moon or this is gonna be a rejection and send us back to the abyss. As TA lets dive deep into the charts and analyze.
From last few days XJO has come up with strength trying to defy the bears traps that wanted to push down down into the abyss. But at the moment the price is at a critical point: 200MA which has been historically the separation line between bull and bear market. Does XJO has strength to break that magic line and go up towards the 7k levels? I have been keeping an eye on this index to know the directions of the whole Australia stock market as we know it. Below are the highlight of the bulls strength vs Bears strength:
- 50MA acting as support: we saw last time price bounced on this magic line
- PSAR flipped to the upside which is inherently bullish
- Price above the Golden Fibonacci. Hopefully it will act as support
- Price above historic resistance/support at 5969
- Price attempting to break 200MA this is bullish if and only if the price rips up that 200MA.
- Bears have one point too, the uptrend line has been broken few days back and it may be hard to reclaim it probably we will have to draw a new uptrend line.
For those late to the party and who want to go long better wait for the price to close above the 200MA at least 1 day then try to get in with tight stop loss.
I will keep you informed as this market keeps swinging up and down.
Stay safe and dont forget to smash the liked. I am scanning the market for the next stock of the week as I have been giving you the best of the bests so far.
XTF.
sit tight & get ready to ride upi think currently market is trying to consolidate and soon it will resume up trend and bulls will take control of market, because:
1. price is continuously above 200 days moving average.
2. during last three weeks for 5 days price gone above 50 days moving average.
3. most of the volume is in the range of $70.80 - $72.20 range which is above 200 days moving average and pretty close to 50 days moving average.
4. based on last one year volume price comparison next targets should be:
4.1. $77.00 - $78.50 range
4.2. $78.50 - 80.00 range
I think we are not to far from upwars breakout.
if you like my ideas please give me thumbs up or leave comments. i think not may people are sharing their idea on this asset. i would really appreicate and incouraging if you consider donating some Tradingview coins.
P.S: These are my own notes for future refernce, by no means trading advise to anyone. please do your own research before entring into any trade.
Prive Volume Analysis - $77 - $78.50 range is possibleif we have price /volume comparison, it's pretty obvious that market likes the price between following ranges based on volume:
1. 67-69 range
2. 70 - 71 range (current range)
3. 70 - 72 range
based on last one year data,I think 77 to 78.50 range is actually where more trades took place than 70 - 72 range.
given this scenario, I think if we get some decent volume and some good news price will easily touch 77 - 78.50 range.
I am still pretty bullish on this asset, as it's holding it's position very well.
p.s: please note these are my own notes and by no means trading advise to anyone. please do your own research before entering into any trade.
Room for Aussie shares to catch up after RBAThe RBA will restart buying Australia bonds as of tomorrow. With new curfew rules keep virus under bay in Melbourne - could be enough....
$NAC $NAC.ASX heading up to fill the Gap$NAC $NAC.ASX
it appears that it is heading up to fill the Gap at $0.970c
The trend is your friend, Go long until this breaks. It did $XJOWe closed below the trend line last week,
can we get above it this week???
If we fail to do so, more selling will come and this could go for several days or weeks.
The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893)
it will trigger a sell signal with the TD sequential indicator.
Furthermore, the MACD indicator is about to fire a sell signal...
Therefore, be careful trading this week.
Maybe, it is a good time to take some profits ...
$MTH $MTH.ASX getting close to Break out$MTH $MTH.ASX getting close to Break out. it may consolidate but that is not always the case as gold is buliding some momentum.
Mithril Resouces Limited (MTH) is an Australian resources company carrying out exploration of mineral tenements throughout Western Australia for economic zinc, nickel, copper, and vanadium deposits, seeking extensions of areas held and to seek out new areas with mineral potential.
Target 1: around 0.032c - 0.036c however has more room to push up
MC: 41.6158 Mil
$EUC $EUC.asx looks like is going to break out soon$EUC $EUC.asx looks like is going to break out soon
$WAF $WAF.ASX 4 hours chart look like wants to push higher$WAF $WAF.ASX 4 hours chart is look like wants to push higher
West African Resources Ltd
Exploration for gold in Burkina Faso .
Number of shares 871,128,852
Elliott Wave in a chopping situationI think I can see Elliott Wave pattern but not sure how it's going to happen in current market situation.
I think the trend is still upwards (which is great) but for next few days price will swing between support & resistance 72.300 and 74.50.
since today's run was reasonably good after 5 days of price correction.
I would be keeping an eye on tomorrow's market situation especially how it opens and closes.
I think we should expect next bull run soon.
WES | Price Discovery | Key Level | 21 EMA Visual Guide Today's analysis – WES – Consolidating below ATH resistance as the 21EMA coils price into its APEX.
Points to consider:
- Strong trend
- Key level (apex)
- Price discovery (blue-sky breakout)
- 21 EMA visual guide
- Oscillators above 50
WES trading in a clean and strong uptrend finding resistance upon retest of its all-time high.
Price is trading at a key level as support (21 EMA) and resistance converge, a break in either direction is imminent.
A rejection at the resistance level, price is likely to retrace to daily support.
Price breaking bullish will induce new all-time highs for WES as it enters price discovery mode.
Further price development will allow the 21 EMA to act as a visual guide assisting to determine the immediate direction of the market. Price trading above the EMA perceived bullish and below considered bearish.
RSI and stochastics trading above 50 validates strength and momentum in the immediate market; oscillators need to range above 50 to maintain the bullish bias.
Overall, in my opinion, a successful S/R flip retest of the current resistance level validates a long trade, utilising the 21 EMA to assist in trade management and defining risk.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
good support at 72.300As I noted in my previous idea, that it's going to get support at 72.300, which it is getting at the moment.
As it can seen in hourly chart. At this point it is still in upwards channel but it it falls below support level it can possibly fall below the up trend channel and come down below 72.00. with current market sentiment it's bit difficult to decide to make a trade. I think I will wait see see how it looks like at market closing.
Please note these are my own notes for my reference and by no means trading advise to anyone. please do your own research before entering into any trade.
$KZA $KZA.ASX has more room to push higher $KZA $KZA.ASX has more room to push higher
KAZIA THERAPEUTICS LIMITED details
Kazia Therapeutics partners with the world¿¿¿s leading researchers and drug developers to bring forward a diversified portfolio of new cancer therapies.
Number of shares 94,598,369
Wait for entry position at $73.00looks like at the moment the price is between support and resistance.
the overall trend is positive getting support from MA50&200 which is positive sign.
I will wait for entry around 73.00 - 72.50, apparently looks like market is going to close around 73.500.
these are my own notes, by no means advise to anyone. please do your own research before entering into any trade.
$SRK $SRK.ASX inverse Head & Shoulder pointing higher prices$SRK $SRK.ASX inverse Head & Shoulder pointing higher prices
$NAC $NAC.ASX at resistance $NAC $NAC.ASX at resistance
NAOS EX-50 OPPORTUNITIES COMPANY LIMITED
Number of shares 47,181,404
