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Asx200

FPH accumulation within the zone with trendline supportKeeping it really simple here since deep research and analysis are meaningless in this market. Historically strong trendline support Accumulation within the range, on strong support Long term moving average support 200EMA MACD oversold RSI oversold Can't ask for more technicals in check. The current market is underweight healthcare as economies are reopening. Regardless, FPH is a solid company with good fundamentals(if they matter anymore)
ASX:FPHLong
by ashainp
The #steepening continuesSome thoughts on the S&P/ASX200 (XJO) for any Aussies out there. Looking at the daily chart. 1) Price and RSI trends seem to be intact currently (would take a big fall to break today). 2) MACD working on but has not confirmed a bearish divergence 3) Willy overbought 4) We are about 5% away from the 200sma. I recon this will act like a magnet to pull the XJO higher, but then once we reach it, I recon we'll see some resistance. Could that then turn to support? Only time will tell.
ASX:XJO
by ncorreia
Elliott Wave View: Rally in ASX 200 (XJO) Should ExtendAfter forming the low on 3.23.2020 low, ASX 200 (XJO) starts a new leg higher. Short term Elliott Wave chart below suggests that the rally from 3.23.2020 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low, wave ((1)) ended at 5563.6 and pullback in wave ((2)) ended at 5100.7. Index then resumes higher in wave ((3)) and shows a nest. Up from wave ((2)) low at 5100.7, wave (1) ended at 5549.1 and dips to 5169.6 ended wave (2). Wave (3) is currently in progress as another 5 waves of lesser degree. Up from wave (2) low at 5169.6, wave 1 ended at 5489.5 and dips to 5303.3 ended wave 2. Index then resumes higher in wave 3 towards 5922. Expect wave 4 pullback to find support in 3, 7, or 11 swing before the next leg higher. As far as pivot at 5300.3 low stays intact, expect the Index to extend higher. Potential minimum target for the Index is 100% – 123.6% Fibonacci extension from 3.23.2020 low towards 6268 – 6545.
ASX:XJO
by Elliottwave-Forecast
Long Term Investing - Here is a buy setup in Woolworths $WOW Once again, Woolworths is at the 200 moving average on the 2 Day chart with a buy signal activated on the MACD indicator (Top of chart). The last two times this has provided a great buying opportunity for long term investors. Could history repeat itself? I am not holding $WOW and I will wait for confirmation to add $WOW to my portfolio. For me, the confirmation is when we can break with a strong buying volume and close above the GREEN line. In contrast, when Woolworths drop and close below the purple line then this buy setup is NOT ACTIVATED.
ASX:WOWLong
by johninvest17
Here is a buy setp in TPG Telecom $TPM TPG broke out of the triangle and a confirmed double bottom. The price is above all moving averages and now acting as support. MACD, RSI and DMI are looking good as well. I went long this morning with a stop loss just below the 200-day moving average (red line) --- TPG Telecom Limited is an Australian telecommunications and IT company that specialises in consumer and business internet services as well as mobile telephone services. As of August 2015, TPG is the second largest internet service provider in Australia and is the largest mobile virtual network operator.
TLong
by johninvest17
ASX Fluff Has Pushed A Little Higher. Above ConsolidationMid week trading and the ASX has pumped a little above the consolidation fluff I wrote about for the last 28 days which is actually just good to see some movement in a direction. For strength this market needs to get up to the previous high market to have full confidence that things are changing. Aussie markets to get sucked up with USA confidence. Still dribble IMO unless a more dominant p…u…s…h.… Also watch out for the battle zone starting at R1: 5624.5 and above… 📈Support & Resistance📉* Support Levels 1st Support Zone: 5482.9 2nd Support Zone: 5283.0 3rd Support Zone: 4887.9 Resistance Levels: 1st Resistance Zone: 5624.5 2nd Resistance Zone: 5723.3 3rd Resistance Zone: 5943.8 Price Level Consideration ATH: 7208.2 All Time High Half Way Point: 3604.1 Previous High: 5568.6 Previous Low: 4392.7 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 6880.9 🐻 Bearish below: 5397.8 Monthly & Weekly Opens Monthly Open: 5520.6 Weekly Open: 5403.6
ASX:XJO
by LandenInternational
ASX Consolidation Fluff,P Action Task For The Week = A DirectionLooking for some confidence or lack of, anything really, to move this market out of this range of chop. Price at Mondays open will be APEXing, so hopefully traders can push this in a direction up or down for some clear trading sentiment. If positive during the week an upward carrell channel could form for the following weeks to respect.Taking sentiment away from the charts and to the global economy there could be down side to come as it can’t keep being prop’d up considering this recession. A direction is needed shortly and the market will show that this week…. or next :P 📈Support & Resistance📉* Support Levels 1st Support Zone: 5283.0 2nd Support Zone: 5185.5 3rd Support Zone: 21718.4 Resistance Levels: 1st Resistance Zone: 5478.2 2nd Resistance Zone: 5624.5 3rd Resistance Zone: 5943.8 Price Level Consideration ATH: 7208.2 All Time High Half Way Point: 3604.1 Previous High: 5568.6 Previous Low: 4392.7 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 6880.9 🐻 Bearish below: 5397.8 Monthly & Weekly Opens Monthly Open: 5520.6 Weekly Open: 5386.9 If P action can break above the present consolidation it would still show strength to get caught up with this previous zone…
ASX:XJO
by LandenInternational
ASX200 daily- Rising Wedge+failed to break 38.2% Fib retracemASX200 daily- Rising Wedge + Failed to break 38.2% Fib retracement. According to Thomas Bulkowski "Rising Wedges, especially for downward breakouts, are some of the worst performing chart patterns. Downward breakouts have an unacceptably high failure rate and small post breakout declines. Also, throwbacks and pullbacks occur 72% of the time." Breakout for Rising Wedges: Can be in either direction, 60% of the time downwards.
ASX:XJOShort
by platinum_growth
Short Analysis on AU200 ( ASX ) 2 timeframes / By ThinkingAntsOk Main items we can see on the 4HS chart: a) From the Historical Higher High at 7200 the price made a bearish movement and found support at 4800 b) From there we observed a bullish movement towards the Broken ascending trendlines of the previous ascending motive waves c) The structure that we can see is a Wedge Pattern doing a pullback to the previous ascending trendline d) We saw a breakout of the wedge pattern and a corrective structure next to it e) Our Forecast is that there is a major resistance zone at 5600 -5650 and we will expect a bearish movement towards 4700-4800 WEEKLY CHART:
OANDA:AU200AUD
by ThinkingAntsOk