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Asx200long

SCP - Trade PlanMy trading Bias is Bullish for SCP as Earning Report is out of the way now, and after smashing surprise positive earnings. On the technical front, SCP managed to break out of the Bearish Trendline with High Volume indicating that the Bulls are now in control and want to take the price higher. It has gotten Support right at the edge of the trendline and at the 61.8 Fib Retracement Level, and also the 200 SMA. TP - $2.50 (Potential Gain 5%) TP - $2.60 (Potential Gain 5%) Stoploss - $2.250 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SCPLong
by AsimMirzaTrader
MGR - Bullish Trade PlanMGR has bounced off from Support and the High Profile Volume Zone with High Volume, after breaking the Bearish Trendline, suggesting that the Bulls have now taken over and want to ride the price higher. MACD has also crossed with RSI coming out of the Oversold region. I belive that MGR has given a good buying opportunity. TP1 - $2.53 (potential 10% gain) TP2 - $2.73 (potential 18% gain) Stoploss - $2.10 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:MGRLong
by AsimMirzaTrader
COF - Trade PlanMy Trading Bias for CSL is Bullish because after forming a High High, it has confirmed that it is in an uptrend. The recent pullback at Fib Retracement level of 78.6% has been good support, and Bullish price Action with a break of the Bearish Trendline coupled with High Volume indicates that COF should continue to the upside. TP1 - $2.150 TP2 - $2.230 Stoploss - $1.870 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:COFLong
by AsimMirzaTrader
ABP - Will it head higher?ABP is forming a bullish pattern suggesting that Buyers are in control now and most likely ABP is expected to head higher to the previous Highs. The price has broken out of the Descending Wedge Pattern decisively with High Volume and showing Bullish Price Action. TP1 - $2.90 (Potential gain 6) TP2 - $3.00 (Potential gain 11%) Stoploss - $2.55 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ALong
by AsimMirzaTrader
1
VCX - Does it want to Move Higher?The Chart formation of VCX suggests to me that it may continue higher as it managed to bounce of decisively off the 200SMA and even managed to closed above the 50SMA and the Bearish Trendline with High Volume. I think it may go to retest the previous highs. MACD has also crossed indicating a continuation of the trend. TP1 - $1.750 (potential gain 6%) TP2 - $1.850 (potential gain12%) Stoploss - $1.450 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:VCXLong
by AsimMirzaTrader
SCG - Trade PlanMy trading Bias for SCG is Bullish as it has clearly bounced off the lows (Support), with a decisive break and close above the Bearish Trendline coupled with very High Volume . MACD has given a Bullish Cross and RSI has come out of the Oversold region. I am expecting a breakout with energy, and expecting a potential 7-8% gain. TP ~ $3.00 - $3.10 Stoploss - $2.55 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SCGLong
by AsimMirzaTrader
SCP - Trade PlanWith Earning Report out of the way now, and after smashing surprise positive earnings, SCP managed to break out of the Bearish Trendline with High Volume indicating that the Bulls are now in control and want to take the price higher. It has gotten Support right at the edge of the trendline and at the 61.8 Fib Retracement Level, and also the 200 SMA. I will be taking a Buy Position aiming for a potential 6-10% gain, targeting $2.55 - $2.60 zone and a tight Stop at $2.25. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SCPLong
by AsimMirzaTrader
A2M - Trade PlanA2M is at a very important juncture, currently at $10.20, and the market now is waiting for the announcement of its earnings report on the 25th of February. A2M has been consolidating between the range of $10.00 and $11.00 range, (50% Fib Retracement Zone) since the plunge in price. This (50% Fib Retracement Zone) is from the initial lows in May 2015, to its all time Highs of $20.00 in July 2020. This is also a High Profile Volume Zone where price is hovering currently. The market is anticipating the release of its earnings report with an estimate of $0.17 EPS, and I think that if it releases its EPS below estimate, or any negative surprise, then we may see some more pressure to the downside towards the $8.00 - $9.00 Zone (Extremely Critical Support Zone). If we see it announce higher then estimate or any good surprise, then we need to see the break of the Bearish Trendline coupled with High Volume. Price has been hugging the Bearish Trendline and has not been able to break and close above it as of yet. I want to see a decisive break of the Bearish Trendline with High Volume and a close above it, to take a Buy Position with a tight Stoploss below the 18th December, 2020 low. My Stoploss will be at $9.70, aiming for an initial target towards $12.00 - $13.00 zone, which is also a Gap Window Zone. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:A2MLong
by AsimMirzaTrader
2
IAG - Is there a Buying OpportunityIAG made its lows of $4.30 in the end of September, then it pumped up and made a High of $5.50 in the mid of November, breaking the bearish trendline, with very High Volume. This indicates that the trend may have changed, and since then it had been pulling back and formed Bullish Candles at the 78.6% Fib Retracement Level of $4.55. I think it has already made some base between $4.50 and $5.00, and aiming for a potential run towards the main Resistance Zone (Target) at $6.20 - $6.50, a potential gain of 18%. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:IAGLong
by AsimMirzaTrader