PME Long technical analysis PT $40ASX:PME Price target is shown on the chart, extremely bullish during the pandemic.
Good luck mates, don't miss the train!
Asx200long
ASX200 Trend ContinuationLooking for a entry approx 5960-6000
Strong Trend, Looking to for a continuation.
Daily RSI Oversold with 200MA just around the corner with a hidden divergence on RSI between ATH and current price level
4H RSi currently at 50% but would like to reach below 30% which will give a hidden divergence between previous price points.
Major support level with a strong channel
MA200 as channel's last line of defence. Needs to break internal trendline first.
Target 6250
Bigger picture ASX200The asx200 can be seen to be mirroring its entry into the world
With a gap between .786 and .618 in both cases, this is a bullish view
ASX Idea :)Idea for ASX
Multiple ascending scallops
using fibonacci spiral for a support which is also a .236 retracement from the top formed
I've made a few ASX ideas lately but i'm Australian so i feel it suits.
This is a very long term chart!
ASX Fib Circle and Ascending ScallopShowing the potential bearishness is an ascending scallop
The leg of the scallop has been extended so far that momentum has decreased and bearish momentum has been engaged
I am very bearish on Australian stocks.
First time using fib circles :)
Descending wedge with indicator divergenceDescending wedge on H4 with divergence across all indicators. Could be primed for a little bull run.
ASX bull trapLikely close below the 200MA on the weekly chart will lead to further downsides as the alligator indicator opens up bearishly. Also currently sitting under the ichimoku cloud, providing a resistance. We could be on the brink (early stages) of a recession.
ASX IdeaPotential short opportunity, can be seen to be hanging under the resistance line, with an immediate death cross on the daily chart in play, these are usually more effective on the weekly chart but we will see how it plays out. Aussies spending too much money on toilet paper..
The XJO Corrections are Quicker, as Interest Rates head to ZeroAs interest rates head to zero the bounce backs from corrections are getting quicker.
XJO is in a 10 year uptrend channel since the GFC and the first correction in 10/11 from top of channel to bottom was approx 426 days at 23%, the second correction in 15/16 from top to bottom was approx 285 days at 21%, the next major correction in late 18 ( wasnt from top to bottom of channel) lasted approx 104 days at 15%. Current donwtrend has started from top of channel. As interest rates get lower from 5% to 0.5% the corrections seem to be less time.
Higher Probability we bounce off the 61.8 fib level or bottom of channel.
ASX:APT STRONG Long Hello my dear
You can find all details on the chart above.
ASX:APT
Entry: 28 - 28.5
Targets:
First : 36.4
Second: 46.4
Stop: 25
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ASX approaching support, potential bounce! ASX is approaching our first support at 5807 (61.8% fibonacci extension, 23.6% fibonacci retracement, horizontal pullback support) and a strong bounce might occur below this level pushing price up to our major resistance at 5928(61.8% fibonacci retracement, horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
ASX approaching resistance, potential drop! ASX is approaching our first resistance at 5838 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 5601 (50% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
SHORT ASX approaching resistance, potential drop!ASX is approaching our first resistance at 5788 (100% fibonacci extension , 50% fibonacci retracement , horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 5389 (100% fibonacci extension , 76.4% fibonacci retracement , horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
ASX approaching resistance, potential drop!ASX is approaching our first resistance at 5788 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 5389 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
ASX approaching support, potential bounce! ASX is approaching our first support at 5314 (100% fibonacci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 5695 (100% fibonacci extension, 38.2% fibonacci retracement, horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ASX approaching support, potential bounce! ASX is approaching our first support at 5516 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension , 50% fibonacci retracement, Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
ASX Bounced Off Support, Potential For Further Rise!ASX is approaching our first support level at 5516 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance ).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
ASX approaching support, potential bounce! ASX is approaching our first support at 5520 (61.8% fibonacci extension, 50% fibonacci retracement, Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension, 50% fibonacci retracement, Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
ASX approaching support, potential bounce!ASX is approaching our first support at 5546 (61.8% fibonacci extension , 50% fibonacci retracement , Horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 5950 (100% Fibonacci extension , 50% fibonacci retracement , Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
