ORE - Trade PlanORE is in a strong uptrend making consecutive higher highs and higher lows. This chart looks healthy but currently the last swing high seems quite overbought as the RSI indicator is in the Overbought Zone. We could see a pullback, and if we do then I would be a buyer at a lower price. My Buy Zone is between $6.00 - $7.00, a good Support zone, and if price comes lower within this zone, I would certainly look for bullish price action to ride the next swing.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Asx200long
NEW - Trade PlanNEW is looking good on the Weekly and Monthly Chart and indicating that the long term downtrend may be over or the downward momentum may be shifting to the long side and it wants to move higher. I have a Buy Zone between $0.820 - $0.840 (previous Resistance level - now Support), where I expect price to retest. I will look for bullish price action confirmation to get long and would look to ride the swing.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CRO - Bullish Trade PlanCRO has bounced off support and has managed to close back above the trendline with high volume, indicating that the uptrend may be intact and price may swing higher. My target for this trade is $0.100 (a potential 25% gain) and my stoploss on this trade will be $0.500 which is below the 50 SMA.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ABB - Expecting a PullbackABB has shown a spectacular rally and the current swing looks like it has gotten overbought. The RSI looks quite overbought, and seems that it may be preparing for a swing lower. I expect price to swing lower to my buy zone where I would be interested to get long after bullish price action confirmation. My current buy zone is in the range of $2.90 - $3.10, which is also the previous Resistance zone (now turned potential support).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
4DX - Buying Opportunity4DX has broken its downtrend line with force and high volume, indicating a change in trend. Any retracement lower could be a very good buying opportunity. I expect price to test its support or any retracement lower could be a good opportunity to buy. My Buy Zone is between $1.500 - $1.550, where I would be monitoring price action and buy after bullish price action confirmation.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
RBL - A potential Buying OpportunityRBL has pulled back strongly in 2021 and has potentially found support at the Fibonacci 61.8% level, from where it has bounced off and currently has pulled back again towards the same level. The recent price action suggests that it is a good support level and any bullish price action may be a good sign that price may swing to the upside. I may take a long position once bullish price action is confirmed and will aim for the recent Resistance level of $4.25 as TP1 and $4.70 as TP2.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LBY - Trade PlanLBY has shown strong bullish price action by breaking the descending wedge to the upside with very high volume indicating a potential change in the downward trend. It seems that price wants to move higher now. We may be facing initial resistance now but I will be monitoring price action closely and will buy once it shows bullish price action. There is bullish divergence on the MACD which validates the bullish view. I will be targeting the recent Resistance level which is also the 23.6 Fibonacci level which is at $0.845 ( a potential 55% gain on the trade).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SPT - Trade PlanSPT has clearly broken out of its descending wedge with very high volume indicating that the downward trend may have changed. The current price action shows that price is pulling back and any bullish price action may get me involved. I would be a buyer after it prints bullish price action and I will be targeting the Resistance level of $0.850, a good potential reward of 45-50%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Australian stocks looking pretty goodAfter more than a decade of poor performance relative to other markets, the Australian stock market has clearly broken out. At least it has broken out in AUD terms, not USD terms (not yet). It's looking pretty strong and in my opinion it could continue much higher. Definitely one market that makes me have a more bullish outlook on stocks in general.
At some point it could return to 6300, but for now I can easily see it go to 10000 over the next 12-18 months.
OGC - Trade PlanOGC is in a confirmed uptrend as it has been make higher highs and higher lows. I believe that the current pull back is complete as it has bounced off the 200 SMA and looks like its preparing to move higher. MACD has aslo given bullish cross indicating that it is expected to move higher. I am targeting the Resistance point at $3.20 which could provide a 20% gain with a stop below the 200 SMA.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
VGL - Trade PlanVGL is looking strong after break of its downward sloping trendline and very high volume. It looks like it wants to move higher. I am aiming for a push to the upside at $2.70, its Resistance point which could provide a potential 20% gain.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
BVS - Trade PlanBVS looks strong after its break of the downtrend line with High Volume. The recent price action confirms that the bearish trend has come to an end. Currently it is pulling back and I have two Buy Zones where I will wait for bullish price action to take a long position. My 1st Buy Zone is near the 200SMA around $3.10 - $3.20 region and the second Buy Zone is between $2.80 - $2.95 region (trendline support). I will take a long position if it prints bullish price action in either of my two Buy Zones.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
IAG - Trade PlanIAG is currently pulling back and I expect that this pull back may provide a good buying opportunity. I will take a long position once it prints bullish price action and targeting the recent highs around $5.50. My stoploss will be below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ORG - Potential Buying OpportunityORG has pulled back and is showing support at the current support level. This could be a sign that this pullback may be over and it could potentially move higher. I am targeting the Resistance level of $5.30 with a tight stop below the swing low (potential 22% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
BET - Bullish Trade PlanBET has pulled back lower but has shown good support at the 200 SMA so far. Currently it is consolidating but i would be a buyer if it manages to hold at the current levels and show bullish price action. My target would be $1.140 level, its first Resistance level for a potential gain of 22%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AMA - Trade PlanAMA is looking strong after breaking its downward sloping trendline and now backtesting it. I expect a thrust higher towards the previous highs and a continuation to the upside towards $0.645, its previous Resistane level for a potential 20% gain.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PNR - Buying OpportunityPNR looks like it wants to move higher. It has bounced off with high volume off support. I am a buyer at current levels targeting recent highs. My TP will be $0.240 (potential 7% gain) with a stop below the lows.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PAN - Buying OpportunityPAN seems to be preparing to move up as there has been high volume recently when it bounced off its 200SMA support. I will be targeting the previous highs at $ $0.175, (potential 8-10 % gain) with a stop below the lows.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MNS - Trade PlanMNS is in an uptrend and has clearly bounced off its 200 SMA. Currently its consolidating and is taking support from the 50 SMA. I am bullish MNS with a stop below the current swing low and a target of $ 0.345 ( a potential 20$ gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
BRN - Could we see a bounce?BRN looks like it may have found support around the 200 SMA and a possibility that we could see a bounce off soon. MACD has crossed also indicating that this could be a zone where buyers could get strong and take price higher. My target on this trade would be $0.550, a potential gain of 10%) with a stop below the swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SSM - Looking StrongSSM looks like it has changed its trend and is expected to move much higher. Any pull back lower could be a very good opportunity to buy. It has broken its downtrend line with high volume indicating a change in trend. I have my buy zone between $0.880 - $0.930, where I will be looking for bullish price action to buy the dip.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
IFL - Bullish Trade PlanIFL is looking good and has been printing higher highs which is a good sign. Currently it seems that it may pull back lower to print a higher low. I expect price to retrace lower towards my Buy Zone between $3.85 - $3.95, which is previous support and also trendline support. I will be taking a long position after bullish price action in the Buy Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
TGR - Trade PlanTGR broke out of its downtrend line strongly confirming a change in trend. Currently its pulling back and is at its 61.8 Fibonacci Retracement Zone. I want to see bullish price action in this zone which would give me confidence to take a buy position and I will target the recent highs with a tight stop below the current swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
