Get started

Asx200long

Z1P - Trade PlanZ1P has been consolidating for a while at the lows and now the price action suggests that it may be preparing itself to move higher, as we can see that the Bearish Trendline has broken with High Volume. I am bullish Z1P with my trade plan mentioned below: TP - Next Resistance Level of $8.40 (potential 17% profit) Stoploss - Below the recent Swing Low at $6.20 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:ZIPLong
by AsimMirzaTrader
3
CIM - Change in TrendCIM seems it has changed its intermediate trend and is expected to move higher in the medium term. It has broken its intermediate downtrend line and shown strong price action to the upside. I think it has changed its trend but finding resistance in the current zone around $21.00. It may retrace lower towards the buy zone between $19.00 - $19.60 to give a higher low and move higher. I will be watching price action in the buy zone to target the above levels. My trade plan will be as follows: TP1 - $21.50 TP2 - $23.40 Stoploss will be below the low of this new swing. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CLong
by AsimMirzaTrader
DRR - Could be backtesting to go up.DRR has broken out of its downtrend and the recent pullback lower could be a backtest of its downtrendline. It has been consolidating and holding well at the current zone of $4.15 - $4.30, and I expect that it should continue higher from the current levels. We could see a bit more consolidation before it heads higher. MACD histogram shows that Bearish momentum may have slowed. I will be a buyer once it shows strong bullish price action. My trade plan will be as follows: TP1 - $4.77 (potential 12%) TP2 - $5.03 (potential 18%) Stoploss will be below the consolidation zone Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:DRRLong
by AsimMirzaTrader
IPL - Has it found Support?IPL has been in a nice uptrend making higher highs and higher lows. It has pulled back at the lower end of the parallel channel and showing signs of supportive price action. We may see a bounce off this support level of $2.20 - $2.35 zone for added confirmation that bulls may be taking over and take it higher. MACD is also about to cross which may be a sign that the selling pressure is coming to an end. Once bullish price action is confirmed, my target would be between $2.50 - $2.60 zone which could be a zone of resistance. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:IPLLong
by AsimMirzaTrader
OSH - Pullback in progressOSH has rallied nicely due to increase in Oil prices but now it is pulling back. It was unable to continue higher and now I am expecting it to reach my Buy Zone around $3.20, which is also trendline Support and POC of Volume profile. I shall monitor when price reaches my Buy Zone between $3.00 - $3.20, where I would take long positions after Bullish Price Action. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
OLong
by AsimMirzaTrader
FMG - Road MapFMG had been in a very nice uptrend in 2020, but the recent price action of Lower Highs and Lower Lows suggest that the trend may have weakened and it may find resistance between $24.00 and $25.00 level, and head lower. I think we may see a decent retracement lower ideally between the 50% and 61.8% Fib Retracement, between $14.00 and $15.50. I would be cautious at the current levels and wait for a pullback to enter a buy position. Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:FMGShort
by AsimMirzaTrader
1
ASX/200 - NOW IS THE TIME TO BUY AUSTRALIA'S STOCK MARKET INDEX Fundamentals Now is the best time to buy Australia's stock market index, as Australian companies exporting commodities to the rest of the world during the recent commodity boom, is pushing up the share prices of the biggest mining companies within the country and pushing up the index!!! Mining companies are seeing their share prices rise due to the booming commodity demand from the re-opening of the global economy as the vaccination rollout is pushed forward, alongside the commodity and precious metals demand for the transition into clean energy. Commodities Australia’s commodity export economy is reliant on export demand, especially from China. Therefore with strong global economic growth expectations from fiscal and monetary stimulus, Demand will be strong for Australian exporters, along with Domestic growth, supporting Australian equities. Key Economic Data To Watch Chinese & U.S Manufacturing PMI Correlation - S&P500 & ASX/200 Historically move closely together. Technicals A breakout above the recent high 7175 would be another opportunity to enter a long buy position. Risk Management ATR Volatility Stop Loss: 13.00% Risk/Reward Ratio | 3:1 Stop Loss Area: 6188 (925points) Take Profit: 9301 (2,191points)
ASX:XJOLong
by KayansMarkets
2
SYD Airport to Land soonIts been quite a challenging time for Sydney for quite some time and good days isn't near anytime soon. Going by the chart, looks like SYD will dip more to around 5.35 level before bouncing up again. Also all EMA's are above the price line which is a bearish sign. Would be interested to see how long will SYD take to Take off. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
SShort
by Manjyot
TNE - Pullback in Progress?TNE - A good looking and up trending chart with Higher Highs and Higher Lows is in the process of a pull back! The question is that where should the pull back end for a possible buy entry. My expectation is that it may continue further down, possibly towards the Buy Zone between $8.10 - $8.40, where there is trendline support and 78.6% Fib Retracement. The second scenario could be a break and close out of the bearish trendline coupled with high volume for a possible buy entry. I will monitor price action keeping both the possible scenarios in consideration for a potential buy entry. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:TNELong
by AsimMirzaTrader
RZI - Road MapRZI has given an incredible run to the upside in 2021 so far, and now that its in the process of pulling back, we may have a good buying opportunity soon. Its recent pull back seems incomplete, and I am anticipating it to reach my Buy Zone and the trendline Support where I would be waiting to buy once bullish price action confirms. The zone where I expect the upward swing to start is between $1.080 - $1.140, and I will see how it reacts in the specified Zone and if the Bulls succeed in taking control. I will be targeting the previous highs or atleast previous resistance (potential 50% gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
RLong
by AsimMirzaTrader
3
IRE - Possible Breakout!IRE seems to be breaking out of the descending triangle with High Volume, suggesting it may be ready to go higher. We also have a Bullish Cross on the MACD and it seems that this could move higher with force. My target for this trade will be the next resistance level of $10.90, which could be a potential 6.00% gain and TP@ at $11.25 giving a potential gain of 10%. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:IRELong
by AsimMirzaTrader
Z1P - Could provide a buying Opportunity!Z1P has bounced off Trendline Support with good volume and clearly showing bullish price action. It seems that Z1P should continue its swing to the upside. My target on this trade will be the resistance level of $8.90, which could potentially give a 20% gain. My stop on this trade will be below the swing low at $6.20. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:ZIPLong
by AsimMirzaTrader
2
KLA - Waiting for a RetracementKLA has clearly bounced off strongly off the strong support and has moved higher confirming the change in trend. it seems that it is facing some resistance and may give a retracement lower for a buying opportunity. I expect it to retrace in my buy zone between $47.50 - $50.00, where I shall buy after bullish price action. My target would be the resistance zone around $63.75 and a stoploss below the last swing low at $40.50. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
KLong
by AsimMirzaTrader
CGF - Another Buying OpportunityCGF has pulled back as anticipated, and is expected to give another buying opportunity. The recent pullback seems incomplete though and may be it has a little more room to the downside before turning up. I have two scenarios: Scenario 1 - Can go higher after forming a base and shows bullish price action Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $4.40 - $4.70. In both the above scenarios, my target is the same targeting the previous highs, atleast towards $6.75 (potential 40% gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CGFLong
by AsimMirzaTrader
CTD - Bullish Trade PlanCTD has given an anticipated pullback lower, but the question is that, is the upside swing ready or it may go a bit lower to give a buying opportunity? I have two scenarios: Scenario 1 - Can go higher after the recent bullish bounce i.e it may march higher. Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $15.00 - $15.60. In both the above scenarios, my target is the same as this could be a B wave. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CTDLong
by AsimMirzaTrader
LLC - Another great Buying OpportunityLLC may be getting ready for a another buying opportunity. The current pullback is a retracement of the trend. It seems that Price is forming a base right at the edge of the channel. A close above the trendline (tentatively $12.15) could be a bullish sign and I would be a buyer . My trade plan for this trade is as follows: TP1 - (potential gain 10%) TP2 - (potential gain 20%) Stoploss - 11.60 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
ASX:LLCLong
by AsimMirzaTrader