KLA - Looks like that the medium term trend has changedBearish trend confirmation indications:
1. Formed a double top on the Weekly and Monthly charts
2. It is coming down in a stair step fashion, making lower highs and lower lows on the Daily Chart
3. The bullish trend has been running since a long time, but the monthly candle for November
was a big red engulfing candle, and a bearish closing near the lows.
4. Seems that the Bulls have exhausted.
There might be two scenarios in the near future.
Scenario 1.
Price might go up to Resistance Zone of ~$63.00 - ~$66.00, and then fall.
Scenario 2.
Price might consolidate within ~$53.00 - ~$57.00 and shall break the Support of $ 53.00 and close below.
In either case, I think that the Bulls have got weak at the current levels, and buying is Risky now. I am expecting price to fall below Support of $53.00 and would be looking to buy at Strong Support Zone (at or close to $39.00 - $41.00) after confirmation of Bullish Price Action. The Support Zone of $39.00 - $41.00 has been strong in the past as well, so it might be a very good buying opportunity when it reaches the Support Zone.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
Asx200short
EVT - Presenting good buying opportunity between $9.40 and $8.75EVT is expected to provide a good buying opportunity between $9.40 and $8.75. It has proven that it is now in an uptrend and the bullish confirmation indications are:
1. It has been printing higher highs and higher lows
2. it had formed a golden cross which is bullish
3. The recent swing to $11.50 was very impulsive
Since it has hit the Resistance level of $11.50, it has been forming bearish candles, which suggests now there is selling pressure and it may pull back. I think it will present a very good buying opportunity. I think it may pull back to its 50% Fibonacci Retracement level and there is also a gap window in the Buy Zone, between $9.40 and $8.75. which is a confluence.
Please note these are my own notes for future reference, by no means trading advice to anyone. Please do your own research before entering into any trade
WHC - Ultimate Buying OpportunityBullish Confirmation Indications
1. WHC has broken out of the long term downward trendline with High Volume
2. Price Action have been impulsive which indicates that Bulls are in control.
I am a confident buyer between $1.285 - $1.175 Buy Zone which can give potentially a 70 % gain.
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.
SHL - Bearish Trend ConfirmationSHL - Bearish Trend Confirmation Indications:
1. The trend has got weak on the Weekly and Monthly with Bearish Engulfing Candles
2. The price has broken the trendline which is confirmation of a bearish trend
3. The down move was a powerful and impulsive wave
I expect price to retrace on the upside, and I expect price to get weak at or near (Resistance 1 ~ $34.85 level) or (Resistance 2 ~ $36.75 level), where sellers may attempt to dump the stock and form a Lower High. I expect price to get dumped from either of the Resistance Levels. I believe that buying now is Risky. The ideal level and extremely Strong Support Zone is between ~ $26.50 - ~ $27.30, but it is not necessary that price may drop all the way down to these levels. There may be little swings on the way down but will have to see where SHL finds strong support. I would be a confident buyer at that strong support level for a long term position.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Seems that the medium term trend has changed.Bearish trend confirmation indications:
1. Formed a double top and broke the trendline.
2. It has made a swing low of $12.18 and consolidating near the Support Zone.
3. The bullish trend has been running since a long time, but the monthly candle for November
was a big red engulfing candle, and a bearish closing near the lows.
4. Seems that the Bulls have exhausted.
There might be two scenarios in the near future.
Scenario 1.
Price might go up and backtest the broken trendline and Resistance, and then fall.
Scenario 2.
Price might consolidate and will break the Support of $ 12.18 and close below.
In either case, I think that the Bulls have got weak at the current levels, and buying is Risky now. I am expecting price to fall below Support of $12.18 and would be looking to buy at Support 2 (at or close to $8.00 - $9.00) after confirmation of Bullish Price Action. The Support 2 area of $8.00 - $9.00 has been strong in the past as well, so it might be a good buying opportunity when it reaches the Support 2 Zone.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
A2M - Bearish Trend ContinuationBearish Trend Continuation Indications:
1. Bullish Trendline is broken
2. Has been consolidating below the trendline since ten trading sessions.
3. Unable to break above the trendline and close.
4. It did try to move up but was unable to sustain above once, and then fell below.
Scenario 1.
I would be comfortable to buy once it reaches the Buy Zone between $11.22 and $11.95 and shows Bullish Price Action.
Scenario 2.
I would buy when it closes above the swing high trendline for atleast two consecutive days to show that Bulls have regained control.
P.S. My target would be $20.00 level (Previous Resistance), which would be 60% gain.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Wait for Ultimate buying opportunity at $20.50 rangeLooks like it is still in pressure, making lower lows and making lower highs, continuing it's down trend.
Next support is around $25.08 range, if breaks then $21.50 is pretty storng support, presenting good buying opportunity.
If this scenario realizes then followign should be Take Profits:
1. TP-1: $25.00 ~ (20% profit approximately)
2. TP-2: $29.90 ~ (19% profit approximately)
3. TP-3: $31.70 ~ (5% profit approximately)
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.
SYD - Waiting for an ultimate Buying OpportunitySydney Airport - SYD had been hit really hard during the pandemic, and recently the price rocketed from the lows and have made a higher high, confirming that it has made a bottom. The recent price action suggests that it is having a hard time to continue to the upside because of the resistance which it has hit and formed a big rejection candle as a result, and no bullish follow through. It seems that it is going to roll over.
1. It has printed a higher high
2. It has made a Golden Cross
3. Current price action indicates it is finding resistance between $6.95 and $6.55 , and may give a retracement.
4. The price is unable to close above $6.95, (its previous Resistance level), and forming red candles and bearish closing,
which indicates Selling pressure.
5. I believe it's going to give a good buying opportunity at $6.00 - $6.30 range.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
QAN - Nothing goes up in a straight line - Buying Opportunity QAN - another stock to suffer during the pandemic, but recent price action has confirmed a reversal by rocketing upwards and forming a higher high.
1. Price has formed a higher high
2. It has formed a Golden Cross
3. Recent sessions' price action, (Bearish Candles) indicates a pullback
4. I will be confident to buy in the $4.97 - $4.49 region (Buy Zone) as it is the 50% Fib Retracement Zone.
5. There is a gap window between 4.95 - $4.68 region (another confluence of Support)
6. There is a trendline support in the same region which is the third confluence.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AIZ - Buying OpportunityAIZ had been dumped hard during the year due to COVID 19, but as it has shown great strength and have pumped up recently, and it is evident that it is struggling to go higher, but is facing resistance at 1.875 9previous resistance level).
1. Clear impulsive move up
2. It has formed a golden cross
3. Impulsive price action with high volume
4. I will be confident to buy in the $1.525 - $1.415 region (Buy Zone) as it is the 50% - 61.8% Fib Retracement Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
OSH - A great buying opportunityThe price action has strongly pumped to the upside and printed a higher high, meaning strong bullish action. It is currently facing resistance in the $4.05 - $3.85 region, (previous resistance) printing bearish candles. Therefore it is expected to retrace and give a pullback for another buying opportunity.
1. Impulsive move to the upside with a higher high
2. Golden Cross in development
3. I will wait for price to pull back to $3.20 - $3.00 region (Buy Zone)
4. The Buy Zone is also a High Volume zone
5. There is also a gap window 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.
Down Trend Confirmation, Next Buying Opportunity $4.65 ZoneBearish trend confirmation indications:
1. Formed Head & Shoulders and breaking the neck line
2. From last 6 weeks consolidating below the neck line, which make a zone of 6.75 - 4.75 which is a "NO TRADE ZONE" for us, we let Bulls & Bears decide.
3. Closing below the high volume price range that is $6.06
4. Next major support is at 4.65 range, which can be a good buying opportunity.
5. After 4.65 next major support is at 3.76, which can be a significant support and Best Buy zone.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX200 Short term Setup.ASX200 - Short term -
We look to Sell at 6115 (stop at 6141)
MACD is on a edge of a sell signal.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. 6120 continues to hold back the bears.
Bespoke resistance is located at 6120.
A higher correction is expected.
We expect prices to stall close to our bespoke level (6120).
Our profit targets will be 6032 and 6004
Resistance: 6100 / 6120 / 6140
Support: 6070 / 6030 / 5990
FMG simple technical analysisASX:FMG Great company quite bullish pattern. PT marked on the chart
Good luck mates, don't miss the train!
My Bearish view of ASX200 and When to enter for the Long Term.For those that use the "Fib Speed Resistance Fan", our XJO hit 0.25 and retraced.
Could we retrace back to the 0.382 in the coming days/weeks?
Also, I wish I have found this earlier!! This has correctly forecasted the support line during the March lows.
Furthermore, a good entry point for investing in the long term is when the " William R" is below the yellow and is rising from the bottom.
The last three times this has picked the bottom!
I will be watching these indicators at the next sell-off.
Bear Flag Break DownBear Flag break down.
Parabolic Sar of this dead cat bounce has flipped to sell.
Momentum on Stoch RSI flipped downwards.
SELL.
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 :)
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..
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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Estimated shorts, stop losses for ASX200 Estimated shorts, stop losses for ASX200 based on a repeated market sell off, precipitated by the global markets selling off during a long-term US-China trade war, widening as tensions rise.
