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Asxlong

ASX approaching support, potential bounce!ASX is approaching our first support at 5668 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 6102 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support we might see a corresponding rise in price should it bounce off this level.
OANDA:AU200AUDLong
by FlowState
ASX approaching support, potential bounce! ASX is approaching our first support at 56686.6 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 6102.8 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.
OANDA:AU200AUDLong
by FlowState
$TTL potential breakout. Transcendence Technologies Limited which has a market cap of around $3.5m has recently demonstrated a clear change in attitude after an extended down trend with circa 5% of the shares on issue traded last week. The shift appears o have been instigated by the appointment of Pat Burke as NED. Mr Burke has extensive legal and corporate advisory experience having acted as a director for a large number of ASX, NASDAQ and AIM listed companies over the last 10 years, with particular legal expertise in corporate, commercial and securities law, in particular capital raisings, mergers and acquisitions. The volume traded (8.6m) over the last week was the highest since Feb and appears to have soaked out most loose stock from a tight register (53% in T20, 173.7m shares in total), the run up to 2.5c was on heavier volume with the fall back to 2.0 on very light trade. Initial target on a break is the support/resistance level at 3.0c representing a 50% move from last close with stops set at all 1.5c being the all time low. trade set up has a RR of 2
TLong
by Michaeljob
ASX approaching support, potential bounce! ASX is approaching our first support at 5577.4 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 5976.5 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is approaching support and we might see a corresponding bounce in price should it bounce off this level.
OANDA:AU200AUDLong
by FlowState
ASX testing resistance, potential drop! ASX is testing our first resistance at 5989.2 (horizontal swing high resistance, 76.4% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 5871.9 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our major resistance where a reaction off this level might be a good precursor for a potential drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:AU200AUDShort
by Tickmill