CGC or Costa Group Holding / Long!Everything is clear on the chart... I am going long on this one
ASX:CGC
Asxlong
HHR buying opprtunityA great support underneath along with a possible trend line break in future has made it a chance for me !
ASX:HHR
ASX200 looking to breakout? ASX200 - Intraday - We look to Buy at 6985 (stop at 6906)
6980 continues to hold back the bears. The lack of interest is a concern for bears. Preferred trade is to buy on dips. Further upside is expected.
Our profit targets will be 7157 and 7200
Resistance: 7160 / 7300 / 7630
Support: 6980 / 6800 / 6425
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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$BWP- Cup and Handle Pattern- Closed above 20, 50 and 200 MA$BWP- Cup and Handle Pattern. It closed above the 20, 50 and 200 MA looking good!
XJO Closing up above swing high trend positivesharing my view on XJO ,
previous close above , i have been sharing my view earlier
this week due to holidays sharing my brief view the trend is positive and moved above our previous swing high on weekly basis.
$AZL - Pennat set up $AZL looking a pennant set up. Looking like it could break out of this set up soon.
Rare-Earth elements - Can't ignore this 😱 - Update ASX:LYCASX:LYC
Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals primarily in Australia and Malaysia.
BRN/AUD - A prosperous 2020From a technical perspective, Brainchip Holdings (ASX:BRN) ticks all my boxes. I believe we're at an ideal buying location for both traders and investors looking to add to their position.
My reasoning:
Location: Bottom of range
Structure: Triple bottom, "W" price structure
Divergence: Huge OBV div, confirmed div in histogram, Willy div
VPVR: Currently sitting at the POC. Large hole in volume above price, approx 125% potential if price clears 0.076c
Weekly gap left @ 0.201c (marked by green line)
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TIE on the ASX is set to run higherTIE looks good on the weekly charts as buyers soak up the minor pullback above the EMAs. Expecting to see the pullback hold as a higher low and drag in more buyers in coming sessions. Watch the video for a more detailed breakdown of the price action.
Remember to take a look at www.tradethestructure.com
The ASX looks goodMonthly chart for the ASX (Australian market)
Green ovals show the clear bull rejections along the major trendline which has been recently tested and is breaking out to the upside
I have labelled the chart patterns - I am unsure however if the 'Symmetrical triangles' are really that or Rising Wedges, so take that with a grain of salt
Asx200 to challenge ATH?After reaching a new ATH in mid-August, Asx200 started to correct and found support in 7100 zone.
At this moment we are in a correction following the first leg up since the recent low and the index can continue higher to challenge the ATH.
This scenario is negated if we have a drop under 7150
$GTR- Looks like it might break out of the ascending triangle$GTR- Looks like it might break out of the ascending triangle
$AZI- Bounced off support at 0.079, Sudden spike of volume$AZI- Bounced off support at 0.079, Sudden spike of volume with no announcement. Possibly on the way to break current resistance at 0.092
$AVZ- Very close to Breakout. Possibly this coming week Lithium stocks are making a rebound after the cooldown
Z1P - Could provide a buying Opportunity!Z1P is showing signs that it has found supportt at the trendline Support coupled with High Volume. This indicates buying interest at current level of $7.00. I think that if Z1P manages to close above $7.00 which is also the POC of Volume Profile, for two more days, it could move higher towards its next Resistance level of $8.45.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
RKN - Bullish Trade PlanRKN is a stock I like because of its solid price action. Any pull back lower is a buy IMHO. I am expecting a backtest lower towards its trendline, which may provide a great buying opportunity. My Buy Zone is between $0.900 - $0.940, and would target the next Resistance level of $1.520.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CSL - Are the Bulls Entering at Support@As we can see that the Support Zone of $268.00 - $274.00 has been strong because it got bounced off in the end of July 2020, and price made a high of $320.00 then. Now that CSL was plunging, the same support has held very well and we can see the downtrend line violated, with a Bullish Candle closing above it, with High Volume.
MACD has also crossed and RSI has come out of the Oversold region, indicating that the Bullls have taken control and want to take it higher. My targets are as follows:
1. TP1 is $287.00 - $290.00 region (Resistance 1) (4% - 5% potential)
2. TP2 is $298.00 - $300.00 region (Resistance 2) (8% - 9% potential)
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$AGE- Filled the gap and a possible formation of a Darvas Box$AGE filled the gap and has bounced back from the support zone at 0.060.
$ARU- Penant BreakoutBroke out of Penant, High Risk to Reward Rati. Above 50 & 200 MA & EMA. Looking strong!
