ORG - Bullish Trade PlanORG has bounced off strongly off Support with very High Volume, confirming its Bullish reversal. I expect a little correction to the downside as it looks like it is currently facing some resistance. There is also MACD Bullish Divergence on the Daily Timeframe and I expect a small correction or maybe a backtest of support near $4.20 - $4.35 zone which could give a fantastic opportunity to get long with a target towards TP1 - $5.30 and TP2 - $6.00.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Asxlong
AGL - Trade PlanAGL looks like it has broken out of its long term downtrend and is expected to head higher. The break of the Bearish trendline coupled with High Volume and huge MACD Bullish Divergence confirms that it is expected to move higher. I am bullish AGL with a target of $10.70 and it may even go much higher towards the strong Resistance level of $12.00.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SM1 - Possible Change in trend?SM1 had been falling real hard until recently the price action showing that the Bulls may have stepped in. The break of the down trendline coupled with High Volume may be a sign that there has been a possible change in trend. There is also Bullish Divergence in MACD which makes me a Bull. Any retracement lower may be a very good buying opportunity with an initial target of $3.80. I would be watching price and wait for it to get into my Buy Zone of $2.85 - $3.05.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
A2M - Has the Bearish trend changed finally?A2M had been falling in a strong downtrend until recently when it managed to break its downtrend line with very high volume. This price action suggests that the Bulls may have stepped in finally and want to take price higher. It could consolidate for a while before taking off. I am bullish A2M and targeting the recent Resistance level of $7.80 which could provide a potential 30% 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.
MEZ - Looks Bullish?MEZ has been consolidating for quite sometime now and has unable to break support. The price action suggests that it could hit the Resistance level of $5.50 (a potential 8% move) on the upside. My Stoploss will be $4.50, below the previous swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PBH - Could go higher?PBH has clearly broken its short term downtrend line with High Volume which adds confidence to my analyses that it could move higher in the upcoming sessions. My targets are mentioned below:
TP1 - $14.70 (potential 7% gain)
TP2 - $15.25 (potential 12% gain)
Stoploss - $11.80
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
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.
BKW - Bullish Flag + Ascending TriangleBKW looks a high probabilty trade here with limited down side.
Technicals - Looking for trend continuation from throw back of the ascending triangle breakout + nice confluence with bull flag.
Fundamentals - High demand this part of the cycle for building products + management whom have an outstanding track record of raising dividends will likely navigate the inflation coming through advantageously for BKW shareholders.
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.
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.
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.
Normal correction ahead for ANZANZ is moving in a 5 wave pattern and have already completed Wave 3.
Now it is heading for correction wave 4.
Once it reaches point A on the chart, we will see an bit of uptrend where it will meet point B. Post point B, it will continue its journey south
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AMPOL to DIP to 26.06 in coming daysOn a 2 hour chart, AMPOL is moving in 5 wave pattern, with Wave 3 completed as displayed on the chart.
From here it should drop to 26.06 where it will meet daily support, before bouncing up to 31-32 zone.
Expect a major drop once it reaches point 5. I will create new analysis once it is close to wave 5.
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DDR - It could be a breakout!DDR has strongly broken out of the bearish trendline with high volume and I expect price to continue higher. My target would be the next resistance level of $11.00 as TP1 and $11.50 as TP2.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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.
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.
NHC - Trade PlanNHC seems to have been forming a base since start of April 2020 and I expect that this bullish price action on the Daily Timeframe is poised to continue higher. I think that it may have much upside room to go. I would be targeting the resistance area of $2.00 with a potential gain of almost 50%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
CRO - Pullback About to Finish?CRO looks like that the current pull back has finished or very close to finish. I expect it to bounce higher. May be a bit of more bullish price action will add confirmation. MACD has given a bullish cross. My target would be the next resistance at $0.100.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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.
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.
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.