$XRO:ASX - XERO LIMITED - Up 115% for the yearXERO has been a great little runner over the last 12 months on the ASX and starting to look like challenging the $90 mark and then onto $100 with any luck. RSI still indicates plenty of value left and it is such an embedded finance / accounting system across most small businesses in Australia that it could well be worth a look.
Xero Ltd. engages in providing online business solutions for small businesses and their advisors. The company founded by Rodney Kenneth Drury and Hamish Edwards on July 6, 2006 and is headquartered in Wellington, New Zealand.
Finance
EURJPY H4 - Long Trade SetupEURJPY H4 - Clear consolidation (pennant) seen here on EJ. Nice strong rally with minor pullbacks from 120.300 to 124.300, now starting to see some accumulation/consolidation, gearing up for the next breakout. Bullish pennant, typically expect a bullish breakout. Generally seen as a continuation pattern, but if you wait for the break and retest, you're able to trade either way.
$WZR: Fintech hype+ Solid uptrendFA,
- FinTech Revolution (WZR left behind while the punters bet on BNPL)
- Loan origination spikes 48% in June 2020. Consistent uptrend
- Wisr Ecosystem up 52%
- 42.4 Million in Cash
- Great vision: Improve financial wellness in Australians.
- Strong support from NAB
- Good management team including CEO Anthony Nantes
- Cool name and logo ( It’s vital for long term success, Ask Peter Lynch)
TA,
- 5EMA and 10EMA above 150EMA
- Bottom trendline of Strong uptrend
- Ascending triangle( WZR has historically broken out higher from ascending triangles)
- Volume consolidation
- Strong monthly level support(white)
- RSI not overbought (RSI<50)
Give me Green my Lord !Well a lord will help when you set your theory practice right. In the above analysis the pink box was support cum resistance which seems to have become a weak resistance point and can be a point of breakout spurt. Do check the volume for confirmation with price action
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Zillow Group $Z$Z is very close to the pivot has been trying to break since 2018. watch for a breakout $66.44 with high volume.
12 months Consensus Price Target: $62
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CADCHF H4 - Short Trade SetupCADCHF H4 - Broken the support zone on that previous closed H4. Retests due for entries short. Descending triangle and retest of S/R so two possibly short entry points, the initial parameters marked with entry, stoploss and take profit should seem most likely, given the fact 0.69200 is now a region of supply.
Gold H1 - Long Trade SetupGold H1 - Absolutely flying without any real retest of that 1785 number! Sitting 300 pips above that previous resistance without any real pullback. Saying that, we haven't even really had a retest of 2012 highs at 1795. Just want to keep following this pair and seeing if we keep breaking the new high levels.