FFM -- ASX – Breakout Consolidation in Focus
📝 Description
Firefly Metals is setting up a classic breakout continuation scenario after reclaiming the $1.00 psychological level and breaking the long-term trendline resistance.
🔹 Key Observations:
• Trendline Break: The descending trendline from the prior high was decisively breached, signaling
Bearish potential detected for SUNEntry conditions:
(i) lower share price for ASX:SUN along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $20.46 (open of 19th May).
Stop loss for the trade would be:
(i) above the potential prior resistance of $21.36
RZI Bullish BreakoutThe price is currently testing resistance around 0.63, after rising from 0.575. The volume profile indicates high activity around 0.58-0.62, showing strong interest.
The EMAs reflect a bullish shift, with the 20 EMA approaching a crossover above the 50 EMA.
After a period of squeeze inside the tri
See all popular ideas
Community trends
Hotlists
Stock collections
All stocksTop gainersBiggest losersLarge-capSmall-capLargest employersHigh-dividendHighest net incomeHighest cashHighest profit per employeeHighest revenue per employeeMost activeUnusual volumeMost volatileHigh betaBest performingHighest revenueMost expensivePenny stocksOverboughtOversoldAll-time highAll-time low52-week high52-week lowSee all
Sector 10 matches | Today | 1 week | 1 month | 6 months | Year to date | 1 year | 5 years | 10 years |
---|---|---|---|---|---|---|---|---|
Finance | ||||||||
Non-Energy Minerals | ||||||||
Health Technology | ||||||||
Retail Trade | ||||||||
Technology Services | ||||||||
Energy Minerals | ||||||||
Transportation | ||||||||
Commercial Services | ||||||||
Consumer Services | ||||||||
Communications |