FCL Breakout - Watch for consolidationFCL has broken out from the downtrend, looking for a consolidation in between $2 and $2.40.
Looking out for high and tight flag with reduction in volume. Alert to be set on flag breakout
CBA Monthly hammerThis should be a warning to anyone considering buying CBA in the medium term
I'm not going to act on this but would be considering hunting for confirmed short opportunities as R:R would be high and quick..
Key Observations on Xero's Journey🔰 ASX:XRO Key Observations on Xero's Journey
1. The Big Rally: June 2018 to February 2021
Growth: Xero experienced a significant rally, climbing 243% from around $46 to $158.
Timeframe: The rally spanned 126 weeks (882 days).
Volume: Total trading volume during this period was 361.303 million.
Key Insight: This rally followed a long consolidation phase, a typical setup for strong upward momentum in stocks.
2. Support and Resistance Levels
Support Zones:
The $100–$110 range acted as a strong support level, with the stock bouncing multiple times before moving higher.
Resistance Zones:
The $171 level became a key area of resistance during its historical highs.
Key Insight: Understanding historical support and resistance levels can help identify areas where stocks may reverse or consolidate.
🔰 Lessons from Xero's Stock Performance
Patterns Repeat, But Not Predictably
Historical performance offers valuable insights but does not guarantee future results. Always focus on the bigger picture.
Volume Confirms Strength
Rising volume during rallies can be a strong signal of market confidence, while declining volume might indicate weakening momentum.
Support and Resistance Matter
Understanding key price levels can help identify potential turning points in stock movement.
Earnings Drive Volatility
Always pay attention to earnings seasons as they historically trigger significant price movements.
🔰 Conclusion: What Can We Learn?
Xero’s historical data tells a story of growth, retracement, and strong investor interest during key phases. By analysing these patterns, investors can better understand how price, volume, and market cycles interact. However, it’s crucial to remember that past performance is not a predictor of future results.
✅ Join the Discussion
What trends or insights do you observe from Xero’s historical performance? Share your thoughts in the comments below
Disc: no holding , no recommendation to buy or sell - may buy or sell without any notification , treat this post as learning only. consult with your financial advisor before taking any financial decision
Classic long Guppy GMMA and ADX #ASX #REAAnother beautiful sight to behold - the intersection of Guppy's GMMAs and ADX uniting into classic long indicators.
#ASX #REA
#MarketMonkey
#long
Finer Market Points: ASX Top 10 Momentum Stocks: 12 Nov 2024AMEX:OVT GETTEX:TYP GETTEX:AZ9 ASX:YRL PSX:POL GETTEX:VR1 ASX:NVU GETTEX:RSH ASX:WBT ASX:ATC Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Name not found (OVT) Name not found (TYP) Asian Battery Metals PLC (AZ9) Yandal Resources Limited (YRL) Polymetals Resources Ltd (POL) Vection Technologies Limited (VR1) Nanoveu Limited (NVU) Respiri Limited (RSH) Weebit Nano Limited (WBT) Altech Batteries Limited (ATC)
Finer Market Points: ASX Top 10 Momentum Stocks: 11 Nov 2024 AMEX:OVT GETTEX:TYP PSX:POL GETTEX:AZ9 ASX:YRL ASX:NVU ASX:TZN AMEX:TTT ASX:ATC ASX:ESR Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Ovanti (OVT) Name not found (TYP) Polymetals Resources Ltd (POL) Asian Battery Metals PLC (AZ9) Yandal Resources Limited (YRL) Nanoveu Limited (NVU) Terramin Australia Limited (TZN) Titomic Limited (TTT) Altech Batteries Limited (ATC) Estrella Resources Limited (ESR)
Potential outside week and bullish potential for RRLEntry conditions:
(i) higher share price for ASX:RRL above the level of the potential outside week noted on 11th October (i.e.: above the level of $2.20).
Stop loss for the trade would be:
(i) below the swing low of 9th October (i.e.: below $2.00), should the trade activate.
Potential outside week and bullish potential for RMSEntry conditions:
(i) higher share price for ASX:RMS above the level of the potential outside week noted on 30th August (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $2.20, as depicted by the blue dotted line and accompanying text on the chart).
Stop loss for the trade would be:
(i) below the swing low of 27th August (i.e.: below $2.02), should the trade activate.
Potential outside week and bullish potential for MKREntry conditions:
(i) higher share price for ASX:MKR above the level of the potential outside week noted on 4th October (i.e.: above the level of $0.043).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $0.029), should the trade activate.
ELLIOTT WAVE: CBA.ASX - 08 NOV, 2024 - BULLISHAUSTRALIAN STOCK: CBA.ASX - 08 NOV, 2024 - 1D CHART
©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
Wave ((iii))-navy of wave 5-grey continues to push higher, targeting a high around 162.19. While price must remain above 140.40 to maintain this view.
Finer Market Points: ASX Top 10 Momentum Stocks: 07 Nov 2024GETTEX:AZ9 ASX:YRL GETTEX:TYP AMEX:CDX PSX:POL GETTEX:RSH GETTEX:LIS AMEX:OVT ASX:NVU LSE:TMG Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Asian Battery Metals PLC (AZ9) Yandal Resources Limited (YRL) (TYP) CardieX Limited (CDX) Polymetals Resources Ltd (POL) Respiri Limited (RSH) Li-S Energy Limited (LIS) Name not found (OVT) Nanoveu Limited (NVU) Trigg Minerals Limited (TMG)
Hasting Technology Metals is about to go higher. Things can still go wrong, but Hasting Technology Metas HAS:ASX Looks like undervalued at the current price. Very advanced project but i think they are delaying the construction because of low Neodymium price. They might still dilute their share as the construction are still not fully funded i think.
The Chart looks really good. Looks like it has bottom, G2S compared to gold, its already above the green line.
The momentum looks good too, if the November will close above 30 i think the stock is about to rip higher or early next year.
buying idea EVN with stop at 5EVN has done well at all time high. had managed to build a good base again at this level. low value share so expecting higher volatility hence trading small than usual with a 5% stop.
overall market not helping with so much going on in US and China, risk management is the key!
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.
Buying Idea WBCWBC bouncing back from 50 day MV, with positive market sentiment could see this going back up from here. keeping a tight stop at 29.97 to see if this going to work.
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.
Lyna's - Bullish Breakout Occuring. Primed for another Leg UpLynas looking absolutely beautiful as of late. The stock has broken out of a massive downward wedge (A fair few months back now) Volume coming in nicely and the break has created some amazing looking waves to the upside.
Beautiful structure and wave development has occurred from the break, further giving confidence in this next movement/leg up.
We have a nice MACD touch/cross over occurring (very bullish) and the volume is still looking nice.
Zoomed in you can see a beautiful little triangle formed at the top of this latest consolidation area. We have a break and also a "Bump and Bounce" confirmation of the break occur.
Expecting this price to start its next leg up at this level now.
God speed and Goodluck out there Legends!
Finer Market Points: ASX Top 10 Momentum Stocks: 5 Nov 2024GETTEX:AZ9 ASX:YRL AMEX:OVT PSX:POL LSE:TMG GETTEX:TYP ASX:LRV AMEX:SPD GETTEX:LIS ASX:OAU Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Asian Battery Metals PLC (AZ9) Yandal Resources Limited (YRL) Name not found (OVT) Polymetals Resources Ltd (POL) Trigg Minerals Limited (TMG) Name not found (TYP) Larvotto Resources Limited (LRV) Southern Palladium Limited (SPD) Li-S Energy Limited (LIS) Ora Gold Limited (OAU)
Finer Market Points: ASX Top 10 Momentum Stocks: 4 Nov 2024 GETTEX:AZ9 ASX:YRL ASX:JBY LSE:TMG PSX:POL AMEX:OVT ASX:LRV ASX:OAU GETTEX:LIS ASX:B4P Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Asian Battery Metals PLC (AZ9) Yandal Resources Limited (YRL) James Bay Minerals Limited (JBY) Trigg Minerals Limited (TMG) Polymetals Resources Ltd (POL) Name not found (OVT) Larvotto Resources Limited (LRV) Ora Gold Limited (OAU) Li-S Energy Limited (LIS) Beforepay Group Limited (B4P)
Bearish potential detected for OMLEntry conditions:
(i) lower share price for ASX:OML along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $1.245.
Stop loss for the trade would be:
(i) above the resistance level from the open of 8th October (i.e.: above $1.29), or
(ii) above the resistance level from the open of 6th September (i.e.: below $1.31), depending on risk tolerance.
Broken out of downtrend, consolidating sideways, then breakoutAs in title, we're just consolidating before a breakout to the upside.
If we close above $6.15 on daily chart, we will be looking at an uptrend from there on,.
I'd be looking at entering $6.16 where i'd expect to break out, re-test and shoot up.
The Real BHP ChartAccidentally posted an FMG under a BHP chart, here is the BHP chart analysis breakdown.
Still got a pull back predicted to occur, although the chart is looking surprisingly bullshit, i am curious to see whether it will pull back to one of these zones first.
Although there is a potential for a ABC/ Double bottom pattern to have already formed here. I am still suspected a liquidity sweep to one of the below levels, followed by a bounce and Price to take off again, pending volume and worldly events. We are on the cusp of War, so, anything can happen at this point. All so, important to note, The australian materials sector has broken down and out of a very bullish upward channel, sitting on a pivot point right now. Can swing either way. Worth keeping an eye on.
All the best.
BHP - Potential Short in the InterimMorning you absolute trading legends.
What we have here is a a potenial short building up on the BHP Chart.
The Materials sector is looking rather 'weak' for the first time in the last 8-9yrs, having broken out and down out of a very strong upward channel.
That being said, its this big mining giants that are holding up the entire sector (irrespectively)
Now the pattern i am seeing here is a continuation pattern, where, depending on the location of this formation, it generally dictates where the price will go.
Now seeing as the overall chart, is looking a little bearish these days, the last massive price drop cause a bit of a sweep and resulted in a massive bounce to the upside "Every action has an opposite and equal reaction". Since that bounce, we had a nice pullback, and a bit of a triangle form (very sexy mind you) and price finally starting to behave more rationally.
Accumulation is building now and i would expect a form of 'Manipulation' to occur to the downside, doing another 'liquidity sweep', hitting either one of those 2 boxes highlighted on the chart above.
The first one closing the gap, which could result in a nice bounce. Or, and i would suspect, price to head down to the lower second box, give it a tickle, possibly form an ABC triangle pattern (Double Bottom) at/on one of those 2 boxes, then i would expect price to bounce and run off to the upside..Pending on what happens in the world.
