Buy NAB 37 stop at 35.50buying NAB given the price consolidation around this level. again going for a tight stop of 4%. overall market is positive and banking sector will need to support this move. NAB price action looking good just broke off 50 day MA. We could see price moving up from here to all time highs.
Potential outside week and bearish potential for TWEEntry conditions:
(i) lower share price for ASX:TWE below the level of the potential outside week noted on 20th September.
Stop loss for the trade would be:
(i) above the swing high of 19th September (i.e.: above $11.56), once the trade has activated.
Buy CBA stop 137.7Buying CBA with a stop at 137.70. share broke the all time high last week and looking to test it again. ASX at all time high level, looking very strong momentum. we could see a break out in price with high alpha if this price action continues.
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.
JIN, weekly setup, waiting for confirmationJIN update, due to a false alarm triggering on the 1H because trendline was too close.
JIN had a strong impulse move this morning 1315 to 1360, it did not BO of descending wedge, no action.
Weekly at horizontal and channel support.
Daily under the downtrend line, hourly under the downtrend line.... sorry for wasting your time 😛
PDN weekly trendline bouncePDN on the weekly bounced off $8.
Initial entry fell through 9.50 PoC and support.
Price broke daily downtrend to follow the weekly uptrend signaling a potential ranging consolidation.
On 1H, price is making inner levels, watching for a retest of 9 for entry, or a break of 11 to confirm direction.
Refer to recent wedge action on FMG, similar weekly drop followed by strong BO of wedge pattern.
ORG buy on next pullback, trend followORG is looking good on the weekly, holding trendline.
Daily shows earnings disappointment but post divs, price still held 9.50 and is now breaking past the $10 PoC set by that range.
Look for a pullback from here for long entry, partial on ATH, hold the rest for trend follow.
GEM weekly reversal longGEM shruggled off a earnings disappointment and held previous zone PoC, the weekly is breaking out of an ascending triangle, the BO level of 1.33 was breached prematurely to earnings and an inside level is forming on the daily. Moved to red flag and watching for setup.
The initial target would just be the take partial level. This could be a powerful weekly reversal, start of a trend.
DRO, intraday long entryDRO weekly positive, large overhangs at 1.5, the second largest PoC by volume, daily shows sideways consolidation and hold of 150EMA which could be a really good opportunity for an agressive entry if it's gonna touch and go, 1H is breaking out of a tight consolidation, moving into a larger channel. However, this 1H upwards channel is a retracement to the impulse move started by that weekly drop!
LOV longLOV had an earnings upset which pushed it back into it's year long range
on the weekly, there is a strong support area at 27, or the current 30 level could still hold.
if the latter, then I'm looking for a BO of range and retest for entry.
it's in a weekly uptrend, so i'm seeing this as a buy opportunity.