MEK Meeka Metals - beginning of correctionMEK should start to put in a LHHL and correct entire move down to the golden pocket. Public Participation will commence after this.
Bullish on ARU Nice Long op here.
Price jumped up to 0.275 on news of government intervention back in March 24. Retail traders jumped in longs expecting price to surge. Institutions have then pushed the price back down to the previous low at 0.115 and stopped out all retail traders before we get the real move up.
I've jumped in around 0.125 looking for price to get back up to the first liquidity zone at 0.28. Will see how price reacts there.
Happy trading!
Potential key reversal bottom detected for NHCAwait signals for entry such as DMI/ADX and/or RSI swing to the bullish direction.
Stop loss for the trade involving ASX:NHC (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 14th March (i.e.: any trade below $3.64).
Gowing lower. Short to gap fill.Meteoric is likely to go lower and drop to 0.016 to 0.017 to gap fill from December 2022. Then we may see a significant move higher. This is not investment advice. DYOR.
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 31st January (i.e.: above the level of $2.48).
Stop loss for the trade would be:
(i) below the low of the outside week on 28th January (i.e.: below $2.26), should the trade activate.
Bearish potential detected for CWYEntry conditions:
(i) lower share price for ASX:CWY 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 $2.55.
Stop loss for the trade would be:
(i) above the resistance level from the open of 7th January (i.e.: above $2.64).
NAB Monthly Long term structureElliotticians, don't crucify me... I'm no expert in EW theory!
But I believe we are seeing a super high level double or triple three pattern emerging in NAB
Long term it appears that NAB was in a trending pattern till 2009
Currently we are in a long term corrective phase, which consists of large Flat corrections and zigzags or triangles
Overall we just completed a large Flat 3-3-5 wave pattern and likely to see a fall into an ABC correction (zigzag) to start a new corrective phase or possibly create a large long term triangle
What this suggests is that this is in a large ranging pattern... so trading in and selling out at long term resistances would be the smart play until such time as the longer term structure becomes clear and builds a completed base to start a trending move outside of this structure
Ranging markets chew up time to create the base for the next long term trend and in this case we are likely to see the range continue until we see some completed structure
Some beginners sometimes do not understand ranging markets as they are harder to understand than trends... but if you get the overall grasp of them you can differentiate the difference between a real buying opportunity that have completed ranging structures within it and a short term buying opportunity and position yourself accordingly
I've posted a few on the ASX over the years and each time the moves out of these tend to be strong and persistent
CBAPossible Short‐Term Pullback:
If the correction continues, the 1.618 extension (around ~125–126) is a natural technical area to watch for potential support
**NOT financial advice. Always combine technicals with broader market conditions, fundamentals, and your own strategy.)
Shor CBA at 144. Target 130 . Stop 147. CBA has already qualified for putting in a double top with a divergent RSI on the daily.
I would like to short here at $144 with a target of $130 and a stop of $147.
(Risk reward is about 4.5 to 1)
Thanks
Kavi
Finer Market Points: ASX Top 10 Momentum Stocks: 13 Mar 2025XETR:FRS MIL:EGN AMEX:CVR ASX:NC6 GETTEX:WOA NYSE:BNL EURONEXT:EGR LSE:SPA NYSE:BSX ASX:NSM 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: Forrestania Resources Limited (FRS) Engenco Limited (EGN) Cavalier Resources Limited (CVR) Nanollose Limited (NC6) Wide Open Agriculture Limited (WOA) Blue Star Helium Limited (BNL) Ecograf Ltd (EGR) Spacetalk Limited (SPA) Blackstone Minerals Limited (BSX) North Stawell Minerals Limited (NSM)
QAN shortQantas short on the regression break - The share has gone ex-div and it is not clear this is now the top.
I will not take this trade.
WBC Westpac Banking Corp ASXTriangle Pattern, breaking out to upside - likely to see increases for the next 4-10 weeks
Finer Market Points: ASX Top 10 Momentum Stocks: 12 Mar 2025 XETR:FRS LSE:SPA NYSE:BNL ASX:AQD NYSE:BSX ASX:NC6 PSE:IND AMEX:CVR GETTEX:PNT ASX:ORD 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: Forrestania Resources Limited (FRS) Spacetalk Limited (SPA) Blue Star Helium Limited (BNL) AusQuest Limited (AQD) Blackstone Minerals Limited (BSX) Nanollose Limited (NC6) Industrial Minerals Ltd (IND) Cavalier Resources Limited (CVR) Panther Metals Ltd (PNT) Ordell Minerals Limited (ORD)
Aura Energy Giving me the Halo If you believe in Magic, and I hope you do, Aura Energy is gonna light you up. If you believe in magic...
Overall Bullish on NXT ASX Currently in PubllBack phase overall im Bullish on NXT. i mainly trade forex using IMB'S on timeframes such as monthly weekly daily 4h and 1H. but nxt we need to look at longer term time frames like 12months, 6 months and 3 months. and i potentially see we are pulling back to the break of the 6month and 12month
once we tap these areas of interest we go down even lower to see a shift in market structure and Order flow. i dont really see price going lower then $12.53. we have just over 3 months left until a new 6 month candle is created which is when we could possibly see bullishness kick in again
SGR Buying opportunites oversold for LTF chart analysis from monthlt to yearly charts. long on bullish PA and correct price structure and right dynamics
Finer Market Points: ASX Top 10 Momentum Stocks: 5 Mar 2025 ASX:ORD EURONEXT:EVS NYSE:BSX NYSE:CRS EURONEXT:DHG NYSE:SGI ASX:DRE LSE:MYX NYSE:NAN ASX:EOL 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: Ordell Minerals Limited (ORD) Envirosuite Limited (EVS) Blackstone Minerals Limited (BSX) Caprice Resources Limited (CRS) Domain Holdings Australia Limited (DHG) Stealth Global Holdings Limited (SGI) Dreadnought Resources Ltd (DRE) Mayne Pharma Group Limited (MYX) Nanosonics Limited (NAN) Energy One Limited (EOL)
PENINSULA ENERGY - Uranium play - LONGBeaten down energy sector.
Following Eric Sprott with a 8.5% stake in this play.
Future prospects in the nuclear energy sector have been a long term play for me.
Is the ZIP DIP OVER? Is it a suitable time to Buy?Is the Base solid enough to drive the price to 3 OR will it require a manipulation below the base to test key support "2"?
THIS IS ONLY AN IDEA AND COULD BE RIGHT...
For the Fundamental lovers:
Also keep in mind:
Dow Jones Newswires:
"Zip Price Target Raised 5.9% to A$3.60/Share by Ord Minnett"
Potential outside week and bullish potential for OCCEntry conditions:
(i) higher share price for ASX:OCC above the level of the potential outside week noted on 23rd January (i.e.: above the level of $1.635).
Stop loss for the trade would be:
(i) below the low of the outside week on 20th January (i.e.: below $1.27), should the trade activate.
Bullish potential detected for QUBEntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:QUB
- i.e.: above high of $4.04 of 28th November (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $4.00 from 25th November.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 13th December (i.e.: below $3.80).
