Potential outside week and bullish potential for AMIEntry conditions:
(i) higher share price for ASX:AMI above the level of the potential outside week noted on 30th/31st January (i.e.: above the level of $0.20).
Stop loss for the trade would be:
(i) below the low of the outside week on 29th January (i.e.: below $0.17), should the trade activate.
FFM Targeting 1.5??Hi dear trading lovers and FFM buyers...
PLEASE NOTE THAT THIS IS ONLY AN ANALYSIS AND COULD BE WRONG...
Chart and lines are explaining my idea...
SEEMS FFM is in a uptrend targeting 1.5 and finally 1.7...
Also note that:
"Macquarie has initiated coverage of FireFly Metals with an Outperform rating and set a price target of A$1.50"
Do you think IGO has come to the end of its downtrend?BUYERS still looking for a possible TRADING RANGE or a REVERSE Point...
After a Spike and a clean Channel, getting close to 4 (Root of breakout of previous Major Move, and also 3rd hit to Monthly uptrend, makes this point a remarkable and hopeful point for all the buyers... In addition to these we can say that last days sharp fall can be an Exhaustion gap of downtrend and also a magnet to monthly uptrend....
#IGO #ASX #Analysis #Trend #Channel #Spike #Trading
Finer Market Points: ASX Top 10 Momentum Stocks: 25 Feb 2025 EURONEXT:DHG MIL:CLE LSE:CLA NYSE:NAN LSE:MYX ASX:MP1 ASX:AQD MIL:ARN NYSE:ALC MIL:WLD 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: Domain Holdings Australia Limited (DHG) Cyclone Metals Limited (CLE) Celsius Resources Limited (CLA) Nanosonics Limited (NAN) Mayne Pharma Group Limited (MYX) Megaport Limited (MP1) AusQuest Limited (AQD) Aldoro Resources Limited (ARN) Alcidion Group Limited (ALC) Wellard Limited (WLD)
Short Commonwealth Bank of Australia at 156.25 Target 132Hello Followers
Id like to take another shot at shorting CBA here due to the interesting risk reward setup.
I had failed trying to short this once in the 130's and have been patient waiting for another setup.
Fundamental Reasons:
-Potential rolling over of the Australian housing market.
-Extremely high valuation
Technical reasons:
-False Breakout above the 162 level that got heavily sold
- So far the retracement bounce has hit the 1st Fib level at 156ish, bringing about a great risk reward setup.
Stop 160.2.
Target 132.00
Risk/Reward 6:1 !
Thanks!
Kavi
Bullish potential detected for AIZEntry conditions:
(i) higher share price for ASX:AIZ along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 29th November (i.e.: below $0.51), or
(ii) below the support level from the open of 7th November (i.e.: below $0.49), depending on risk tolerance.
Potential outside week and bullish potential for HLIEntry conditions:
(i) higher share price for ASX:HLI above the level of the potential outside week noted on 17th January (i.e.: above the level of $4.65).
Stop loss for the trade would be:
(i) below the low of the outside week on 13th January (i.e.: below $4.44), should the trade activate.
ALC Turn around playALC Potential turnaround play, Looks to have set a base and now to have broken out on a 10 year contract announcement. Second time it’s been above the 50day ema and now the 100 day ema, Lots of buying volume recently. Resistance at 0.130 and 0.170
Speculative buy at the market or wait for a pullback to the breakout point.
PTM Platinum Asset Mgmt (ASX) Monthly 2Monthly chart has clear 5 wave move into longer term bullish fibonacci cluster level
This stock has taken a battering over the last few years and recently there is a monthly spinning top outside of the bollinger bands and a gap on the weekly at $1.05, so there is at least 25-30c to close this...
I'm looking at the longer term bullish bias, so wont be trading this as a short to medium term trade...
Full disclosure... I already have a position in this stock within the last month or so
COL - 4 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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Conservative 630% upside for Horizon MineralsHello and thanks for viewing.
I tend to write a lot. My valuation is based on a few assumptions;
- There are no new material ore discoveries as extraction progresses,
- The gold price doesn't rise over time,
- The miner will have the 'average' profitability of gold miners of 11% (I use 10%),
- The miner will be fairly but not excessively valued vs its earnings. I used a PE ratio of 20, which is pretty normal.
Reserves are over 1.8 million ounces x AUD4539/oz = AUD8.17B / 25 year mine life = AUD326m a year. At 10% EBIT this is AUD 32.6m in earnings per year. If valued at a PE ratio of 20, this would give the mine a value of 653.6m. The current Market Cap is AUD103m (up 53% in the past month) so a 6.3x of the current price is $0.456.
I have already bought in and am up 46% in a week :) so WHEN we hit $0.45 that is a 9.5x gain for me. I might sell 50% then, not sure, depends on how much positive news accumulates up until that point.
Just sharing my method. I feel it is easy to apply, is sufficiently conservative, not too naive. Oh, I don't trade short-term. I have found that short-term trading only makes money for brokers and dramatically increases risk. I find a share that I am comfortable offers a large margin of safety, if the price goes down after I buy in, I am happy, especially if I can add to my position.
Bearish potential detected for IREEntry conditions:
(i) lower share price for ASX:IRE 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 $9.03.
Stop loss for the trade would be:
(i) above the resistance level from the open of 9th September (i.e.: above $9.36), or
(ii) above the resistance level from the open of 21st August (i.e.: above $9.65), depending on risk tolerance.
Multiple bullish signals on ACW. Big chart gap to fill @6.5Very positive signals on MACD and DMI . Momentum building nicely
Big chart gap to fill at 6,5c offering a 60% gain in shareprice.
A lot of consolidation has taken place below 3c in past 5 months removing the surplus overhang of shares from the previous capital raising.
This Coin Is A POWERHOUSE MartyBoots here , I have been trading for 17 years and sharing my thoughts on AAVE here.
AAVE is looking beautiful , very strong chart for more upside
Very similar to XRO which mooned from this structure
Do not miss out on AAVE as this is a great opportunity
Watch video for more details
Condor Energy.AU Possible 1000% UpsideI thought this one would have done a reverse split, whilst is risky, could've made it easier to trade.
I still expect they can do this, so if achieved? Then by the World Demands for Energy, and especially a cleaner burning one, I see a huge upside here.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
A few of my prior Studies were ZIP, Vulcan, Appen and others.
Regards Graham.
Finer Market Points: ASX Top 10 Momentum Stocks: 10 Feb 2025TSX:AII SET:MVP ASX:NVU GETTEX:FGR NASDAQ:AMD ASX:ESR ASX:ETM ASX:LRV GETTEX:VTX EURONEXT:EGR 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: Almonty Industries Inc. (AII) Medical Developments International Limited (MVP) Nanoveu Limited (NVU) First Graphene Limited (FGR) Arrow Minerals Limited (AMD) Estrella Resources Limited (ESR) Energy Transition Minerals Ltd (ETM) Larvotto Resources Limited (LRV) Vertex Minerals Limited (VTX) EcoGraf Limited (EGR)
Bullish potential detected for LRKEntry conditions:
(i) higher share price for ASX:LRK along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 5th December (i.e.: below $0.985), or
(ii) below the support level from the open of 27th September (i.e.: below $0.96), depending on risk tolerance.