breakout cleanGOR has broken out on the daily
and weekly chart. Just need the month to close above the resistance level.
Ascending triangle setup has completed the breakout. bullish on this miner and the price
of gold still climbing. Gold in USD is close to breakout of a triangle.
GOLD in AUD is making new highs.
ASX:FPH ELLIOTT WAVE ANALYSIS ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation).
We see that ASX:FPH stock is about to complete a Triangle with wave 4, and prepare for the push up with wave 5. This analysis will guide you through the key points and important price levels to know the upcoming important market movements in the most intuitive way.
Details: The 4H chart shows a more detailed representation of the Triangle of wave (4)-orange. I guess it is probably coming to an end, and preparing to end this fourth wave, so be ready for wave (5)-orange to return. A push above 35.45 would add weight and confidence to this view. Conversely, no push above, instead a break through the end of wave C-grey would eliminate the bullish view of wave (5)-orange.
Invalidation point: The end of Wave C-grey
Confirmation point: 35.45
Potential outside week and bullish potential for PBHEntry conditions:
(i) higher share price for ASX:PBH above the level of the potential outside week noted on 20th December (i.e.: above the level of $1.045).
Stop loss for the trade would be:
(i) below the low of the outside week on 16th December (i.e.: below $0.925), should the trade activate.
DYL Weekly Corrective PatternsThought I would revisit Deep Yellow DYL ASX stock again to see where we are at
This stock follows Elliott wave and fibonacci levels very well and was a 500% trade for me from $0.30 up to $1.50, there are multiple posts I created about it along the way
The stock itself is in a long term holding pattern as it is unlikely to become profitable in the next 1-2 years
Therefore I looked at the overall structure to see if were any corrective patterns and interestingly it has a pattern of forming 3-3-5 flat formations
i.e. ABC down, ABC up + larger 5 wave move down or in reverse
3-3-5 flat formations are corrective in nature and trend sideways, but are still tradeable if you know where you are in the overall structure and pick low risk high reward entries and know when you should get out...
On this chart if we were to mirror an earlier 3-3-5 pattern and look at what happened next, it created a 3 wave (ABC) move in the opposite direction to the 5 wave move
What that means is that I believe it is possible for this to rally from $1.20 to around $1.70 which is a ~40% move, before falling back to $1.20 or lower, then form a base to create a 5 wave move upwards
What does this mean? from my perspective it means there is a chance that this could rally short term before dropping back to the origin or even slightly lower and then create another 5 wave move upwards
No trade for me, but interesting to see sideways patterns forming and understanding what is actually happening, and also knowing you can trade them...
Daily PME wedge pullback continuation pattern Pme looks to have formed a small wedge pullback to the 21 day moving average potentially to the 50 day, Creating a buy opportunity for a continuation of the long term trend. Looks as though once volume has spiked and fallen off on each pullback another marked in June/July the trend breaks out and continues.
ASX:COH ELLIOTT WAVE ANALYSIS - 8 JAN, 2025 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master.
Function: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave (y)-orange of Wave ((2))-navy
Details: Looking closer, wave (2)-orange looks like it is developing as a Flat labeled A,B,C-grey, and we still have a push lower with wave C-grey. Then wave (3)-orange will return to head higher. On the other hand, the rapid and strong penetration of the 309.63 high directly suggests that wave (3)-orange in the ALT alternative scenario is probably unfolding.
Invalidation point: 17.80
Confirmation point: 19.65
Buying idea SNL with 31.30 stopSNL has done well and have consolidated at the top for some time. it's looking to breakthrough again. We can test this breakout with a safe stop around 31.30
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BGL has reached support levelBGL has been trading within a parallel channel
since 2020. Price has now reached the lower bound of this channel range. This would be a good time to buy more BGL. Gold price has stablised and sitting flat for months now. I am expecting the gold price to move higher in 2025 unless there is a major crash in equities , which is a real possibility because of the overbought signals. But as you know the government and central bankers need to maintain the bubble as there is no going back to sound stable money and price stability. The aim of the game now is to continously inflate until the whole system implodes.
price stabliility now means inflation rate of 2-3% p.a. which is like your doctor saying you need to stablise your hba1c but making sure it goes up .5 each year.
$LV1 trend line breach and now reclaim.After trend line fails. Look out. To the upside.
AI stock.
Sell down.
Now being bought.
Hot sector.
WOW - buy siganalWOW looking cheap. technically the price has
moved to 61% fibonacci level which is usually a strong level of support. current dividend yield at this price is about 3.5% which is also decent.
There is a kabuki dance between WOW and the govt about price gouging but in reality everyone knows big business are very close to government. target sell for me at this point is $36. I have entered at $30.
There isnt any real competition in this space and COLES and WOW dominate the market. The introduction of self checkout means less labour costs. cheap labour imported labour refills the shelves. think about the prices you paid 10 years ago in 2015 and i you will realised the prices have more than doubled not to mention the lower quality and smaller packaging.
** war is based on deception
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#Disc: Sharing Educational and entertainment purpose only.
Buying idea CBACBA just like the WBC bouncing back from 50 day moving avg. market sentiment positive and these two shares should see taking off again to highs we show few weeks a go. stop at 132.
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CBA extreme downside risk2024 dividend per share annual, $4.65. Current share price $159.03 If you are an investor you are paying 34.2 times the div return with substanstial risk. Should you choose to put the $159.03 into a 5% term deposit with zero risk your return will be $7.95 being nearly double the return with zero risk. Just saying...Speculation is not investing be careful. Stay safe and Happy trading
Buying idea MQG with stop at 221MQG have recovered after earnings and dividend shakeouts. have build a decent base above 50 day MA and now looking to break though. let's test this with a decent stop at 221.
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.