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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
ASX:COH
by ShaneHua
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.
ASX:BGLLong
by RogueCleaner
1
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
ASX:WOWLong
by RogueCleaner
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.
ASX:MQGLong
by Gihanhemachandra
Buying idea CDA with a stop at 15.19CDA has done well and last earnings has jumped. with this the price trading at almost longterm high. had build a good base just above 50 day MV. with positive market sentiment this share can go to next level if it can break this level. at 5% risk good place to get in and see where it will go next :) 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.
ASX:CDALong
by Gihanhemachandra