DHG trade ideas
DHG.ASX_LongENTRY: 4.79
TP1: 5.14
TP2: 5.77
SL: 4.46
- ADX>20
- RSI<60. Would like it to be higher.
- FFI and RS +ve
- MAs are aligned, with 10MA pointing up and should be cutting above 40MA soon.
- Break-up with good volume on 27 Jan 2021 and entered here
Domain Holding fakes its monthly support The share bounced off monthly support after slightly penetrating it to the downside. On Weekly, we had small penetration but the price soon reversed back above S/R.
On daily we have a small consolidation and I am anticipating a breakout in the H2 chart. Either I trade the breakout straight away or wait for a retest in H2.
Attached Weekly and Daily.
Buy DHGOn the daily this stock gain nicely yesterday and the 13 and 50 ema is rising with it as well, with stoch on its side. On the weekly its pretty much doing the same thing with the 13 and 50 ema, also with the MACD sloping upwards. looking for a buy with this stock.
ASX: DHG analysisASX: DHG price has held consistently despite the ASX :200 current downfall, this may be due to RBA cash rate cut from 1.5% to 1.25% which is expected to be announced 4th june19 (tomorrow), This should entice spending in the Australian property market which DHG should expect benefits from as a real estate Advertiser.
$DHG #ASX - DOMAIN HOLDINGS AUSTRALIA LIMITEDBig gap down, sell off on Domain. Hard to think there probably isnt some value here.
Domain Holdings Australia Limited is an Australia-based company. The Company is focused on offering an ecosystem of multi-platform property solutions. The Company delivers property marketing solutions for residential, new development and commercial properties, plus the latest market intel. The Company’s portfolios include Domain, Commercial Real Estate, Allhomes, The Weekly Review, MyDesktop, Pricefinder, and Homepass. The Company's agent center offers a range of solutions including agent news, domain complete solutions, domain digital solutions, and domain magazine solutions. Its Weekly Review is a free premium lifestyle and property magazine and can be accessed in print, online and social.
IT solution to real estate Domain is a little brother to REAL ESTAE .com and has hard time to compete , but ignore its potential is not smart thing to do, see a lot of buying interest which pushed price up to a last resistance level , may form a cup and handle here, Risk Vs Reward ratio id good, strong buy.
DHG.ASXShare prices closed well above the resistance trendline after breaking through in today's opening session. Share prices closed at 3.11 up by 1.63%. Support and resistance are marked on the chart
