Classic long Guppy GMMA and ADX #ASX #REAAnother beautiful sight to behold - the intersection of Guppy's GMMAs and ADX uniting into classic long indicators.
#ASX #REA
#MarketMonkey
#long
REA trade ideas
REA.ASX: 20 AUG, 2024© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
(1D) Details: Wave ((iii))-navy is unfolding to push higher. It is subdividing into wave (i)-orange, which will essentially continue to push higher. Any subsequent large decline would suggest that wave (ii)-orange is unfolding to push lower. Eventually, wave (iii)-orange will return to continue to push higher.
Invalidation point:187.27
REA.ASX: 09 JULY, 2024AUSTRALIAN STOCK: REA.ASX - 09 JULY, 2024
© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Forecast: Bullish
Wave (iii)-orange appears to be unfolding to push higher, while price must stay above 189.80 to sustain this outlook.
Invalidation point: 189.80
ASX - REA: 30 APR, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
Details: The short-term outlook suggests that the 2-red wave appears to have recently completed as a Double Zigzag correction, and the 3-red wave may be ready to push higher. Further upward movement would confirm this outlook.
Invalidation point: 140.50
Bull Trap.Market is in the process of a large bull trap I believe - if timelines end up being correct expect a bottom early next year.
Nailing Bottoms On The Daily.tad more downside expected here - should bottom around $100~ @ centreline or next would be bottom of channel - break of channel to the upside would confirm the correction is over.
REA - Cup and Handle PatternKey Technicals - High probability trade here with the REA chart showing a Cup & handle pattern. Looking to buy on breakout (top of cup) with above average volume or on the breakout retest as resistance becomes support.
Key Fundamentals - Governments likely make sure housing recovery keeps on keeping on.
REA @ 23 SEP 2021Text me if you have any questions/comments for me.
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REA
- Previous analysis was done on 9 Sep - Suggested waiting for successful breakout of 170 resistance levels
- Since then, the stock has gone up 9% and broken through the counter-trendline (purple dotted line)
- 170 levels has been a resistance since June 2021 (blue dotted line)
- A successful breakout looks to be around 174 levels
- If a breakout is unsuccessful, it’s important that the stock rebounds of the counter-trendline
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of 170 levels
REA Headed in Sell Teritory?REA is headed down after poor earning report. Lets see how this turns out!
REA GroupREA Group (A$164.48) - 'online real estate advertising'.
New 3 1/2 month highs; well-positioned (not overextended) versus a gradually rising 200-day SMA.
Positive momentum in the Australian residential property market, showing strong signs of recovery.
REA - Will we get a chance to get in at a lower price?Volume divergence indicating (high probabilty) that we may have a cheaper REA share price soon. I'm eyeing the high 120's to low/mid 135's as support and a potential entry.
$REA approaching key confluence of multiple lines and fib at 151$REA approaching key confluence of multiple lines and fib at 151 . wait to see it stalling in the zone b4 taking a short
REA Long. Broke out of all time highEntry: 125.46
Stop loss: 122.20
Broke out of all time high with above average volume.
The MAs are in order and trending upwards.
REA - Bullish Ascending Triangle - High ProbabilityREA Technicals = high probability - I'm looking to enter on the ascending triangle breakout. REA Fundamentals = lower probability - major cv19 head winds are incoming, but, I'm thinking the market takes an educated punt that any further real estate weakness will be meet with larger incentives/stimulus. This will likely lead to a bullish REA share price.
ASX - REA - Rule1
EPS Growth Rate - 17%
Equity Growth Rate - 24%
Operating Cash Flow GR - 22%
Sales Growth Rate - 19%
ROIC - +20% Year on year
REA - Bullish Cup and Handle formingThe Cup and handle pattern has been pretty reliable with REA over the years and it looks like another bullish high probabilty opportunity is forming again. Conservative entry would be a bullish candle breakout above the top of cup or if you want to get in on the back of REA'S bullish fundamentals, todays price of approx $103 looks ideal. Ideally S/L approx $98. Minimum target shown in graph at approx $116.50.
$REA:ASX - REA GROUP - RealEstate.com.au etc up 50% YTDI didn't realise that REA operated across as many countries with as many portals as they do. Well known to Australians for the RealEstate.com.au portal they also have similar sites across Europe and Asia. They have been having a great run so far this year so could be worth a watch.
REA Group Limited advertises property and property-related services on Websites and mobile applications in Australia, Europe and Asia. The Company's segments include Australia, Europe, North America, Asia and Corporate. It operates residential and commercial property sites, realestate.com.au and realcommercial.com.au in Australia. Its European operations consist of Italy, Luxembourg and France. It operates Italian digital property advertising business, casa.it; Luxembourg's residential and commercial property sites, atHome.lu and atOffice.lu, and immoRegion.fr in France. Its Asian operations comprise iProperty, which operates property portals across Malaysia and Hong Kong, and portals in Thailand, Singapore and Indonesia, and its Chinese site, myfun.com, which supports the Asian, Australian and the United States businesses by showcasing residential property listings to Chinese buyers and investors. It has interest in Move, Inc. and PropTiger, which offer online real estate services.
REA ripe to break through the 200 EMA and head to new highs.200 EMA has acted as major support for the last 18 + months. The 200 EMA finally gets broken late 2018. IMO this was due to a sell off of high P/E stocks and banking royal commission commentary.The 200 EMA was looking to break back through just before CEO steps down. This resulted in a retracemet and a range bound channel formation. Conclusion: High probability that if we break back through the 200 EMA we see new highs $95+.
