Buying Idea FPH with stop at 32.76FPH has consolidated over few months. stock has manage to weather the big shakeouts during Dec24. looking very strong to make a move again. decent stop with 6.2% to give it enough room.
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FPH trade ideas
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
FPH Fisher and Paykel Monthly Possible Butterfly ZonesNo action, but FYI only
Bit early, but possible butterfly levels on FPH on Monthly chart
Indicator is climbing up into the overbought zone, but that does not mean much right now
likely to keep climbing in short to medium term, but parabolic moves are also quickly reversed as there are no real levels of support on large bars
Levels to watch...
FPH.ASX_Bullish Pullback Trade_LongENTRY: 23.60
SL: 22.72
TP: 25.25
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI +ve
- Moving averages are aligned.
- Stoch RSI crosses up 20.
- Entry (on 1 Feb 2023) based on controlled pullback (since high on 20 Jan 2023) to resistance-turn-support area (22.97) and rebounded with increasing volume.
FPH Daily TimeframeSNIPER STRATEGY
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PFH bounced off support and pushing back into channel Fisher & Paykel looking to resume range channel. Found its bottom at 26 support level. Point of control for the channel sits around 31 which could be the first target. Second target would be around 33. MACD crossover with good volume is confirming the move. a more cautious trader might wait for a closed daily candle inside the channel and above 29. Good risk to reward with a stop just below 28.
FISHER & PAYKEL HE daily analysisHi friends
the daily chart of this market shows that it will experience an uptrend in the next few days but at the same time
it is necessary to be vigilant of the placement of the stop loss and the level of profile to be gained. consequently the reversal of the market towards the opposite direction
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FPH accumulation within the zone with trendline supportKeeping it really simple here since deep research and analysis are meaningless in this market.
Historically strong trendline support
Accumulation within the range, on strong support
Long term moving average support 200EMA
MACD oversold
RSI oversold
Can't ask for more technicals in check.
The current market is underweight healthcare as economies are reopening. Regardless, FPH is a solid company with good fundamentals(if they matter anymore)