Big news dropping last week, as cannbe seen with the strong green candle, how i see magnis playing out is a bounce off the trendline for 1 more shakeout before breaking trend and pushing higher. With the caliber of FA and director talent, this stock is in the right time for big growth. Could definetly be a $1 stock by the end of april. Entry now with a stop loss at 25c.
Looking for vulcan to consolidate for a few weeks in the yellow box. Between $6 and $6.80. A break above $7 would be a good sign, but before any pushing to the highs, there would need to be another shakeout and retest of the $6.80 zone. All this can change though with lithium news as well as the US stimulus being used to buy American lithium stocks. On watch until...
Exxon has been moving a lot nicer then the asx stocks, and with oil punching above and closing above $66 on the weekly, oil share prices could be in for a decent move next week. Coincide this with the 1.9 trillion stimulus, i feel like a lot of money will be moved into commodities, especially oil. *as well as bitcoin, because its the future.* ;) Ive never bought...
Fzo had a fake break out to the upside before being pushed down hard. Given the week that was, and FZO ia still abovw the 43ema, id look for a position not this week but the week after. This week should show a nice green candle for bullish continuation. If not, might need a few weeks to reset before pushing higher. If you want to Buy in now use a stop loss at...
Strong support at 95c, stronger resistance at $1.35, HUM is a bnpl stock with a great FA sheet behind it but for some reason big sellers keeping it down. In my opinion if they released their yearly a week before last they would be a $2 stock right now. But they released it at a time fintech stocks were all being whacked down from recent peaks. HUM is a good long...
Strong volume on friday to mark a change in direction i feel. Novatti has strong FA behind the company and long term will have a share price to match. Going off the chart, i see a bounce, pull back, bounce (double bottom) coming up in the next 2 weeks, followed by some steady growth. Novatti was sitting idle for so long, a break out followed by a pullback is...
Bet closed green on a red friday, pretty happy with how its holding up. I feel on monday it will break up and test recent highs, before having a small pullback or consolidation for a week, before moving upwards again. I have a $1.20 target by end of march, with a $1.50 target by end of June. Stop loss at 80c and trailing stop loss at 20c from highs once it crosses $1.
In a sea of Red, there were only a few stocks that were green. Oil is moving quite abruptly and id prefer to see some more consolidation in the price. However, if it closes above $64.10 tomorrow morning, then it will have its highest close in a year.. which is bullish. OSH has a consolidation trendline but has massive support at $4.20. Id prefer to see it stay in...
Chart isnt looking healthy, FA definetly not healthy and buy/sell book definetly not good (4m sellers to 2m buyers). Z1p is in for a defining week next week. I see good buying levels at the $8 mark if you believe in BNPL, but for now, high risk buy option for z1p, id personally stay clear for a few weeks to see how it performs. Same goes for all fintech stocks,...
Long term support/resistance line, came up in my radar and swooped on it given the low risk entry involved. I dont want to see it break below $13 again, however, a stop loss at $12 takes away any major loss potential.
Daily not looking good for the asx all ords, but if monday the stock market bounces to the green, we could see a weekly reversal in favour of the bulls. Weekly chart shows a reversal doji i feel, but only time will tell. Not many winners out there this week, lets see how next week goes.
Took an entry in Pointsbet at $13 a share, stop loss at $12. Its had a massive pullback the last 3 weeks and i feel sellers would now be exhausted. Hopefully a close above the 43EMA on the weekly ($13.10) for a bounce next week.
I dont like the stocks FA, but recent cap raise of 9c and chart says it will bounce to 10c or higher before going lower. I dont like people losing money, but CRO as a company and its director are very underwhelming. Good idea, poor execution.
Monthly chart wants a close above 65 for bullish continuation. But looking at daily, oil prices look like it needs to consolidate around the the $60-$62 mark before pushing higher. MACD has crossed so should see the next 2 weeks consolidating. Hopefully no close below the 43ema.
Long term down trend got broken on the hourly and doji reversed on the daily. Zoomed out on the monthly, id like to see oil close above $65 in the coming weeks. Aussie oil stocks are lagging oil prices.. and my bet is on OSH to go to $5 just based on oil prices alone. Although EV is the way of the future, oil is still the most demand fuel source currently and i...
Was looking into smart tech stocks that havent really been loved recently and this one came on the radar. Looking at the weekly chart, its hittings moving averages and bouncing strongly. How i see it is if it gets above $32 this month, then the follow through will see new highs. It is also somewhat of a head and shoulder pattern, but would need to stay in the $24...
Looking for a follow through tomorrow. Ive been a holdee of bet since before its first cap raise of 60c. I think 2021 will be a huge year for BET based off their recent news/US goals. They say follow the money, and i feel based off the chart, both weekly and daily, BET can get to $1.50 before any consolidation is needed. Entry now would be 80c stop loss with a...
Telstra was acting funny last week, but zoomed out to weekly, i see the bounce off the 50MA to be a bullish signal for TLS. Target of $3.50 with a stop loss of $3.07. For more info, i feel telstra had a couple news days that affected share price negatively as the market doesnt know how to price them. I personally feel telstra taking back all its franchises to be...