This is solely based off opinion. Everytime ive seen a chart like this, whether it be an hourly, daily, 15min or whatever, the share price always moves to make new highs. Not saying it will happen with FZO, but given their strong FA, id predict this stock to go to $1 very quickly. I was watching FZO on its first run, and ill be a buher for this run aswell. A...
Following bearish trendline, a break here will see vulcan start a new uptrend where i predict it could make new highs by July. Zero carbon lithium will be the way of the future for EV batteries. Recent cap raise at 6.50 puts a tight stop loss for entry and good chance of reversal this week. Next week could see $8 again if trendline is broken and volume comes in....
Hourly chart shows alot of buying power around the $4.58- $4.60 range. Good entry with a tight stop loss. FLT has already reversed so waiting on WEB to do the same. Stop at $4.57 here. The stock is also heavily correlated with the lockdown rules as well, so any news in regards to it will see it move to associate with the positive/negative news.
Before bitcoin was the most talked about market, anything gold was the way to go.. now that no one is talking about it, could it be time for another move up? The next 2 weeks will tell all i think (whether it be to make a bounce and start a new uptrend, or go lower and test trend lines set both short and medium term.) My bet is Gold will bounce here and make its...
Telstra is slowly becoming more relevant with 5G coming into play. The short term chart of Telstra says $3.50 by end of March, look for an entry above the trendline ($3.20) but if you arent afraid of a drop to $3.10 buy now. I dont see it going below $3.10 or else it will lose bullish sentiment in the chart. With that being said, Telstra isnt a trade under $3.10...
Flight Centre has been on watch the past week due to States slowly opening borders. How i see it on the chart is anything below the trend line is bearish, but a close above is bullish. A close above $15.35 signifies a short term bullish move aswell. Neutral on Flight Centre at the moment, but anything can change, looking for a close above $15.35 for an entry.
OSH, like most stocks last week on the ASX took a beating in price. It has since bounced and formed a short term head and shoulders pattern. However, in order for the price action to be strongly bullish again, it will need to close above the trendline. Crude Oil price is strong and bullish, and OSH and WPL both need to get back into the trend to become bullish...
Crude Oil has been gaining momentum in recent months, and if zoomed out, chart looks poised to break a 10+ year downtrend. In the back of my mind EV is still the way of the future, so crude can still be strong for a short to medium term trade. I dont trade commodities however i like the looks of OSH.asx and WPL.asx to trade oil prices. A close above $65 would be...
Z1P looking like it can turn around and go for a run to $7 first target. Has been bouncing off the 200MA on the daily for over a month now. The base seems to be in and just needs a catalyst for the next move up with volume. If you were to buy in now, trailing stop loss of 10% should be suffice. How i see it playing out next week is a move above and hold the 50MA...
Telstra has broken a short term trend on the hourly, Catalyst of a move up to a long term resistance line sitting at $3.11 currently. A break of $3.12 will see a stronger move up. Have bought some now, will add to my position at $3.13 and above. Stop loss at $3.00
Been watching pointsbet for a few months now. Looks to be following a trend and in the next 2 weeks should see it make new highs. Ive bought here at $11.80, but will add more once it crosses $12. Stop loss at $11.20. Fingers crossed for some good news this week to get bullish volume coming in.
With oil prices not slowing down, $wpl and $osh have been on my watchlist for TA break outs. $wpl is looking set to follow through with the breakout considering stoch RSI is turning aswell, with an initial target of $30. Stop loss for this one would be the resistance line, which should be the new support.
Z1p has just raised 100m at $5.41, but given the TA i dont see it going any higher.. for me to trade it again would need to have 3 strong weekly candles and go above $7. A risky trade offset by a stop loss at $5.20, if you wish to go ahead. *all based off TA, FA says it will get to $10, but time will tell. Ill look for an entry next year.
A stock id get in early with and just wait for the push through trend line, will behave like $rgl once through, minimal downside as id have a tight stop (2.7c) and plenty of upside.
Most gold stocks have taken a hit over the past months, but $RGL is one that can quickly reclaim old highs with gold coming back off a down trend. Definetly a risky play as its a spec stock, but put in a stop loss at 20% will reduce the risk. May even wait for some news on drilling results.
Broken through resistance with daily and weekly charts looking strong. Has a $16 potential upside here, however i dont see it going back above $14 without some catalyst.
Capital Raise at $1.70, pretty strong resistance at $1.80. A break of trend will see $2 hit and some positive news will have a good push to new highs. 2 options, wait for trend line to be broken, and buy in with a stop loss at $1.80, or buy in now with a stop loss at $1.70. If it closes above $1.95 on the daily, also very bullish for next week.
Respecting a trading channel, i really like 4DS as a company, and the way WBT moved recently i feel like this can follow suit. Not much noise around this stock either, watching for another move above 9c to buy with a target of 10c again (previous high today). Stop loss set at 8.4c when entering.