rutt

rutt Updated 

AGL pays a solid dividend & looks a good buy, especially for long term portfolios. Decent entry is at current levels or if your conservative wait until major resistance level breaks. Minimum target level is atleast the last high of $23.00.

rutt

Looks like plenty of upside for PME now the falling wedge has broken out to the upside. Furthermore a fairly major resistance/support level has also broken through suggesting a bullish trend may resume. I'm thinking this could be a good spot to get in.

rutt Updated 

Wisetech is going to report very very well next year. This will likely result in another anticipated run up or a decent bounce. With that in mind, this is my attempt to find an area to buy. We have strong confluence: Bullish Wedge pattern + possible Double Bottom + key support resistance + Longterm bullish trendline. I'm looking to buy first bullish candle...

rutt Updated 

BTC looks to be currently going parabolic which normally means a retracement is due. This is coinciding with strong overhead Resistance at approx 10K. Good luck all!

rutt

We have potential reversal (Bearish divergence) in the all ords. Just as we enter the reporting season. (Financials + Materials make up close to 50% of index) Materials have already turned bearish and with banks to report soon for the first time since the royal commission findings it looks like we are headed lower. I'm thinking we might have better opportunities...

rutt

The idea of Uber on mass accepting bitcoin has been floated before, though the public has partly been left in the dark. something to think about : coinciding with the Uber IPO, BTC has rallied 100% +. Key support/resistance levels have broken. Dara Khosrowshahi the Uber CEO is an early advocate of bitcoin . Prominent beneficiaries of the IPO including Bill...

rutt Updated 

Growth investors have stepped in over the last 2 years every time Domino's has disappointing at report time or had negative news regarding their buyback. I think we are going to find out very soon if growth investors patience has run to thin. from a technical point of view DMP looks a high probabilty of breaking to the downside. Furthermore, its hard to see a...

rutt

Looks to me 2780 is a Critical level. Low probability we bounce off this level, High probability it breaks and we are headed down. EMA's are rolling over. MACD continues bearish.

rutt Updated 

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...

rutt Updated 

High to medium probability that WOW trades back up into middle of uptrend channel and tests recent highs.

rutt Updated 

Fundamentally and technically SHL looks a good stock to add to the portfolio. Currently $24 up side of 10% + to $27+. Entry at 200 EMA OR FIB levels after going ex dividend. On the fundamental side of the equation the latest report was very strong. CEO Colin Goldschmidt said growth is strong particularly in the USA: "I think Sonic is well placed right now for...

rutt Updated 

The market has been undecided about APT for the last six months. As a result a channel formed between approx $10 -$15. On the back of large volume that channel has been broken to the upside. Additionally senate enquiry findings was also met with large volume pushing the stock higher. Conclusion, market looks to have made up its mind on APT & looks a high...

rutt

High probability that the S&P 500 is channel bound for the foreseeable future. I cant see much upside. S&P 500 likely trades back and forth within a channel. UP + DOWN on the back of weaker than expected data/fundamentals. If it does mange to get through resistance I can't see it following through. Higher probability channel breaks to the downside later 2019.