xtf_ze_trader

xtf_ze_trader

ASX:ORE has played it right since the mid May. Is this the start of a new uptrend towards the 4$ or maybe towards 6$ ? Lets analyze what the charts say. Since the day ASX:ORE broke the 50MA - green line - it has been on unstoppable uptrend. This trend has been able to break the 200MA - red line - which historically has acted as resistance. This tells me the bulls...

xtf_ze_trader

ASX:Z1P has been on fire today after announcing its acquisition of Quadpay. But is this the only reason it zoomed high or the TA has all he explanations? Lets dig deep and analyze. Today ASX:Z1P aka ZIP has zoomed 41% high but checking on the chart I can say that the stock has been bullish since its bounce back from the 200MA. It was bullishly visible and ready...

xtf_ze_trader

ASX:NAB has rocked this week. Is this due to some unknown fundamentals or does Technical Analysis has an answer to this? Lets analyze. ASX:NAB has zoomed high this week And in terms of confluence we can say that other big 4 also zoomed high but for NAB i think the answer was hidden somewhere in the TA on the charts. After ASX:NAB broke the 50MA which is...

xtf_ze_trader

I am starting a weekly series of analysis where i will pick up one stock every week for TA. Today’s stock is none other than the famous ASX:NEA or NEARMAP. This stock looks like is trying to free itself from shenanigans of the bear market. From the TA, here is what I see: - a inverse H&S formation in a making if it is confirmed we can expect the stock to move...

xtf_ze_trader

Nothing much to be said apart from the bullish formation shown on the daily TF. My last post about ASX:ECX has all the necessary TA on top of that weekly velocity turned positive which makes bullish case more robust. In this post I will analyze different target levels: 0.5 fib is my first major target 0.618 is the second one 200MA another one 1.4$ Then...

xtf_ze_trader

Nothing ore than what I said in my last post and this chart shows all of my analysis. ASX:ECX looks bullish but this stock is very volatile. My position will only be scaled up if daily close above 0.930. Today the stock closed above key resistance and good thing is daily velocity is positive though weekly is not positive yet. It may turn up if tomorrow is a...

xtf_ze_trader

ASX is showing a bullish signal according to the charts. Below is my analysis and when i will be fully bullish. Bullish case: - ascending triangle which is inherently bullish. - LSMA in upwards direction - price above 50MA - daily velocity positive - RSI neutral Bearish case: - price below a key fib level: 0.382 at 5468 - price below key resistance level at...

xtf_ze_trader

Is ASX:ECX trying to wake up from The bear market abyss? Does the market show any sign of recovery? Is it time to FOMO and buy? Lets dive deep into the TA and analyze. ECX has been struck by a smooth criminal of bear market. However from the TA view point there is a light at the end of the tunnel. From bulls perspective below is what I see: Daily candle closes...

xtf_ze_trader

AMS was struggling to break the 50MA but today it has managed to do it. But is it a good time to FOMO and buy or it is a time to be cautious and wait for the buy signal? Lets dive deep into the TA. Today AMS broke 3 milestones: 50MA, 0.236fib and turned the daily velocity positive. This to me is a good sign to open a small watch out position. If it manages to...

xtf_ze_trader

This whole week, zIP aka Z1P has been on fire. But was it a good time to take profit or it was too early? To me, indicators showed a sign of a overbought market, look at the RSI and the market hit a major confluence of resistances and it could not break it. This confluence is a 200MA and f0.5fib. This was a good sign that some profit can be taken off the...

xtf_ze_trader

ATOMOS aka AMS attempted the 50MA but failed to close above this key milestone. This happened after an epic volume when AMS dropped below 0.5$. A quick TA shows that AMS can be bullish if it retakes the 0.236fib, it closes daily candle above 50MA and the daily velocity turns positive. Atm i am keeping it on the watch-list and will be ready to ride it when the...

xtf_ze_trader

Many people are scratching their head wondering why the bought ASX:QAN and it is stuck and not following other stocks recovering. But the TA has all the answers here. Look at the green line that is the 50MA, the stock could not go beyond this key indicator and on the contrary it tested it and failed to break it. The price action structure doesnt look bad as the...

xtf_ze_trader

ASX:WZR has bounced back after announcement of Emerging leaders by Goldman Sachs. But is it the reason we see this bounce or the TA have a more clear explanation of what is going on? Let get into the chart and analyze. WZR had bounced back from the 0.067 $ levels after massive sell-offs in March. From the TA point of view it is not surprising that the bounce back...

xtf_ze_trader

None other than the famous fib retracement allowed me to buy Z1P and make a quick 8% on a single trade in one day. As you can see on the chart after being rejected by 50MA(find this in my previous post), I kept an eye on what could be a potential bounce point so that I can buy. First point was 0.382 which didnt prove to be strong enough to stop the bears. I waited...

xtf_ze_trader

Z1P got rejected at 50MA. Despite going above 0.236fib it got heinously rejected by the MA and a massive selloff ensued. For the moment the velocity is negative meaning it is better to not long till the indicators show otherwise. If you buy it can be with a tight SL like how id did it yesterday and for a short term hold. I will share my yesterday buy TA support in...

xtf_ze_trader

Redbubble has been pushed to the depth of the bear market but it looks like it is recovering. Should we cheer it up and say that the worst is over? Lets analyze: Bull case: Having upwards trend for the velocity Epic volume on 14/04 which keeps pushing it high till now RSI not overbought yet A kind of double bottom Closing a week on a green candle Bearish...

xtf_ze_trader

XJO aka ASX200 keeps going high but what will be the potential targets before a pull-back? Can we expect a straight V-shape recovery with no looking back? Lets dive into the TA and analyze. It seems ASX200 bounce from the 200Monthly MA last month has triggered a market recovery chain of events. But can we trust that? To me the real recovery would be confirmed if...

xtf_ze_trader

SP500 closes above key level. Can we say the market has recovered? Is it a dead cat bounce before a plunge deep down in the market abyss? Lets analyze. SPX closes above 2700 which was historic support level but this time it had flipped into resistance. It is above a long term trend line on the chart The daily velocity is upwards. Price above the LSMA on...