Please see my chart for notes. Comments / thoughts welcome.
ASX is approaching its resistance area between 5851 to 5885 (50% Fibonacci retracement, 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback resistance) where it could potentially react off it, causing price to fall to its support at 5692 (horizontal swing low support). We have also identified another resistance at 5960 (horizontal swing high...
I'm new to TA, so want to use my charts as more of a point of discussion than a reason for internal alarm bells to go off! Being Aussie I'll also focus on ASX stocks, which may not get that much attention on TradingView. Anyways, with AfterPay this week it looks to test support around the 6.33 mark, as investors take a breather after the recent earnings report....
ASX is approaching its resistance at 5804 (76.4^ Fibonacci retracement, 76.4% Fibonacci retracement, horizontal overlap resistance) where price could potentially react off it and fall to its 1st support at 5760 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). If it breaks past this level, it could trigger a bearish acceleration...
ASX is testing its resistance at 5765 (23.6% Fibonacci retracement, horizontal overlap resistance, descending resistance line) where it could potentially fall to its 1st support at 5738 (78.6% Fibonacci retracement, horizontal swing low support). If it breaks past this level it could fall to its 2nd support at 5680 (horizontal swing low support). We have also...
EUC just fell off a cliff and is currently oversold on most timeframe's. So we are looking for an oversold bounce a quick in and a quick out with a conservative 15% profit target. EMA and 50-day SMA currently acting as a resistance look for sell in between these moving averages approx 0.96 cent if lucky. To be a bit safer set sell at .095 or .094 cent to get out...
PGM coming close to previous support at 0.10 cent and even bigger support at 0.090. 20 period EMA currently acting as resistance. Plans for trade: Wait for PGM to bounce on support at either 0.10 cent or 0.090 cent. Wait for confirmation of EMA to Cross SMA before taking position Bullish indicators PGM is in a strong uptrend Declining Bear Volume on Monthly...
Have they got every last one now... Big boys play hard dont they
See chart for fkn notes Recent high $2.07 so no real surprise its come this far. 50% PB $1.035 Now the final push till they (RETAIL) stop selling
50% Pb is around $1.10, which is VERY close to a $1 which is a mental barrier and easy stop level sub $1 would be no surprise Per request Weekly says stay out, so do that
Broke descending wedge which would have been a bullish indicator. DCC passed last support bounce line and looks like it will continue to go down to 13.5c and possibly lower. I'm not factoring the oversold RSI as fundamentally this stock is in danger due to total market sentiment towards crypto. I will not touch this for a while and will be staring on the sidelines.
Broke descending wedge which would have been a bullish indicator. DCC passed last support bounce line and looks like it will continue to go down to 13.5c and possibly lower. I'm not factoring the oversold RSI as fundamentally this stock is in danger due to total market sentiment towards crypto. I would not be buying anytime soon and would be selling if I hadn't already.
HSO looking healthy again FD holding from 191 Will cut on the earliest sign of weakness or reduced volume
Red range has begun, no longer holding, on watch Dont know, dont care, its just a ticker to me
AYR is hitting a big resistance at 0.011 cent. Looking at the chart I think we will see a better entry for this one back at the .008 cent level before it takes off and break's the .011 resistance. We did get the Bull Macd cross on Daily which would indicate we are looking good but we need a break of .011 before we can see continuation. Scouting a pullback to...
MLX is currently forming inside bars on the Weekly chart which will break in the coming days. Previously MLX inside bars has broken bullish and have given back some nice gains. The potential for a BULL break is higher as MLX is currently in strong uptrend and is currently on a previous support. BULLISH INDICATORS Weekly Inside Bars in an uptrend (inside bars...
AEE Bullish Indicators RSI creating Higher lows on same price level on Weekly . Previously formation played out with over 80% gains. Massive volume in lately Weekly MACD looking to diverge Weekly cci turning to show strengh Patience plays off so wait for the touch of support zone at .020 cent for good entry Reasons: The 4 hour MACD crossed bearish The...