Detail is in the chart. Encouraged by seeing Pardis post re ASX Stocks ... hat tip
This is a test recommendation for ASX:CBA . CBA has been trading sideways causing the ADX indicator to reach a low level. This is indicative for the beginning of a new trend. With dividends being paid in late Feb an upside breakout is probably more likely.
I am still standing with short on this matter, it is half way through my target, 5550 level still possible. Trade Safe s0nic
Detail is in the Charts. Remember you are all adults. Trade your own plans and your own limits
Not sure if the current C wave (if this is actually a larger B wave of a zig zag) has finished and we already have an impulsive structure down...
We seem to be in a wave 3 rise or wave C rise of an extended zigzag. Wave 3/C has reached 161.8% FE of 1/A. Thus, at least a short term pullback should come, at least till 38.2%.
This trend line break has been a long time coming. I love the story of this company they are attempting to breed Tuna in captivity which is notoriously hard, they have made some headway, but have had a lot of success breeding high-grade king fish for the Australian and export market. They just announced a deal with China to export king fish, which looks to be a...
on 30m frequency, technical analysis using the CHAN theory: comparing the two vertical region, the first drop is very much stronger than current one. While the "central region" in the middle is holding current movement of price. This concludes that the downward momentum has been depleted, and it should favour upwards movement. technical analysis using MA: MA34,...
Updating my previous entry that was based on the trend... It seems the support level may be rising and a potential break out of resistance levels. We'll have to wait and see, I'm not going to trade this for now. Clearly the market has been particularly strong the past few days....
From the first chart, if target 1 and 2 is reached.. It will potentially complete a C Leg for two potential patterns to form. If so, then I would look for evidence for a reversal back up and confirm if price completes the D Leg to complete the pattern. If the two patterns complete, then i will look to enter short.
From the first chart, if target 1 and 2 is reached.. It will potentially complete a C Leg for two potential patterns to form. If so, then I would look for evidence for a reversal back up and confirm if price completes the D Leg to complete the pattern. If the two patterns complete, then i will look to enter short.
If ASX gaps over 7.46, consider using the Retest Gap strategy. To learn to trade for free go to www.RealLifeTrading.com
This chart is a little confusing but I'm attempting to show two sets of evidence that build the case for a drop in the ASX200 of 160 points to the support of ~5368 as a minimum movement. The first set of information includes the blue arrows and the black resistance line at 58 points above the zero line on the MACD signal chart and the green text boxes. We can see...
Advanced Semiconductor Engineering appears to be trading within a rising wedge as recent supply levels are being tested. If the current situation continues, its reasonable to assume that a drop in price to the 4.65-4.50 range may occur before demand levels are once again met. Any break below this results in demand levels at 4.00-3.50.