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Asx200

MSB - Bullish (A Medium to Long Term Buying Opportunity)1. Price has plummeted down and stopped at exact upward sloping 50 Months Moving Average 2. Price got support exactly on the 200 Weeks Moving Average 3. Price got support at a very strong Monthly Support Level I believe this is a great medium to long term buying buying opportunity, as price got supported at many confluence levels, as this might be a Higher Low on the Monthly and the Weekly Chart. The support level of $2.00 is very strong. As price got dumped aggressively, I believe it will take some time for it to move up very quickly. I think price will consolidate and coil and there will be a lot of accumulation which may take time for price to take off. I will be watching price action and will enter once bullish price action is confirmed. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:MSBLong
by AsimMirzaTrader
3
KGN - Medium term Bearish Trend ConfirmationBearish Trend Confirmation Indications: 1. The trend has got weak on the weekly and Monthly with Bearish Engulfing Candles and High Volume 2. The price has broken the trendline and formed a lower High and a lower Low which is confirmation of a bearish trend 3. The down move was a powerful and impulsive wave I expect price to retrace on the upside, and I expect price to get weak at or near (Resistance 1 ~ $20.00 level) or (Resistance 2 ~ $22.50 level), where sellers will attempt to dump the stock. I expect price to get dumped. The ideal level and extremely Strong Support Zone is between $9.00 - $10.00, but it is not necessary that price may drop all the way down to $10.00. There may be little swings on the way down but will have to see where KGN finds strong support. I would be a confident buyer at that strong support level for a long term position. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:KGNShort
by AsimMirzaTrader
1
KLA - Looks like that the medium term trend has changedBearish trend confirmation indications: 1. Formed a double top on the Weekly and Monthly charts 2. It is coming down in a stair step fashion, making lower highs and lower lows on the Daily Chart 3. The bullish trend has been running since a long time, but the monthly candle for November was a big red engulfing candle, and a bearish closing near the lows. 4. Seems that the Bulls have exhausted. There might be two scenarios in the near future. Scenario 1. Price might go up to Resistance Zone of ~$63.00 - ~$66.00, and then fall. Scenario 2. Price might consolidate within ~$53.00 - ~$57.00 and shall break the Support of $ 53.00 and close below. In either case, I think that the Bulls have got weak at the current levels, and buying is Risky now. I am expecting price to fall below Support of $53.00 and would be looking to buy at Strong Support Zone (at or close to $39.00 - $41.00) after confirmation of Bullish Price Action. The Support Zone of $39.00 - $41.00 has been strong in the past as well, so it might be a very good buying opportunity when it reaches the Support Zone. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
KShort
by AsimMirzaTrader
Who saved my Z1P?🤫🚨🚨🚀ASX:Z1P seems to bounce back but is the savior clement enough to let it shine once again or is it a bull trap before a plunge deep down in the bears dale? Lets deep dive and analyze. If you remember my last post on ASX:Z1P I mentioned that this stock was playing with fire writing a H&S or head and shoulder pattern. Eventually it got caught up in its games and it started dropping. But who stopped that drop? You can see the big red line on my chart, that is Mr 200MA that said nah nah to bears and gave another chance to Z1P. But can we say the worst is over and we bouncing back? Of course not, not until we have either consolidated at the 5.3$ levels for few days and at least close one daily candle above 5.540$. Besides the bullish structure is broken and we need bulls to come back. Also reading the orders book I can see bears still in control for a 2/1 force. Other points to notice, stock below 8 and 21 EMA so not looking good imo. I will keep my eyes on this stock as historically it has been a source of juicy profits and will update you when I find any tradable structure. Stay safe and keep smashing the likes. XTF
ASX:ZIP
by xtf_ze_trader
XJO going to drop like a falling stone?👹🚨🚨👿XJO aka ASX is showing a particularly dangerously bearish pattern. Are we gonna see a revit to 5900$ levels ? Are the bulls gonna dump their positions and run? Lets dive into this chart and analyse. The chart is depicting one of the patterns that is known to be bearish. That patter in a bearish divergence. We have higher highs on price but lower highs on RSI. Shown by 2 blue lines on the chart. If this plays out where does the TA leaves us? To me 6413$ level will be a place to keep an eye on and if it is broken, 6200$ is the level to watch. I am not short yet and I am waiting for 6500$ to be broken before considering this. I will keep this post brief as I am still waiting for a few catalyst to happen then I will update you as days go by. If you like this TA please give a thumbs up. Have a great weekend ahead.
ASX:XJO
by xtf_ze_trader
2
EVT - Presenting good buying opportunity between $9.40 and $8.75EVT is expected to provide a good buying opportunity between $9.40 and $8.75. It has proven that it is now in an uptrend and the bullish confirmation indications are: 1. It has been printing higher highs and higher lows 2. it had formed a golden cross which is bullish 3. The recent swing to $11.50 was very impulsive Since it has hit the Resistance level of $11.50, it has been forming bearish candles, which suggests now there is selling pressure and it may pull back. I think it will present a very good buying opportunity. I think it may pull back to its 50% Fibonacci Retracement level and there is also a gap window in the Buy Zone, between $9.40 and $8.75. which is a confluence. Please note these are my own notes for future reference, by no means trading advice to anyone. Please do your own research before entering into any trade
ASX:EVTShort
by AsimMirzaTrader
2
WHC - Ultimate Buying OpportunityBullish Confirmation Indications 1. WHC has broken out of the long term downward trendline with High Volume 2. Price Action have been impulsive which indicates that Bulls are in control. I am a confident buyer between $1.285 - $1.175 Buy Zone which can give potentially a 70 % gain. Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:WHCShort
by AsimMirzaTrader
IFL - Bullish Trend ConfirmationBullish Confirmation Indications 1. IFL has broken out of the long downward trendline with High Volume 2. Price Action have been impulsive which indicates that Bulls are in control. 3. The price action is consolidating against the trendline. 4. IFL is looking good on the weekly and monthly charts. I expect IFL to pull back to the Buy Zone between $3.52 - $3.25. I think it will be a good opportunity to buy with an 18% potential gain on the first trade and 24% potentially on the second. Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:IFLShort
by AsimMirzaTrader
SHL - Bearish Trend ConfirmationSHL - Bearish Trend Confirmation Indications: 1. The trend has got weak on the Weekly and Monthly with Bearish Engulfing Candles 2. The price has broken the trendline which is confirmation of a bearish trend 3. The down move was a powerful and impulsive wave I expect price to retrace on the upside, and I expect price to get weak at or near (Resistance 1 ~ $34.85 level) or (Resistance 2 ~ $36.75 level), where sellers may attempt to dump the stock and form a Lower High. I expect price to get dumped from either of the Resistance Levels. I believe that buying now is Risky. The ideal level and extremely Strong Support Zone is between ~ $26.50 - ~ $27.30, but it is not necessary that price may drop all the way down to these levels. There may be little swings on the way down but will have to see where SHL finds strong support. I would be a confident buyer at that strong support level for a long term position. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SHLShort
by AsimMirzaTrader
TPG - Bullish Trend Confirmation TPG - Bullish Trend Confirmation Indications: 1. Price has broken the down trendline 2. It has formed a higher Swing High 2. Price has retraced back to support and has confirmed bullish price action I believe price has shown bullish price action at support and I expect price to go higher and hit the target level of $9.60. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:TPGLong
by AsimMirzaTrader
NST - Seems that the medium term trend has changed.Bearish trend confirmation indications: 1. Formed a double top and broke the trendline. 2. It has made a swing low of $12.18 and consolidating near the Support Zone. 3. The bullish trend has been running since a long time, but the monthly candle for November was a big red engulfing candle, and a bearish closing near the lows. 4. Seems that the Bulls have exhausted. There might be two scenarios in the near future. Scenario 1. Price might go up and backtest the broken trendline and Resistance, and then fall. Scenario 2. Price might consolidate and will break the Support of $ 12.18 and close below. In either case, I think that the Bulls have got weak at the current levels, and buying is Risky now. I am expecting price to fall below Support of $12.18 and would be looking to buy at Support 2 (at or close to $8.00 - $9.00) after confirmation of Bullish Price Action. The Support 2 area of $8.00 - $9.00 has been strong in the past as well, so it might be a good buying opportunity when it reaches the Support 2 Zone. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:NSTShort
by AsimMirzaTrader
1
A2M - Bearish Trend ContinuationBearish Trend Continuation Indications: 1. Bullish Trendline is broken 2. Has been consolidating below the trendline since ten trading sessions. 3. Unable to break above the trendline and close. 4. It did try to move up but was unable to sustain above once, and then fell below. Scenario 1. I would be comfortable to buy once it reaches the Buy Zone between $11.22 and $11.95 and shows Bullish Price Action. Scenario 2. I would buy when it closes above the swing high trendline for atleast two consecutive days to show that Bulls have regained control. P.S. My target would be $20.00 level (Previous Resistance), which would be 60% gain. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:A2MShort
by AsimMirzaTrader
4
CCA - Bullish Trend line Support IntactBullish Trend Continuation Indications: 1. Upward Bullish Trendline working as Support for price. 2. Have been consolidating above the trendline which is a positive sign 3. I would wait for price to close above the previous Green Candle's High on the Daily Timefrme to give me confidence that Buyers are in control and they want to take it higher. 4. If price closes below Wednesday's low (0.135), then this trading plan will not be executed. 5. If I take a position, my target will be 0.210 (Previous Resistance), which may give a 40% gain on the position. 6. I will be closely watching and see how it develops further to take a buying position and will update accordingly. Note: Please note these are my notes for my own future reference. By no means trading advice to anyone. Please do your own research before entering into any trade.
ASX:CCALong
by AsimMirzaTrader
FLT - Bullish Trend ConfirmationFLT had been hit hard in the pandemic, and now the price action proves that FLT has found a bottom and expected to head North. 1. It has also printed a higher high and a Golden Cross is in development. 2. Current price action suggests it is finding resistance between its recent high of $19.12 and $17.50 , and may give a retracement. 3. I would be a confident buyer at the 50-61.8% (Buy Zone), between $14.00 and $15.15, also there is a gap window in this zone, which is a confluence. 4. Price Action suggests that FLT has a lot of room to catch up and the next resistance is at $33.00. I will be monitoring the Price Action closely and will update accordingly. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:FLTLong
by AsimMirzaTrader
Wait for Ultimate buying opportunity at $20.50 rangeLooks like it is still in pressure, making lower lows and making lower highs, continuing it's down trend. Next support is around $25.08 range, if breaks then $21.50 is pretty storng support, presenting good buying opportunity. If this scenario realizes then followign should be Take Profits: 1. TP-1: $25.00 ~ (20% profit approximately) 2. TP-2: $29.90 ~ (19% profit approximately) 3. TP-3: $31.70 ~ (5% profit approximately) Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
NShort
by AsimMirzaTrader