CRN.AX Daily Weekly Monthly Quarterly and Yearly VWAP ConfluenceASX:CRN Daily, Weekly, Monthly, Quarterly and Yearly VWAP Confluence
CRN trade ideas
Strong BuyPrice breaks above 20 MA being over 200 MA
MACD bullish cross.
RSI breaks MA and moved above 50 level.
Ware at the 50% FIB level.
Amazing buy.
CRN - Trade PlanCRN has headed into Resistance now and I expect a pullback. My Buy Zone is around $1.00 level where I would be be interested in taking a long position. At this level it looks overbought, and I think a pull back lower should be a very good buying opportunity.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CRN - CORONADO GLOBAL RESOURCES INC.Ascending triangle formation is clearly visible. IMO - there is a bit of swing possible still but a good entry point if it breaks 1.01 today.
Fib levels also looking good, breaking the triangle formation, it could go onwards to R1 and R2 levels.
TP not yet definte but who ever is following CRN and this stock's journey would know about the recent Results ann and they have been doing well in the past 6 months.
Feedback appreciated.
Thanks
Akki
CRN - Is the Pullback Over?CRN has pulled back and initially it broke support, but then it bounced off it, so this could be a false break. I will be long CRN if it manages to break and close above the bearish trendline with high volume. This could give confidence that bulls have stepped in again.
CRN - Pullback Over?CRN seems to be in a very stable uptrend as we have witnessed Higher Highs and Higher Lows. The recent pullback has provided an excellent buying opportunity as price has bounced of the Bullish Trendline for the third time, as well as the 200 SMA and the POC of Volume Profile. RSI has also popped out of the Oversold region and MACD Histogram is showing Bullish Momentum and is about to cross. I am bullish and my trade plan is to target the highs.
TP - $1.230 (Potential 11%)
Stoploss - $0.920
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CRN.ASX_LongENTRY: 1.22
TP1: 1.47
TP2: 1.73
SL: 1.09
- RSI>60
- ADX>25
- MACD just turned to green yesterday
- FFI and RSI +ve
- Good volume breakup today but ugly finish with long wick red candle
- Trade with caution and look to tighten SL further
