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Oceania - The Value PlayOceania shares were a touch higher after reporting a mixed result, with operating earnings holding up due to sales margins, while sales volume is starting to slow. Oceania cut its full-year dividend to 3.2 cents per share, as the next couple years will appear challenging for the business given rising interest rates. We still view Oceania as a value retirement village play, trading at an attractive valuation to its peers, with Net Tangible Asset per share slip down to $1.33 - with room to fall further over the near-term, but Oceania trading -40% below that negativity is priced in. Read more at research.blackbull.com
ASX:OCA
by BlackBull_Markets
TLS LONGBREAKOUT Major up Current down Broke on the upside with volume spike. Took position $4.38. gap filled far from breakout candle close. RRR 1:2 Entry $4.38 TP $4.51 SL $4.30 LIKE 1) Breakout happen near EMA. might provide good RRR. 2) Reduce position sizing after that from 100% to 60% after observing that theres no follow through. DISLIKE 1) On hindsight, it does look like a marginal breakout candle formation. (not long enough) 2) Chase trade due to fear of missing out. broke at 4.36 and yet brought at 4.38 (Fear of loss missing out) 3) not confident in the followup move candle came back down to test EMA. The followup momentum dint happen
ASX:TLSLong
by ZanderGoh
EVN hold $4.50 target but longer journeyPull back met at $3.76-$3.72 ✅ Inverse head and shoulders forming with an ascending neck line Possible sideways chop in Gold or slow rise of Gold. Debt Ceiling should get approved if not Gold will spike and thus EVN Until Fed officially pauses rate then Gold to spike past previous highs EVN to pull back possibly to $3.60 before ranging back up to $4.50 Still holding conviction on EVN $4.50 and beyond if the gold Thesis plays out. —————
ASX:EVNLong
by rolandfinance2020
1
Critical Support Level for LKELake Resources presents a promising opportunity with low risk and high potential for rewards. At present, the stock appears to be consolidating around the 60 1/2 cents range, potentially indicating a bottoming out of prices. However, we should also note that the downtrend line, as depicted by the chart's line, is currently descending into the price action. Confirmation of a bullish trend will occur when we see a break above this descending line. It is noteworthy that there are several similarities between the charts of Lake Resources and Core Lithium. We recommend setting a stop loss just below the 60 cent mark for this trade, as it appears to be a key level of support and resistance for the stock.
ASX:LKELong
by ClinicalTrader
6
Strong result and reasonable valuation Westpac shares bucked the trend amongst its banking peers rising after revealing its half-year result for the first half of the 2023 financial year. Cash earnings came in at $4,001m which rose +22% from last year benefiting from higher interest rates and making progress to become a simpler, stronger bank with disciplined cost and margin management providing $1 billion of in cost savings. Interim dividend came in at 70 cents per share, up +15% from last year, and a 61% payout ratio to further strengthen their balance sheet. We welcome Westpac’s result which was in-line with market expectations and with a conservative view anticipate loan business and margins to tighten slightly given the slowdown in the housing market due to rising interest rates. Westpac as still trades at a reasonable multiple compared to other big four banks’ forecasted to pay out a 6.5% dividend (taking a prudent approach of assuming no dividend growth from here). Read more at: research.blackbull.com
ASX:WBC
by BlackBull_Markets
XRF Heading lowerUsing Volume Profile analysis to show where the XRF price can be heading after such a great run in April. During consolidation period followed by a move higher, the price pulled back toward the previous Point of Control (POS) before the position was defended and price bounced off before moving higher. Prior to the big move up on 14-Apr, the POC was clearly building around the 1 - 1.03 level. If it falls below the 1.15 level which happens to be the 0.618 Fib level as well, it will most likely fall back to around the 1.00 level as there is a low volume profile region below 1.15. My expectation is that this position around 1.00 will be defended as the fundamentals for the company remains strong. This could also be a good entry point for those who missed the initial run up.
ASX:XRFLong
by jazziej
QBE Weekly Divergence possible bollinger band reversalQBE weekly divergence Its important to maintain some level of impartiality when looking at charts... i.e. what's happening right now I've held this as a long term position play but it looks like there are some crack appearing which may signal a few months of consolidation Typically divergence leads to the price coming back to at least the 50ma area While I'm not going to trade this as I'm long and I do not short stocks, I thought it was interesting
ASX:QBEShort
by dionvuletich
Look for pull back to $3.76 consiolidatePull back to $3.76 Look to entry at these levels after confirmation of points below ( one scenario) 1. as. strength wanes 2. Dollar has a slight rally up and then EVN back down to consolidate 3. then Debt Ceiling anxiety brings gold price up 4. Debt increased to $$$ >34Trillion - Dollar looses more purchasing power - USD down $1.00??- ZIRP - rates down, down 5. EVN goes up with TVC:GOLD up 6. Target $3.76 7. React to any other narratives -if trend still is our friend then next target $4.45 (Fib Ret 31.8)
ASX:EVNLong
by rolandfinance2020
4
CAY (ASX) bullish set upAlthough CAY ( ASX) is an information driven asset awaiting mining license, there is some bullish structure. Currently the price is sitting at 0.045 this is insider price purchase and is holding steady. After a large break to 0.078C currently price is forming a descending wedge on the daily / weekly. If price can break-out and hold the daily 50ema: Potentially could see price go to 0.095. - Remember currently nothing has been confirmed. 1 - We are awaiting break-out of wedge / 2 - and hold of daily 50 EMA. - This is simply just a watch and wait strategy as there is good up-side potential on CAY if a breakout is confirmed and could potentially mean a mining license is close / if the structure is to complete.
ASX:CAYLong
by BBALBISS
1
Shares - ASX - Paladin. Ascending triangle get longShares ASX - Paladin. Paladin appears to be bottoming out. Possible double bottom. So we have a reversal pattern as a starting point. We then started forming an ascending triangle with resistance at 0.66. RSI on the triangle is stronger suggesting the triangle should breakout to the upside. We have a dragonfly doji recently also suggesting bullish price action. RSI is higher as the triangle forms. Volume is low as the pattern forms especially on the sells. STO has dropped to 14 on the recent low so it is primed for a bounce. Entry. More risk adverse traders would enter on the break up of the 0.66 range. Less risk adverse traders enter at the bottom of the ascending triangle. Pretty much now. I bought now. Target 1 is 0.75. Stop loss 0.57. Current price is 0.615.
ASX:PDNLong
by thecryptochart