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NMT things are looking upThis picture tells a lot. For the sake of simplifying the chart I have removed money flow which is also positive (as of the last few days). If you look at extreme volume over the last few months, it has always occurred at the topside of a mean - that is, distribution. The downtrend abated on the 20th March (with supporting volume on the 17th and 20th enough to arrest the decline). This was extreme volume at the bottom side of a mean - so something has shifted. The grey Stochastics showed some trading interest from this which then peaked on the 14th April and there was no follow through on the longer term stochastic (in blue). Heavy supporting volume arrived on Wed 26th in the same buy zone as the 17th March. Due to the last couple of days, I'll go on a limb and say this stock is now being supported at these levels (Accumulation). Some more obvious things to think about: The downtrend has abated with a basing pattern underway. The first run out of the block on the 20th March received little long term support but you often see that after a downward trend. There's now a positive divergence on the fast Stochastic from March 17th. There's no heavy supply until 80c. A break of 65c would be very constructive. NB: this is not to be construed as financial advice. This is very early days in a potential turnaround.
ASX:NMTLong
by dibster
1
Emerald Resources (EMR:ASX) Wedge BOHey all, I'm still very new to investing but have seen success with EMR. I was an investor in Bullseye (BE) who was acquired by Emerald Resources (EMR) I've been quite a strong believer in gold more recently due to the current world events happening around us and also believe there is some more economic pain to come in the future. I'm in no way a pessimistic person however whilst looking at the world economy and the possibility of it slowly ticking down and being realised that a sickness resides deep within gold has become more and more popular as a defensive commodity. So, let's jump into my TA. I was awarded 8650 shares of EMR valued @ 80c There is a lot of positive signals in the books and within the graph itself. I identified a form of wedge and some areas of interest in the forms of the orange lines which act as S/R levels. I'm currently aiming for $1.6
ASX:EMR
by AXiVenture
GL1 (ASX) - Potential swing set up long Following the impulsive movement up since the March 23rd low, the chart formed an expanding flat which is followed by another smaller expanding flat. The longer the build up, the bigger the potential down the track. Usually a bigger impulse (after the flat) followed by consolidation is more desirable. If you look further back at the market structure, this ticker has reached $3. Have a tight stop here whatever you're trading style if you jump in without further confirmation signals. (I would use a 5-7% stop loss). I am only looking at charts here, not fundamentals.
ASX:GL1Long
by Itachi239
$LPI long (B wave potential here)LPI has experienced an impulsive 25% drop after Chile announces that it will nationalise its country's lithium supply. Private companies will be forced to work with the state to develop the local industry. I have not looked in depth into Chile's lithium industry and the potential long term consequences but the market demonstrated how it felt about the announcement. SQM fell 17% and Albemarle fell 9% (both in the top 5 largest lithium companies in the world). It is no surprise th From a charting perspective, this looks like a clear running flat but could also become an expanding flat down the track. The impulsive C wave down could also be interpreted as the end of a new A- wave. This could mean that there B wave potential here for a swing.
LLong
by Itachi239
CBA shorts get readyCBA on its final 5th wave. money printing has helped the banks maintain solvency. if only every business could get a bailout/backstop. Im expecting an unexpected event no one is talking black swan for years now. I pay $15 for a sandwich. but rising rates will not stop inflation and printing money will not save the banks this time. Gold is the economic indicator telling the market how things really are. We've been in recession since 2020 real economic growth is more than inflated house prices.
ASX:CBAShort
by RogueCleaner
2
QPM LONG (ASX)QPM's debt financing is making progress. An important milestone was reached with a German supplier collaboration agreement as well as German Funding support. German companies Plinke GmbH and Andritz Separation GmbH & Siemens LTD have agreed with supplying a significant proportion of capital equipment required for the TECH PROJECT. Germany's Export Credit agency provided a tied loan guarantee of 500 million and Kfw IPEX confirmed an interest in providing 250 million. QPM currently has A$1.4 billion in conditional debt funding. Investors await the potential debt commitments of K-Sure and other commercial banks. Investors also await an equity component here. QPM has done exceptionally well despite the economic climate but it is important to be objective as their 2.1b capex total remains a significant hurdle. A high level of risk is still involved here (despiting Stephen Grocott and his team continually derisking this project!). I have personally reduced my holdings out of concern of current macro conditions. From a charting perspective, QPM has been in a deep downtrend since October 2022. QPM has experienced reprieve after the german supplier collaboration on the 4th of April. Without it, the ticker was in the doldrums experiencing a death cross on 7th December 2022. Any impulsive movement above the top trendline (15c to 17c) alongside a corrective flat in that range will constitute a buy signal. Any movement like this would probably coincide with further debt financing progress. Can Stephen Grocott and his team bring this home?
ASX:QPMLong
by Itachi239
2
(GTK)Safe entry point to trade breakoutCame out of NZ, software business that takes care of revenue collection for utility co. Software collects and calculates bills - single most important software in those businesses. Smaller version of Hansen. In Intelligent Investor portfolio. Key UK market, no fault of their own - deregulation of utilities in UK caused a lot of them to collapse - share price tanked. Small exposure to airports - best turn around software play. • Gaining momentum after a big rounding base patten. • Filling up gaps from 2020 big drop. • Turnaround play In a low vol profile zone and looking to close big gap downs from Jan 2020. ATR 1 has been spiking on the recent big move up at end of Nov-22, has been on an uptrend since. Looking for a pullback to the most recent resistance area to provide support.
ASX:GTKLong
by jazziej
Australia Qantas Announces Great Results. Price drops 7%.Qantas has announced an interim underlying pre-tax profit of $1.43 billion in its first return to profitability since the coronavirus pandemic started. The airline's record first-half result was at the top end of its forecast , with revenue of $9.9 billion. All segments of its business turned profitable during the half year, led by Qantas Domestic, which recorded $785 million in earnings before interest and tax. Qantas expects travel demand to continue driving the recovery in 2023 and 2024, with domestic capacity set to exceed pre-Covid levels in the second half of 2023. Good news is bad news again. Seems like an over reaction. Might be worth keeping an eye on.
ASX:QAN
by zAngus
2
Australia's Dominos Blasted -24% On Earnings. Overreaction?Domino's Pizza Enterprises Ltd.'s stock in Sydney dropped 24%, its biggest decline ever, after reporting a 21% drop in first-half earnings as customers resisted price hikes implemented to offset inflationary pressures. The company stated that the increase in prices hurt customer counts, especially in Europe and Asia. From personal experience I can confirm. I'd order Dominos weekly because they were about half the price of my local Pizza guy. After the price changes there isn't much difference, so my local dude is getting a lot more of my orders each week. Still, seems like a big over reaction and the last few times the RSI is this low there has been between a 15% to 30% recovery. The big gap down will also draw some attention and look to get filled. Might be some coin in a short term trade at least for anyone interested. Worth a look.
ASX:DMP
by zAngus
1
PLS Long (ASX)The C wave from March 2023 demonstrates bearish movement from falling lithium spot prices and a bearish macro environment. The C wave movement has turned this from a running flat to an expanding flat . Interesting to watch market psychology is at play here as participants sold PLS down despite a 1.2 billion in profit and a maiden 11c dividend paid out. Prices reached as low as $3.5 during this period. This could either be a completed expanding flat or the C wave in this flat could actually be the beginning of a new A wave. As demonstrated by the 2016 to 2020 corrective flat, prolonged consolidation lead to a 35 bag movement. Regardless of whether it's the beginning of a new A wave or the end of an expanding flat, consolidation is healthy. Expect short term upside too. PLS long for the next decade. ** Note: During the end of March 2023, Albermarle attempted to acquire LTR. The big players are accumulating despite bearish sentiment.
ASX:PLSLong
by Itachi239