$AVH 1month base. gap filled and bounced. $4.13 break on vol?Seems to be a top little market leader. See if the market agrees for a continuation move out of a 1M base.
$NXD cappers get capped. Accumulation shapegot distracted, the 200k @1.50 seller taken out. Ed stock.
Exhaustion or continuation now? twt.
$APX $APX.ax #ai
Pullback into Previous Weekly Open and reclaim would be trigger for me,
or
Above the Macro Mid range consolidate and acceptance above and between MID and range high.. Is trigger for long.
Hold below Weekly open = All bets are off ..
CXO LONG (ASX)Moved from a running flat to an expanding flat . Spot lithium prices have fallen 34% in the month of March, highlighting a slowdown in demand caused by contractionary monetary policy. The spillover effect onto major banks indicate a stronger possibility of further downside which may lead to a recession during summer (US). Downside is clearly linked with a number of macro factors including Fed induced banking crisis (SVB) and dropping lithium spot prices. Lithium stocks have dropped significantly in March 23 so will be expecting more corrective movement for now.
The world is moving towards electrification and CXO is now a producer. My forecast is that CXO will exceed $2 in 12-18 months .
$TIE
Looking for a push above monthly open and acceptance.
"Range low" has to hold for this trade to work out.
Consolidation above monthly open is bullish signal for me to trade into Blue Box as target 1 and onto 2
Worry about target 2 if we hold the first Blue box.
Yellow highlighter indicates liquidity and stops that have now been wiped out.
Recent news catalyst
"TIETTO MINERALS ( $TIE $TIE.ax ) has released " Tietto Ramps Up to Full Production at Abujar Gold Mine " on 20/3/2023 at 9:55 am AEST #Tech #Metals #Drilling"
KCN facing resistanceMonth chart -
facing huge resistance @ $2.01
I;ll wait for a close above $2.01 so i can average up.
Day chart -
triangle setup has broken to the upside
but wait for $2.01- 3 to clear for confirmation.
no need to rush this trade.
both long and short term charts looking bullish
and GOLD will head higher as the Fed will keep
monetary policy loose. Fed funds rates will rise
but cheap money is still buying up those
Govt bonds.
the FOOT is on both the BRAKE + THROTTLE.
in the end the car will wear out and the market will implode.
SZL - Technical and Fundamental seem very positive according to this possible Elliot Wave Analysis/ prediction , target could be in the sky ... I just wish individuals and institutes be aware of SZL and its potential , we need more volume...
TLM Will trade to the moon because the lines on my chart say soI mean, look at those lines on the chart!
You'd be a fool to think that you will tell a stock's future price based off the company's earning & profitability! NO, the only accurate way to predict a stocks' future price is by drawing lines on a chart.
If you don't draw lines on a chart you will NEVER make money from trading or investing.
So what have you learnt? It's time to start drawing!!! Stay in profit forevahhhhh
CIA.ASX_Bullish Value Trade_longENTRY: 7.65
SL: 7.09
TP: 8.07
- RSI: 14 Mar 2023 shows reverse from 38-39 level.
- Stoch: 14 Mar 2023 shows reverse from ~20 level.
- VI: +ve and -ve converging
- Rebound 3 times when approach POC area (white dotted lines)
- Convergence of horizontal and trendline value area (solid yellow lines).
- Entry based on breakout from value areas.
CBA Weekly Analysis CBA strongly rejected Weekly lower trend line.
Expect price to move up and touch upper trendline
Fractal Guesswork...Just a plot here roughly outlining what I think happens next over the future - company stands to benefit from macro trends bla bla bla hype cycle should start sometime this year I assume.
Swoop Cheat Sheet...Correction looks to be in it's last stage here as the majority are throwing in the towel and giving up, Company is operating in areas tied in with macro trends and should benefit well over the next 3-5 years.
MNS ascending triangle break out
Looking at a rejection at 0.435 and watching out for a bounce off the trend line, which will confirm the break out.
Trade at your own risk. All the best!
ARU cup and handleLooking at a cup and handle break. Already at all tight high, so hard to find a target point, but if we follow fibs, I'm looking at Target 1 of $0.69 and Target 2 of $0.86. Cup and handle target ideally would be $1.035, but that's a long bet. I look to trade until Target 1 and then freehold.
DYOR and trade at own risk.
NHC head and shouldersNHC making a head and shoulders. Looks like we are in for a correction to $5.
DYOR and trade at your own risk.
PDN head and shoulderLooks like PDN is done for, for now. Possible head shoulder pattern on daily, with target of $6.35.
DYOR and trade at own risk.
Commercial Bank of Australia..Everyone seems concerned by a run on the banks of late. Then the question came, is this an isolated event? Is this a US banking crisis? Or is there evidence for contagion?
The answer was surprising. Silicon Valley Bank had indeed printed a strong bearish divergence with sell signal back in December 2021. Are other banks doing similar?
First contender is the Commonwealth Bank of Australia. On the above 2-week chart a double top bearish divergence is confirmed. Not dissimilar to SVB. Two obvious areas of support exist. The strongest at $80 and the first support at $86. The $80 level of support has existed for 30 years (see monthly chart below). Will the 30 year support level hold? There is a high probability.
The short term the chart is incredibly bullish with a probable move to $115. After that, be short.
Ww
Monthly chart
Daily chart
CSL looking unwellSo... my previous bullish attempt at this pattern failed, and I am now looking at the bearish play. A rising wedge pattern, looking to break from the rising support line. If this plays out, then the target will be around $248. The target is supported by the height of wedge, fair value gap and fib level, so looks to be a very strong possibility. The bearish sentiment is also supported by the disruptions to CSL business (Vifor), a higher cost environment, interest rates rises and latest drop in dividend payout.
DYOR and trade at own risk.
PMV.ASX_Bullish Value Trade_LongENTRY: 27.65
SL: 26.60
TP: 28.26
- RSI: 3 Mar 2023 shows reverse from ~50 level.
- Stoch: 3 Mar 2023 shows reverse from ~20 level.
- VI: Shows divergence
- Moving averages are aligned.
- Convergence of horizontal and trendline value area (solid yellow lines).
- Entry based on breakout from value areas.
MGX for the double bottom win - WTwo bullish chart patterns I am looking at with MGX. A double bottom on the weekly and a cup and handle on the 4 hrly. Double bottom is likely in play already. Awaiting break out of the cup and handle. A medium term target of $1.00 around April time. I think if Chinese demand plays in to this earlier, we might see it sooner.
For the time being, looking at break out of $0.675 for this to pump.
DYOR and trade at own risk.
MNB cup and handleI'm looking at a cup and handle on MNB in 4hr timeframe. If this breaks $0.135, the upside is beautiful!
I'm generally very biased on phosphate, as I think it is the next oil. This is obviously a very long term view, but am keen to explore the upcoming players in this industry. MNB I feel is one. However, this trade is just that - short term trade. The chart looks very tempting. Let's see how we go.
DYOR and trade at own risk.
