Mean Reversion on LINKNot my usual setup but offers a good R/R for Mean reversion to the previous lows. Two heavy flushes to the downside + Market winds to downside have pushed this stock down rapidly to oversold area.
Position Open: 1.98
Risk: 1.95
Target: 2.5
Trade Open.
FPH.ASX_Bullish Pullback Trade_LongENTRY: 23.60
SL: 22.72
TP: 25.25
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI +ve
- Moving averages are aligned.
- Stoch RSI crosses up 20.
- Entry (on 1 Feb 2023) based on controlled pullback (since high on 20 Jan 2023) to resistance-turn-support area (22.97) and rebounded with increasing volume.
Harvey Norman - Attractive Valuation (Value investing category)
****Not a Financial Advice******
Harvey Norman with a dividend yield of almost 8.5% and now after earning release has corrected between 11-14% in a matter of a week.
The downside is contained with side way consolidation for next few months. Two much bad news and headlines now make it as value buy. Always a good idea to look for opportunities at peak pessimism. Consumer discretionary and housing market/approval downturn pointing in that direction. Markets are forward looking. To me, this looks attractive for Long opportunity with a 1-2 year horizon. Do you own due diligence!!!
Disc: Holding it in my SMSF.
Commonwealth Bank of Australia CBA, 62% weekly Fib Level. BUY!!Looks Like Price is retesting the 62% weekly Fib Level.
Downside for $29MClear Head and shoulder formation with a breakdown at the neckline taking place today. All indications support a bearish move. Be patient and wait for the retest to complete. No FOMO
Swoop Cheat Sheet...Capitulation in process by the looks - Operating in a big macro trend of digital twins and other additions - Expecting this to do extremely well over the coming years.
ASX:UNT - a possible journey for the next 3 weeksThis is how I see ASX:UNT traveling for the next 3 weeks. Target around 7.5~8.0 by 25th March 2023.
Let's see how this goes. (2H TF)
$FRX 0.045 blue sky ready?ASX volume query with a 'no news' here response this AM bodes well imo
Nice demand at these levels, could be time to move on out
HOLDING
STT in red
QBE: Analysis: Two situationsOn QBE we have two situations. After the breakout with force the resistance line by a big green candle with a large green volume it's mean that we will have a big probability to have an uptrend.But, in other hand we will have a downtrend if only if we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume.Thanks!
Harvey Norman shortHarvey normal showing a bearish long term rising wedge formation. It will break to the downside. This is confirmed by bearish divergence on 3 month RSI and MACD.
Two EMA and a Super Pivot Point Trend Using these indicators can help analyse when the best period/time frame is to buy as well as when the best time to sell is. (Disclaimer: This has not been tested to the extent where it should be completely trusted while trading)
#DDR #ASX #AUSTRALIA Head and Shoulder Top breakdown27 months long Head & Shoulder Top breakdown !!
Probable target mentioned. .
Hopes for a accurate trend predictionjust a prediction
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SYAThe previous analysis was right. The wave 3 has already started that it aimed higher. Price has to break through the previous resistance to achieve its wave 3 target but it's a very long way to go.
RHCA very long consolidation of a larger wave 4 still in progress. The final leg y of (wxy) will end in a zigzag pattern that indicates the completion of wave 4.
Support Area at $1.5This stock has been lagging it's peers due to weaker fundamentals. The energy sector is still strong, with no sympathy for BPT as of yet.
BPT currently at a key support level showing strength and forming higher lows, entry for low risk high RR.
Trade Open: 1.48
Risk: 1.45
Target: 1.7, will follow with stop beyond this level
Trade Active
Good Quality Mean Reversion TradeThe stock has broken out of it's downward trend and side winding at the moment, there is a strong possibility for a mean reversion play - not the best RR but the probability of a mean reversion move is higher on this stock. Market conditions still make bullish trades difficult. I had bought and sold the previous support and now looking for a longer uptrend. Stop is tight due to market trend.
Open: 0.65
Target: 0.92
Stop: 0.63
Trade Active
BHP bearishThere is a triple negative divergence with BHP and the RSI and Stochastic RSI on the 3 monthly timeframe. BHP is forming a long term rising wedge on the log charts. We should get a reversal to the downside before the move up.
Bottoming Out...Correction looks to be close to completing/done - Clear 5 waves up and 2-4 trend line break confirming it - ABC down structure is Zig-Zag and is looking quite clean.
XERO 3WK AnalysisXERO touch bottom trendline at around 64. Expect price to break the RED trendline.
Price may touch strong resistance at 90.
CSL 3WK AnalysisCSL is showing weak strength. Possible reversal from 3WK trendline. Expect price to move to 282. It could also touch strong support at 242 zone
Buy ideaAs you see on the chart we will have a big probability to have an uptrend after the breakout with force the resistance line by a big green candle with a large green volume. So, in other hand we could have a reversal trend after the breakout with force the support line and the vwap indicator by a big red candle with a large red volume.Thanks!
