ASX
MIN.ASX_Breakdown Trade_ShortENTRY: 39.25
SL: 42.49
TP: 36
- ADX>20
- RSI<50,RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Tried to rebound on 25 Oct 2021 but got rejected the next day at HVN and support turn resistance level.
- Short term downtrend to the next support level still intact with sellers still in control.
TLS @ 18 NOV 2021Text me if you have any questions/comments for me.
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TLS
- Previous analysis was done on 23 Sep (red arrow) - Suggested waiting for a successful breakout of $4 resistance before plotting entry
- Since then, the stock retraced back to re-test the 3.70 support levels and slowly rebounded
- Today, it successfully broke out with above average volume
- Next overhead resistance looks to be around 4.50 levels
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry if believe the stock can have a sustained breakout
SHJ @ 18 NOV 2021Text me if you have any questions/comments for me.
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SHJ
- First time doing an analysis on SHJ
- Stock doesn’t have a good history of strong volatile uptrend, but it does respect the short-term support a lot
- Recent retracement back to the short-term support is a good sign
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry if believe the stock is capable of forming a new high
KAR @ 18 NOV 2021Text me if you have any questions/comments for me.
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KAR
- First time doing an analysis on KAR
- Stock doesn’t have a good history of uptrends
- The good uptrend only started during the covid pandemic in March 2020
- The recent retracement back to the short-term support could provide a good opportunity for entry
- A successful rebound look to be around 1.88 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
IMU @ 18 NOV 2021Text me if you have any questions/comments for me.
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IMU
- Previous analysis was done on 4 Oct (red arrow) – suggested waiting for a successful rebound around 47.5 cents before plotting entry
- Since then, the stock has created a new high, retraced, and looks to be rebounding off the short-term support
- If have taken the entry suggestion, you should be having roughly 19% gains in roughly 3 weeks
- A successful rebound look to be around 60 cents
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
CMM @ 18 NOV 2021Text me if you have any questions/comments for me.
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CMM
- Previous analysis was done on 2 Nov (red arrow) – suggested plotting entry at 2.65 levels if believe the stock can create new all-time highs
- Since then, the stock created a new all-time high and looks to be retracing back to the short-term support
- If have taken the entry suggestion, you should be having roughly 7% gains within 2 weeks
- Today’s retracement looks to be providing another nice opportunity for entry
- A successful rebound would be when the stock recovers to around $3 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
AZL @ 18 NOV 2021Text me if you have any questions/comments for me.
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AZL
- First time doing an analysis on AZL
- Stock doesn’t have a good history of uptrends
- Since stock IPO-ed in 1990, it has had periods with sudden exponential price movements that can give very good gains and very bad losses all in a short period -> not a stock that would fit conservative traders/investors
- After the recent push from mid-Oct 2021 to a 4.5 year high, the stock is close to it’s psychological support of 10 cents
- A successful rebound look to be around 13 cents
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with huge price swings
AEF @ 18 NOV 2021Text me if you have any questions/comments for me.
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AEF
- First time doing an analysis on AEF
- Has a good history of strong uptrends
- Looks to have a strong support at the short-term average but occasionally retraces all the way back to the mid-term support
- Recent price action looks to be a sideways consolidation instead of a retracement
- Another test of the short-term support will be good
- Successful rebound looks to be around 14.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if believe the stock can create new all-time highs
ABB @ 18 NOV 2021Text me if you have any questions/comments for me.
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ABB
- Previous analysis was done on 17 Nov (red arrow) – suggested waiting for a successful breakout above 5.30 levels before plotting entry if believe the stock can create new all-time highs
- Today’s price action is accompanied with above average volume is proving to be a successful breakout
- Price is now too far from the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
CTT.ASX_Retracement Trade_LongENTRY: 3.55
SL: 2.82
TP: 4.00
- ADX<20. Would like to be higher.
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS N/A
- Weekly FFI +ve
- Weekly MACD -ve
- Retraced since 17 Sep 2021 with lower volume to 50% fib. level.
- 13 Oct 2021 shows high volume with doji indicating buyers might be coming back in.
- 22 Oct 2021 shows another sign of buyers coming back in.
- Today shows possible volume dry up after a selling candle yesterday.
LOV @ 17 NOV 2021Text me if you have any questions/comments for me.
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LOV
- Previous video analysis was done on 10 and 11 Oct (red arrows) – suggested waiting for a successful rebound around $21.50 before plotting entry if believe the stock can create new all-time highs
- Since then, the stock has successfully rebounded and has created a new all-time high
- Stock is currently too far from the short-term support
- Another retracement to the short-term support and a successful rebound would be good for the continued uptrend of the stock
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
IMD @ 17 NOV 2021Text me if you have any questions/comments for me.
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IMD
- Previous analysis was done on 9 Nov (red arrow) -> suggested waiting for a successful rebound at 2.90 before plotting entry if believe the stock can create new all-time highs
- Since then, the stock has rebounded and created a new all-time high on 15 Nov
- Today, stock has retraced back to the short-term support and a good rebound looks to be at 2.90 levels again
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if believe the stock can create new all-time highs
CBA @ 17 NOV 2021Text me if you have any questions/comments for me.
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CBA
- Previous video analysis was done on 13 Oct (red arrow) – suggested waiting for a successful rebound above $109 before plotting entry
- Today, the stock gapped down below the short- and mid-term supports
- It closed below the strong psychological support of $100
- Coincidentally, today is the 4th time the stock has gapped down back towards the $100 level -> I personally don’t think this is significant. Just that it’s curious coincidence
- A successful rebound look to be around $104 levels
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
ABB @ 17 Nov 2021Text me if you have any questions/comments for me.
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ABB
- Previous analysis was done on 4 Oct (red arrow) – suggested waiting for a successful breakout and a better setup for entry
- Since then, the stock has consolidated sideways and today is breaking out with above average volume
- A successful breakout looks to be above 5.30
- Stock has a long history of sideways consolidation followed by strong breakouts
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry after a successful breakout if believe the stock is capable of creating new all-time highs
The ASX looks goodMonthly chart for the ASX (Australian market)
Green ovals show the clear bull rejections along the major trendline which has been recently tested and is breaking out to the upside
I have labelled the chart patterns - I am unsure however if the 'Symmetrical triangles' are really that or Rising Wedges, so take that with a grain of salt
WES @ 16 NOV 2021Text me if you have any questions/comments for me.
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WES
- Previous analysis was done on 1 Sep (red arrow) -> suggested waiting for a series of HHs and HLs
- Since then, the stock tested the $54 support and has successfully broken through the short- and mid-term resistances
- HHs and HLs are starting to form, and this is good
- The stock is testing the $60 psychological resistance at the moment and a successful breakout looks to be around $61
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting a successful breakout of the $60 psychological resistance before plotting entry
RNU @ 16 NOV 2021Text me if you have any questions/comments for me.
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RNU
- Previous analysis was done on 15 Oct (red arrow) - Suggested waiting for a successful rebound before plotting entry if comfortable with high price volatility and strong overhead resistance
- I also mentioned that if stock doesn’t recover to around 15 cents, the stock will likely break below the 12 cents support soon
- Since then, the stock briefly touched 15 cents before retracing back to 12.5 cents
- For the moment, stock is bounded by the short-term resistance and the mid-term support
- A LH formation is not the end of the world but the stock has to create a new HH for the uptrend to be good
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs formation
MNF @ 16 NOV 2021Text me if you have any questions/comments for me.
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MNF
- Previous video analysis was done on 10 Nov (red arrow) - Suggested waiting for a successful rebound around 7.50 levels before plotting entry if believe the stock can create new highs
- Since then, the stock has successfully rebounded and a good entry has presented itself
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry if believe the stock is capable of creating new highs
JHX @ 16 NOV 2021Text me if you have any questions/comments for me.
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JHX
- Previous video analysis was done on 13 Nov (red arrow) - Suggested waiting for a retracement and a successful rebound
- Since then, the stock briefly created a new high and currently looks like it’s retracing
- Another healthy test of the short-term support will bode well for the uptrend of the stock
- At the moment, a successful rebound look to be around 56.50
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
JAN @ 16 NOV 2021Text me if you have any questions/comments for me.
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JAN
- Previous video analysis was done on 11 Nov (red arrow) - Suggested waiting for a successful rebound at around 1.24 before plotting entry
- Since then, the stock tested the short-term support and has successfully rebounded
- Today, it had a strong price action that was accompanied with above average volume
- Stock is now too far from the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
BST @ 16 NOV 2021Text me if you have any questions/comments for me.
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BST
- Previous analysis was done on 2 Nov (red arrow) - Suggested waiting for a retracement and successful rebound
- Since then, the stock has created a new all-time high and has retraced all the way below the short-term average
- I was in the stock and I got out on 10 Nov (blue arrow). I bought on 7 Oct and got out with a profit of around 23%
- Best to wait for a successful rebound before plotting entry
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound
$IDZ 0.025 Tick tock....MC $8m 336M SOI T20 60%
Hard to believe this is still grinding along, suits me....back in for the next push now
The bigger the base, the bigger the space