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ASX

CXU - Breakout?CXU has fiercely broken out of its downtrend line and the price action coupled with very high volume is very constructive. Being a Uranium stock and the increasing prices of Uranium, this looks like it will continue on the upside on a tear. I am bullish CXU with a TP 1 of $0.055 (potential 25% gain) and TP2 - $0.068 (potential 50% gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CXULong
by AsimMirzaTrader
PAA - Trade PlanPAA is trading currently n a descending wedge and is struggling to close above long term trendline. If it manages to close in the given spot (Green Circle Buy Zone), then it may confirm a change in trend and may get bullish, as this is a very Bullish structure. We need to see good volume and a thrust to the upside for confidence. Lets see how it develops in the upcoming sessions. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PLong
by AsimMirzaTrader
BUX - Trade PlanBUX has reached strong support which is also the global POC of Volume Profile. We need a bit of bullish price action confirmation before taking a buy position, so far the price action looks good. If price consolidates at the current level around $0.070, then we could see price going higher. I will be monitoring price action and once confirmed will take a long position with a target of $0.100 (potential 32% gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:BUXLong
by AsimMirzaTrader
SZL - Is it time to get Bullish?SZL may be giving another buying opportunity as it has bounced off for the 3rd time off its trendline. Currently it lacks momentum, but if price picks up or even consolidates at the current levels above the $6.30 zone, then we might see momentum picking up. For this scenario, the low must hold, and it could target the next Resistance level of $8.40 (potential 25% gain). Lets see how it develops in the next sessions. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SLong
by AsimMirzaTrader
3
VVA - Reaching SupportVVA has reached a very good support level now, which is also the global POC of Volume Profile at $1.600. MACD is also forming Bullish Divergence which indicates that the bearish momentum might be coming to an end. We might see a thrust to the upside. If price breaks the downtrend line to the upside along with High Volume, coupled with MACD cross, this would certainly be a buying opportunity and a possible change in the Bearish trend. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:VVALong
by AsimMirzaTrader
ALU - Trade PlanALU slumped hard but there could be another opportunity to buy it. It has closed the gap now but looks like it may consolidate a bit before going higher. It is currently forming a Bull Flag which is a very Bullish sign. My second scenario on this is that it may fall further towards the POC of Volume Profile around $27.00. My second buy zone is between $25.00 and 27.00, where it may provide an excellent buying opportunity. I will be monitoring ALU closely for either of the scenarios to play out. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ALong
by AsimMirzaTrader
SSM - Triple Bottom Looking Strong.SSM broke out of the downtrend line in late June 2021, and rallied and formed a high of $1.030. This indicates its end of the downtrend. The current pull back has retested support and bounced off as of lately and forming a triple bottom pattern which looks quite bullish. I would be targeting the previous high of $1.030 (potential 16% gain) with a hard stop below the triple bottom support at $0.810. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SSMLong
by AsimMirzaTrader
ACDC battery tech consolidation One of my favorite ETF's to trade on the ASX is the ACDC battery tech beast. Its had a steady rise since the covid drop with over a 120% return so far, but we moved into a consolidation range with an upwards pressure since the start of the year. We have had a few touches on either extremes of this range and im expecting it to break sooner rather than later. Looking to add to my position if we get a chance around 91.50 again and then simply waiting for confirmation incase we get invalidation and drop through this HTF consolidation. Bullish on the space for a while longer and the chart looks good for a push.
ASX:ACDCLong
by DeNomics
2
88E - Trade Plan88E is in a pull back phase. The current level is a decent support which is also a trendline support zone. If price action gets bullish at the current level, between $0.030 - $0.033, I may take a long position. If price fails at the current support and drops, then my 2nd Buy Zone is between $0.020 - $0.023 level. I may wait for bullish price action with confirmation to take a long position. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:88ELong
by AsimMirzaTrader
1
LPI - Good Buying Opportunity!LPI has pulled back towards it trendline support and has bounced off once. I believe it is expected to consolidate for a bit and continue its move to the upside. I am bullish LPI with my first target of $0.350 (potential 28% gain). Keeping in consideration the Bullish trend in Lithium, we could move much higher. My second target is $0.445 (potential 55% gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LLong
by AsimMirzaTrader