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Stonks doesn't always go upPNI gives you all the indicators of an overvalued, overbought stock. It has had a crazy month so far but I don't think Pinnacle investment can keep up the trend anymore. 1. The volume is falling rapidly while the stock makes new highs. Not good. The last 5 days volumes are (498.2k, 414.1k, 385.9k, 332.5k, 229.1k). This is from the ASX website. 2. There is a gap up which hasn't been filled. 3. No clear support whatsoever until $12.5 and $10.5. 4. Just look at the RSI ! When stonk god gives you clear signals go with it. This is a massive short opportunity.
ASX:PNIShort
by titus22045
APX - Trade PlanAPX has been consolidating for a while but the price action is very telling. It plummeted hard since August 2020 after making a peak around $44.00 all the way down to $11.00 in May 2021, ( a Fibonacci retracement of 78.6% since its IPO). The recent price action indicates that the trend may have changed after it broke out of its downtrend line coupled with High Volume. Since its recent high of around $14.70, it pulled back to 78.6% and forming a potential double bottom which indicates that there is very good support. The global POC of its Volume Profile is at $12.40, which is also a good level of Strong Support. There is bullish divergence on the MACD which is a sign of exhaustion of Selling momentum. I am bullish APX and expect price to thrust higher. My target is $18.30 with a stoploss below the double bottoms at $10.80. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:APXLong
by AsimMirzaTrader
20
ARB.ASX_ATH Breakout Trade_LongENTRY: 48.13 SL: 46.50 TP: 51.10 - ADX>20 - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - MAs are aligned. - Breakout of down trendline on 15 Jul 2021 with good volume. - Retraced on lower volume to 50% Fib. level before buyers coming back in on 28 Jul 2021. - Breakout of ATH on 11 Aug 2021 with good volume, and entry based on this. - Looks like earnings announcement is coming soon, and automotive sector is doing well globally. Hence, would expect a good earnings result to push the price higher.
ASX:ARBLong
by TRADER-WANNA-BE
TYR.ASX_Range and Up Trendline Breakdown Trade_ShortENTRY: 3.28 SL: 3.48 TP1: 3.00 TP2: 2.64 - ADX<20. Would like to be higher. - RSI<50,RSI>30 - Daily RS -ve - Daily FFI -ve - Daily MACD -ve - Weekly RS N/A - Weekly FFI -ve - Weekly MACD -ve - Breakdown from range and up trendline on 18 Aug 2021 first. - 19 Aug 2021 showed buyers coming in but closed with a long head wick indicating possible sellers still in play. - Breakdown today rejecting up trendline and support-turned-resistance area. Continue to be bearish as long as closed below this area.
ASX:TYRShort
by TRADER-WANNA-BE
Simple Credit Indicator to Watch Out for Equity InvestorThere is a classic saying that credit markets tend to lead equity markets. The rationale is that credit investors are solely more concerned about downside risk (as they worry whether coupons will be paid and whether they will get their principal back at maturity) and measure risks and determine spreads - over the risk free/benchmark rate - by factoring in the probability of default into the spreads amongst other factors. While equity investors, given their ability to participate on the upside as opposed to debt/credit investor, tend to be more forward looking with an optimistic bias (glass half full attitude). Hence, credit tends to turn first when risk is slowly bubbling in the cauldron. That's what I've been told anyway. Without further ado, if you refer to the chart published, you will be able to see how credit has played out during the past few crisis. Data used are S&P500 and ICE BofA US High Yield Index Option-Adjusted Spread (inverted)
TVC:SPX
by RinjaniCapital
2
ATOMOSI have been building a position on this one for a while now a bit after the covid crash and its been trending well with a bit of volatility bouncing around this trend. We are heading into an EQ level right now after a fairly impulsive move this week so expecting price to pull back a little before continuing up again. Keeping a close eye on the Supply block from just before the Covid drop as an over all target for now but if the trend continues with momentum and we move into price discovery then could be exciting Bullish on the business in the video content creation world in general
ASX:AMSLong
by DeNomics
PGH.ASX_Range Breakout and Retracement Trade_LongENTRY: 3.92 SL: 3.60 TP: 4.83 - ADX>20 - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD +ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD -ve - Sign of Strength on 28 Jul 2021 and break above HVN. - Retraced on lower volume and moved up with higher volume subsequently. - Hit high of 4.02 before retracing back to 38.2% Fib. level and bouncing up on 6 Aug 2021. - Expected to go sideways awhile and upside remains intact as long as above HVN.
ASX:PGHLong
by TRADER-WANNA-BE
1