DYL - Buying OpportunityDYL is looking good as it has bounced off the 200SMA which is also a good Support zone, and is consolidating currently. It has also broken the downward sloping trendine with high volume. I expect a swing higher with a target of $0.825 (potential 20% gain) with a tight stop below the swing low.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX
NCK.ASX_Breakout and Retracement Trade_longENTRY: 12.32
SL: 11.72
TP1: 12.80
TP2: 13.80
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD +ve
- Break out of range on 21 Jul 2021
- Retraced to resistance-turned-support area (11.95) on 23 Jul 2021 and rebound with above average volume the next day.
- MAs are aligned
BBN.ASX_Down Trendline Breakout Trade_LongENTRY: 5.86
SL: 5.23
TP1: 6.24
TP2: 6.65
- ADX<20. Would like to be higher.
- RSI<50,RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Broke out down-trendline on 19 Jul 2021, with followed up higher volume today. Hence, possible change of trend.
- Not a good closing today.
- Watch or tighten SL in coming days.
$YOW MC=$9M CASH=$11.5M One to keep a close eye onThis is a pretty interesting one, it shows how far they can go to get every last piece of the pie.
Now we're finally seeing higher lows in the background, they'll want to move this back up pretty quick imo
Funnymentals
Last qtr they pulled in $440k AUD
MC $9M
Cash $11.4M
SOI 218m
EGR - Trade PlanEGR - Another strong chart which has rallied strongly. My plan is to buy the dip, and my Buy Zone is in the range of $0.655 - $0.735, where I will plan to ride the swing after bullish price action confirmation. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SYA - Trade PlanSYA has been very strong since the beginning of 2021, and since heading higher. My plan is to buy the next swing low. I have my buy zone around $0.060 - $0.075, which is the Fibonacci retracement zone between 50% and 61.8%, ( a golden pocket zone). If and when it retraces lower, it will be a very good opportunity to join the trend. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MVF - Trade PlanMVF is in a healthy uptrend and my trade plan is to buy the next pull back. My buy zone is between $0.840 - $0.870 range, which is also the trendline support. I will buy when it offers a pullback and shows bullish price action to ride the next swing higher.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CTT.ASX_Breakout and Retracement Trade_LongENTRY: 2.24
SL: 1.91
TP1: 2.46
TP2: 2.91
- 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
- Possible hidden buying between 28 to 30 Jun 2021
- Possible COC with above average volume yesterday
- Decent follow-up movement today above yesterday closing
Telstra Jumps On Declared Special DivAbove we see the TLS weekly time frame. Technically, the moving averages are in a bullish stack with the shorter-term green > intermediate orange> longer-term red. Moreover, there is good angle and separation which indicates a strong momentum for the telecom. On a classical charting basis, TLS may have charted a double bottom, which is an accumulation pattern. The company released its results today, saying that it expects to return to full-year growth in its fiscal 22. During the current period, the company paid down debt and monetised more than $2bn of assets. Of note, shareholders will receive a fully-franked dividend (i.e., paid from earnings after tax) of 8cps, which included a special dividend of 3cps.
AVZ - Trade PlanAVZ is a healthy looking chart making higher highs and higher lows. A pull back is always healthy and I would wait for it to retrace lower to avail a buying opportunity. I have my Buy Zone between $0.185 - $0.120 , which is also trendline support. I will monitor its price action around my Buy Zone to ride the next swing higher.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
INR - Trade PlanINR is a healthy looking chart making higher highs and higher lows but it may face some resistance and lookss overbought. I would like to take a buy position if it retraces lower. My Buy Zone is between $0.340 - $0.360, which is also its trendline support. I will watch price action to get long in the zone. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AD8 - Trade PlanAD8 has moved higher with strength and momentum. It may retrace lower for a retest which may be a good buying opportunity as the chart looks promising. My Buy Zone is between $.8.20 - $8.80 where I will monitor price action to ride the swing higher. Lets see how it progresses, worth a watch.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NTO - Trade PlanNTO is at resistance and has managed to make a fresh high though. I have two Buy Zones where I would expect price to retrace, and if it does, it may be another buying opportunity. My first Buy Zone is between $3.10 - $3.20, previous and my second Buy Zone is between $2.70 - $2.80. I will watch for bullish price action confirmation to get long for the the next swing higher.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
DRO - Trade PlanDRO is looking good with higher highs and higher lows. I am a buyer when it pulls back and my Buy Zone is at $0.180, also the POC of the Volume profile and the trendline support. I would wait for bullish price action confirmation in my buy zone to ride the next swing higher.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
EOS - Trade PlanEOS has broken out of its trend line and has pulled back to its downtrend line. We can observe bullish price action which is encouraging. I am targeting the previous Resistance level of $4.72, for a potential gain of 12% and a tight stoploss below $3.80. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
M7T - Could the bounce continue?M7T looks like it has managed to break out of the descending wedge which is a positive sign and we could see continuation of the swing to the upside. My target is $1.165, which is the previous Support level now turned into potential Resistance.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
BVS.ASX_Breakout and Retracement Trade_LongENTRY: 3.35
SL: 3.08
TP1: 3.50
TP2: 3.73
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Breakout of downtrend since Apr 2021 indicating trend reversal and retraced from high (3.85)
- Possible hidden buying on 28 Jun 2021 (long tail wick with high volume) and 19 to 21 Jul 2021 (small trading range with high volume)
- Breakout of HVN and 10MA with high volume today
NVX.ASX_Down Trendline Break_LongENTRY: 3.04
SL: 2.45
TP1: 3.60
TP2: 4.23
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Accumulation signs on 13 Jul, 2 Aug and 6 Aug 2021.
- Broke down trendline on 2 Aug 2021, and retested it with rebound on volume today.
IFL - Bullish Trade PlanIFL looks constructive and recently it has been consolidating at the Resistance level. As it has been in the range, we might see a minor swing low towards the upward sloping trendline around $3.90 - $4.00, which is also my Buy Zone. If it pulls back, it could be a very good buying opportunity for the next leg higher. I would wait for bullish price action confirmation to ride the swing. My target would be the next Resistance level of $5.40.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
EML - Could see one more leg lower?EML after making a high in late April, it plummeted hard. Since it found support, the recent price action looks like a dead cat bounce. This price action does not give confidence and there could be one more leg down in the cards. It has very strong support at $2.60 level where I have my Buy Zone (between $2.60 and $2.80). I may buy near my Buy Zone after bullish price action confirmation. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CGF - What is next?CGF after making a high in early February, plummeted hard. After the bounce, price has gone up but the current swing looks very corrective. It could be in the process of making a bear flag and price could come down to the lower end of the parallel channel to give one more swing low and another buying opportunity. If price comes down, I would wait for bullish price confirmation at the lower end of the channel where my Buy Zone is at around $5.00. Lets see how it progresses.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.