PLS.ASX_Breakout Trade_LongENTRY: 1.16
SL: 1.015
TP: 1.465
- ADX<25. Would like to be higher.
- RSI>60.
- RS and FFI +ve
- Daily MACD +ve. Weekly MACD -ve so trade with caution.
- MAs aligned. 10MA cutting above 40MA.
- Breakout with good volume.
ASX
A good strong uptrend.Another stock that I have recently seen some discussion on is ASX listed BetMakers Technology group.
Looking at the daily charts, it appears that BET has been printing new highs since Mid Feb, where it broke out of consolidation after crossing the 20 and 50 day MAs 9 and 8 Feb respectively, since then the stock a large break out following a gap up on 17 Feb (around a week out from earnings), before the gap was closed up on earnings release on 26 Feb. Following earnings, the price tracked along the 20 Day MA. Throughout March and April the 20 and 50 day MA's almost look parallel, but the price has been pulling sharply away from the 20 Day MA.
In summary, the trend on this stock looks strong, but I'd be looking for a pull back to around the 20 Day MA for entry, even if it's intraday. Based on what I'm seeing on the chart, I'd expect the uptrend to continue.
As always take this as educational advice only and ensure that if you trade this stock, set an appropriate stop and position size according.
Cheers
Nick the Trader Guy
Check out my blog at www.nickthetraderguy.com, I post a weekly narrative about my journey and regular thoughts about the markets.
$HLS $HLS.ASX consolidating and it may pop up$HLS $HLS.ASX consolidating and it may pop up
Healius Ltd
Service company for medical, para-medical and related services, and day surgery operator.
Number of shares 623,008,113
VUL.ASX_Breakout Trade_LongENTRY: 6.98
SL: 5.80
TP1: 7.85
TP2: 9.63
- ADX<25. Would like to be higher.
- RSI>65.
- RS and FFI +ve
- Daily MACD +ve.
- MAs aligned with 10MA crossing 40MA today
- Breakout with good volume on 14 Apr 2021
5x Crypto Miner ASX Trade IdeaRegaining the 200D MA after a slow bleed may signal the over-extended first wave has been flushed out. DYODD.
I have a position @~.81 which may show that I have been following this for some time.
This could be a 5x, but will monitor the connection and correction at the top of the monthly channel for weakness/follow through.
Just an idea, not advice, crypto can be volatile to both sides.
BKW.ASX_Breakout Trade_LongENTRY: 20.555 (average)
SL: 19.61
TP1: 21.75
TP2: 23.84
- ADX>20
- RSI>60. Would like it to be higher.
- RS and FFI +ve
- Daily/Weekly MACD +ve
- MAs aligned
- Breakout with good volume on 31 Mar 2021
Waiting for another breakout for CCPIn the low interest rate, post covid environment, ASX:CCP is enjoying the perfect environment to borrow cheap money to buy debt from major finance player.
Looking at the price action, it typically took time to consolidate within a 8-10% range for 2 months and would leverage the next catalyst to breakout. The next level of resistance is just above $34 and look at hitting pre-covid price of $37
NHC - Expecting a PullbackNHC moved higher as expected (link of our previous Trade Plan Idea attached) and now it has found resistance currently and is expected to pull back lower. This pullback is expected to reach the Bullish Trendline Support Zone of $1.260 and bounce higher. This could be a zone where we expect NHC to find buyers and take price higher.
We will be monitoring the Price Action closely once it finds support and will update accordingly.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NHC - Bullish Trade PlanAfter making a Higher High and then pulling back to Fibonacci Retracement of 78.6%, NHC has bounced off strongly giving a strong break of the bearish trendline with High Volume. it bounced off exactly from the High Profile Volume Zone (confluence), indicating that it is most likely to head higher towards its previous highs!!
TP1 - $1.380 (potential gain 5%)
TP2 - $1.430 (potential gain 9%)
Stoploss - $1.150
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CTD - Expecting a Deeper PullbackCTD has been rallying since the huge drop it experienced during the pandemic and it seems that it needs a breather before the upswing continues. CTD has been in an uptrend forming higher highs and higher lows but now we are expecting the current pullback to be deeper because of the Bearish Divergence on MACD and the Bullish Momentum getting weak. We are expecting price to come down to its Support Level (also the Trendline Support Level) between $14.55 - $15.25 zone. This could be a zone where we expect CTD to find buyers and take price higher.
We will be monitoring the Price Action closely once it find support and will update accordingly.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Twenty Seven Co. volume spike ($TSC)Twenty Seven Co. (TSC.AX) is a gold mining company based in Australia. A quick tour of their home page will tell you about their various projects, but at a high level and probably most imporantantly: They own a huge swath of greenstone in Western Australia as well as an actual gold mine which shut down in the 1980's when prices were suppressed. The company has recently come back with stellar results and now a JORC is about to land. This is a quick overview to point you toward a nice price spike incoming.
Financial advice disclaimer in the signature.
Good luck.
GXY - Buying OpportunityGXY seems to have taken off north, after breaking out of the triangle with very High Volume, so any retracement lower shall be a fantastic buying opportunity as it has been in a clear uptrend forming higher highs and higher lows. All we need is a little retracement towards the Support level and trendline Support level of $2.45 where it may come to backtest and shall wait for some bullish price action confirmation before we get into the trade. This will surely be an amazing buying opportunity for a strong move to the upside.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MND - Another Buying Opportunity?MND may be poised to move up aiming its previous resistance. A breakout of the bearish trendline (Wedge) combined with bullish price action off from the POC of Volume Profile makes me bullish. Another evidence is the MACD cross with Bullish Divergence which tells us that the Bearish Momentum has exhausted as price was going down and MND is ready for an upswing. My trade plan is as follows:
TP1 - $12.40 (Potential gain 10%)
TP2 - $13.30 (Potential gain 20%)
Stoploss - $9.90
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
REX - Is the Pullback Over?REX has stopped its fall and has decisively bounced off the 200SMA and it seems that the pullback is over and price is likely to move up. MACD has given a bullish cross which is also a bullish sign and a confluence. I am expecting the upswing to continue higher. My trade plan is as follows:
TP - $1.880 (potential 17% gain)
Stoploss - $1.420
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
YAL - Ready to take off?YAL has been getting very well supported on the 200SMA and the consolidation is probably gathering energy to push higher. With MACD Bullish Cross as a confluence, I am bullish YAL and expecting it to move higher in the next few trading sessions. My trade plan is as follows:
TP1 - $2.45 (potential gain 7%)
TP2 - $2.55 (potential gain 11.5%)
Stoploss - $2.15
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
