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CBA shorts get readyCBA on its final 5th wave. money printing has helped the banks maintain solvency. if only every business could get a bailout/backstop. Im expecting an unexpected event no one is talking black swan for years now. I pay $15 for a sandwich. but rising rates will not stop inflation and printing money will not save the banks this time. Gold is the economic indicator telling the market how things really are. We've been in recession since 2020 real economic growth is more than inflated house prices.
ASX:CBAShort
by RogueCleaner
2
QPM LONG (ASX)QPM's debt financing is making progress. An important milestone was reached with a German supplier collaboration agreement as well as German Funding support. German companies Plinke GmbH and Andritz Separation GmbH & Siemens LTD have agreed with supplying a significant proportion of capital equipment required for the TECH PROJECT. Germany's Export Credit agency provided a tied loan guarantee of 500 million and Kfw IPEX confirmed an interest in providing 250 million. QPM currently has A$1.4 billion in conditional debt funding. Investors await the potential debt commitments of K-Sure and other commercial banks. Investors also await an equity component here. QPM has done exceptionally well despite the economic climate but it is important to be objective as their 2.1b capex total remains a significant hurdle. A high level of risk is still involved here (despiting Stephen Grocott and his team continually derisking this project!). I have personally reduced my holdings out of concern of current macro conditions. From a charting perspective, QPM has been in a deep downtrend since October 2022. QPM has experienced reprieve after the german supplier collaboration on the 4th of April. Without it, the ticker was in the doldrums experiencing a death cross on 7th December 2022. Any impulsive movement above the top trendline (15c to 17c) alongside a corrective flat in that range will constitute a buy signal. Any movement like this would probably coincide with further debt financing progress. Can Stephen Grocott and his team bring this home?
ASX:QPMLong
by Itachi239
2
(GTK)Safe entry point to trade breakoutCame out of NZ, software business that takes care of revenue collection for utility co. Software collects and calculates bills - single most important software in those businesses. Smaller version of Hansen. In Intelligent Investor portfolio. Key UK market, no fault of their own - deregulation of utilities in UK caused a lot of them to collapse - share price tanked. Small exposure to airports - best turn around software play. • Gaining momentum after a big rounding base patten. • Filling up gaps from 2020 big drop. • Turnaround play In a low vol profile zone and looking to close big gap downs from Jan 2020. ATR 1 has been spiking on the recent big move up at end of Nov-22, has been on an uptrend since. Looking for a pullback to the most recent resistance area to provide support.
ASX:GTKLong
by jazziej
Australia Qantas Announces Great Results. Price drops 7%.Qantas has announced an interim underlying pre-tax profit of $1.43 billion in its first return to profitability since the coronavirus pandemic started. The airline's record first-half result was at the top end of its forecast , with revenue of $9.9 billion. All segments of its business turned profitable during the half year, led by Qantas Domestic, which recorded $785 million in earnings before interest and tax. Qantas expects travel demand to continue driving the recovery in 2023 and 2024, with domestic capacity set to exceed pre-Covid levels in the second half of 2023. Good news is bad news again. Seems like an over reaction. Might be worth keeping an eye on.
ASX:QAN
by zAngus
2
Australia's Dominos Blasted -24% On Earnings. Overreaction?Domino's Pizza Enterprises Ltd.'s stock in Sydney dropped 24%, its biggest decline ever, after reporting a 21% drop in first-half earnings as customers resisted price hikes implemented to offset inflationary pressures. The company stated that the increase in prices hurt customer counts, especially in Europe and Asia. From personal experience I can confirm. I'd order Dominos weekly because they were about half the price of my local Pizza guy. After the price changes there isn't much difference, so my local dude is getting a lot more of my orders each week. Still, seems like a big over reaction and the last few times the RSI is this low there has been between a 15% to 30% recovery. The big gap down will also draw some attention and look to get filled. Might be some coin in a short term trade at least for anyone interested. Worth a look.
ASX:DMP
by zAngus
1
PLS Long (ASX)The C wave from March 2023 demonstrates bearish movement from falling lithium spot prices and a bearish macro environment. The C wave movement has turned this from a running flat to an expanding flat . Interesting to watch market psychology is at play here as participants sold PLS down despite a 1.2 billion in profit and a maiden 11c dividend paid out. Prices reached as low as $3.5 during this period. This could either be a completed expanding flat or the C wave in this flat could actually be the beginning of a new A wave. As demonstrated by the 2016 to 2020 corrective flat, prolonged consolidation lead to a 35 bag movement. Regardless of whether it's the beginning of a new A wave or the end of an expanding flat, consolidation is healthy. Expect short term upside too. PLS long for the next decade. ** Note: During the end of March 2023, Albermarle attempted to acquire LTR. The big players are accumulating despite bearish sentiment.
ASX:PLSLong
by Itachi239
Why we should review price action to see if History will RepeatStudying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework, quickly looking for small repeating patterns can greatly improve the probability and conviction and help your trades in the long run. This short video looks EQR.asx which is a share listed on the ASX. By reviewing the previous price action, we can see that the current setup is so far following the same path as a previous big winner....I will be watching to see if history does repeat!! Hope you enjoy
ASX:EQREducation
by TradeTheStructure
5
CXO LONG (ASX)Moved from a running flat to an expanding flat . Spot lithium prices have fallen 34% in the month of March, highlighting a slowdown in demand caused by contractionary monetary policy. The spillover effect onto major banks indicate a stronger possibility of further downside which may lead to a recession during summer (US). Downside is clearly linked with a number of macro factors including Fed induced banking crisis (SVB) and dropping lithium spot prices. Lithium stocks have dropped significantly in March 23 so will be expecting more corrective movement for now. The world is moving towards electrification and CXO is now a producer. My forecast is that CXO will exceed $2 in 12-18 months .
ASX:CXOLong
by Itachi239
1
$TIE Looking for a push above monthly open and acceptance. "Range low" has to hold for this trade to work out. Consolidation above monthly open is bullish signal for me to trade into Blue Box as target 1 and onto 2 Worry about target 2 if we hold the first Blue box. Yellow highlighter indicates liquidity and stops that have now been wiped out. Recent news catalyst "TIETTO MINERALS ( $TIE $TIE.ax ) has released " Tietto Ramps Up to Full Production at Abujar Gold Mine " on 20/3/2023 at 9:55 am AEST #Tech #Metals #Drilling"
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by gillman_hugh
KCN facing resistanceMonth chart - facing huge resistance @ $2.01 I;ll wait for a close above $2.01 so i can average up. Day chart - triangle setup has broken to the upside but wait for $2.01- 3 to clear for confirmation. no need to rush this trade. both long and short term charts looking bullish and GOLD will head higher as the Fed will keep monetary policy loose. Fed funds rates will rise but cheap money is still buying up those Govt bonds. the FOOT is on both the BRAKE + THROTTLE. in the end the car will wear out and the market will implode.
ASX:KCNLong
by RogueCleaner