Long LNK? Strong open and strong close last Friday. So is it time to go long for Link Admin this week?
It is above the 20 and 50 moving averages.
MACD and RSI are bullish,
we are likely to see a breakout toward the 200 MA at 6.70-6.75.
Worth adding this to your watchlist.
S&P/ASX 200
Profit taking time for Qantas? $QANTopped on a green 9.
We are on red 1 right now and if we get a red 2 below the red 1 on Monday.
It is a good shorting opportunity.
The RSI, MACD, and CMF are showing the bulls are running out of energy.
I am bullish on Qantas long term and therefore I am expecting the bulls to take back control on the trendline or near the moving averages.
I Iike WHC WHITEHAVEN COAL LIMITED Energy Sector XEJ looking good.
Whitehaven Coal looking good too.
From a TA point of view:
Broken downward trendline
RSI and MACD rising
I like it even more once the stock price can close above the 50 MA.
Keep it on your watchlist!
Is the Market Finally Going to Crack?The RSI gave us a Divergence "a warning signal" on the monthly chart.
Today sell-off of 2.19% was going to happen anyway. Maybe more to come if the US Market continues to sell-off.
I am still bullish long term and have added support lines on where I expect the price to bounce back.
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Related ideas
Nov 30
TD Sequential is showing a Green 9. This could be a temporary top for the US Market.
We could see a small pullback towards the moving averages.
Big Decision Time for XJO ASX200 Next Week? $XJOThe TTM Squeeze indicator attempts to identify periods of consolidation in a market. ... The dots across the zero line of the TTM Squeeze indicator will turn RED, signifying this period market compression.
So breakout or a sell off next week for $XJO?
hmmm, we are close to a breakout or a double top...MACD and RSI are looking bullish at the moment.
QAU to continue going down midterm? QAU failed to close above the channel a few months ago and now looking more bearish.
OBV, RSI, MACD, and volume are bearish for QAU.
We could see more downside in the midterm.
ST BARBARA LIMITED double bottom? $SBMIs ST BARBARA LIMITED showing a double bottom?
It could be a good buying opportunity next week if Gold Prices continues to go higher.
The Trend Is Your Friend, more selling to come for BUBS AUST?Trade the trend, "the trend is your friend".
All three indicators MACD, RSI and CMF are pointing downwards which tells me this stock can break the support line.
Thus, going down fast!
We could go as low as 85 cents at this stage.
A good buying opportunity coming soon.
I will keep it on my watchlist.
XJO - Patience PleaseThe 4 hour chart does not allow me to discount a trip to the 6320 level. This is not a market to trade in and sitting on your hands is the best thing you can do at this time. Going short is not advisable either
#XJO - S&P/ASX 200 index $XJO heading to $6500?I will be watching the 50-day moving average support very closely.
For me, I think it will be broken and we are likely to see a small pullback in the ASX200 this week.
ASX: Australian stocks in need of a stronger pull back.The Australian stock market (AXJO) is currently rising after a strong pull back that took place in July. This rejection happened because the market reached its All Time Highs of October 2007. Despite the rather strong selling manner in which it was conducted, we believe that this sell sequence is not over yet and a stronger correction is needed.
The reason for this perspective is that the very same long term pattern on the 1W time-frame has been spotted back in 1994, when the ASX again pulled back after testing its (then) All Time High. The selling only stopped when the 1W MA200 came in for support.
We are expecting a similar price action and even though the correction on 1994 was more than -20% we expect this time just the 1W MA200 to be enough to support and initiate then next long term bullish leg. Use this pattern according to your own risk tolerance and strategy but this is our approach for the right time to re-enter this market.
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Further falls expected on ASX index?After reaching all-time highs previously set in 2007, the ASX:XJO has formed a significant bearish candle on the monthly chart.
The bearish engulfing candle on the monthly chart has formed at the convergence of the of the 2007 all-time high, and the upper channel of the range the ASX:XJO has been trading in since 2009.
This could potentially signal the beginning of a multi-month (or year) decline in the index. Or of course - to give the classic contradictory financial forecast - it could be a "healthy" retracement before forming new all-time highs.
Good luck!
XJO support zonesSome support zones that correlate to the Fib replacements.
For short term trading I am looking for 6512 and 6300 as bounce points.
XAO. Has all ords run its course?I have sold off all capital and moved to BBOZ 2x Leveraged SHORT TMF. high risk but i live for the biscuit!!
massive amount of bearish div. across multiple time frames on RSI
large long term distribution pattern (megaphone or expanding / diverging wedge)
new ATH on index
fractalised bearish patterns.
parabolic year to date, floundering and failing housing market, unemployment on the up.
Government ran projects at massive high levels (search Keynesian economy vs Simple economy), companies buying back shares across the board (this is my opinion is bad because it shows a lack of sentiment in short to mid term growth ie money not reinvested in staffing, equipment and growth but funneled back to company execs) inverted yield curve over seas, tension between CHINA and USA (trade war) (ref. hang seng HSI and view Australia's economic dependence on China's growth) well over extended period between recessions locally and a historically bullish, parabolic and over bought real estate market has caused Australia to fuel a service and construction boom leaving alot of people with out jobs if things go bad. No jobs + over extended and over inflated property market = mass forced sell offs... The bad times have just began. (IMO)
these are a few of my reasons to be mid term hyper bearish
do what you want
DEFINITELY DO NOT TAKE MY WORD AS GOSPEL ON THIS ONE DYOR!!!
good luck
stay safe
squirrel funds
and DYOR
oh btw
DYOR
not financial advisor, hard core day trader, chart analyst and punter!
Australia Equities Index Back to 2007 HighsAustralia's primary equity index (ASX) is seen here through the S&P/ASX index (XJO). Here we can see that ASX is retesting its prior highs from 2007 before the great recession hit. Will be watching for a good-sized pullback soon given the vertical run that the ASX has been on this year. Will that have any impact on the U.S. or other major stock markets? Not sure, but I don't think that would be out of the cards either.
AUSTRALIAN XJO AUS200 INDEX - RIPE FOR SHORTINGThe Australian AUS200 or XJO index (ASX S&P 200 index) is fully valued at its 100% DCF value using 3.5% growth, 8.2% discount rate. The earnings for this index are less than at the top of 2007. Its P/E ratio is overvalued at 18. Australia's construction industry is in rapid decline and also its housing markets. Short term interest rates are in decline as evidence of the decline in business conditions. The index is coming up against a channel line and may turn south soon. The RSI, ROC and MACD are looking like turning down, another sign of a local top. With the US markets looking high, any change in US markets will affect AUS200 index. Look to sell short on any break downwards from here.
ASX 200, The Infamous M-Peak (Double Peak)ASX 200 has been rebounding well from late-Dec of 2018.
It has been continuously climbing higher and higher in recent months.
Now, it is constructing The Infamous M-Peak (Double Peak), with a very first target of 6530, then 6320.
APT mide term target?Just some interesting confluence of recent moves.
Point to a $28.20-$28.50 end point?
If it gets that far, one would have to think it will need to tap $30??
