CSL breaking ascending triangleWas watching this for a while. It just popped. Missed entry yesterday, but will wait for a re-test to enter. Entry at $309 for a target of $334. SL @ $307.
DYOR and trade at own risk.
Ready to breakIn recent days, buyers have been soaking selling into 21c. Looks like the sellers are just about done now.
Growing top line by 60%pa over the past few years. Despite the de-rating of tech and microcaps, the share price has been churning sideways as multiple compression plays out. But soon there will be nowhere to compress to, and the spring will bounce!
Australias Whitehaven Coal - Up 200% over 12 monthsWhitehaven Coal just keeps going up and up. I keep waiting for a pull back but it keeps going from strength to strength.
Not sure how long it will run for - but might be worth setting an alert for a pull back - OR - have a look around in the same sector for a copycat style trade - see who else is running.
See my post below for how to find copycat trade ideas.
$SLX SLX back above the Macro Mid range, also back holding the local range low.
Looking for a quick scalp to local range high "target1"
If we break above and hold il start looking for longs to target 2 macro range high
Wrong below 2.76
$TKM - TREK Potential swing back up.TKM had a huge move on the 3 Nov on the release of the below High grade Assays.
Looking for it to trade back into that range marked out on the chart which it currently is. The range low here is key.
I'm looking for a reaction off the range low, OR a break below range and a Deviation and reclaim of the range low would be bullish and my trigger point to enter long.
Cut all below orange line. PIPs are big risk is big,
Looking at LIT ETF for confluence looks like it may be at a relative support zone .
NOV 3 announcement
TREK METALS LTD ( $TKM $TKM.ax ) has released " High Grade Lithium Assays of up to 3.07% Li2O at Tambourah
NCK.ASX_Bullish Range Breakout Trade_LongENTRY: 12.06
SL: 11.13
TP: 12.96
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI +ve
- Moving averages are aligned.
- Entry today based on 25 Jan 2023 breakout from range and >3% rebound off 10EMA with above average volume.
AnalysisSince February 01, 2023 we have the breakout of the vwap indicator with strength by a large green candle and accompanied by a large green volume, it is indeed an impulse candle or an uptrend. We also see on the graph that the market came to make a spring effect on the vwap thus reflecting a strong probability of continuity of the upward trend of course with the break of the resistance line. Besides, we could also have a bearish trend if and only if we have the breakout of the vwap indicator as well as the support line with strength. Thanks!
WHC:ASX Feb 3, 2023 Use Zig Zag & Pitchfork to Project PT This is my first use of TradingView and I would welcome feedback on this post. I invest for the medium to long term for both capital gains and dividends to fund my retirement.
I am Long WHC:ASX from December 2022 on advice from an advisory group that selects 5 shares from the Top 100 ASX (Australian) shares with investment adjustments made on the 1st of each month. They advised to Sell WHC on Feb 1, but based on my chart reading and indicators, I believe there is a high 86% probability of a Higher High PT of $11 - $12, so I remain Long WHC from my currently negative 14.7%.position.
Unfortunately I have not mastered placing Notes on the Chart, so the post could be more specific, but I believe Price is near support, and based on the Pitchforks that price is likely to retrace to the top of the ascending Pitchfork
All views and thoughts are welcome, but I know I am responsible for my trading decisions.
Wave ForecastNot really much to say here just going over some mining stocks to help confirm counts on underlying commods.
Bottoms In?Looks like this has bottomed - We have yet again the reliable ML touch then space created on a lower low (indicating price is reversing) - I expect this to do quite well mid-long term.
Buying pullbacklooking good for third accumulation if it pulls back down to 13.75 , a long term plan but looking OK so far
$SSG Aussies love shaving their nature strips. just saying. Insert smart talk here. but if you can't see this is a hot chart well thats on you. Keep manicuring your lawns and nature strips.
$WHC watching waitingWHC ran out of steam and couldn't take out the previous high,
Looking like it needs to "recharge" which in stockland world mean it needs to shake the fark out of the weak Coal Tourists make them sell scoop up the liquidity then run it past the highs.
If it breaks below range low marked on the chart approx 7.76 this will trigger a cascade of stops pushing price lower maybe below a Key Previous Macro ATH and 2010 ATH..
If this happen il be looking for a reclaim of these levels along with keeping an Eye on Newcastle Coal Futures for a similar setup.
This is the trigger and plan and it a macro swing trade so could take weeks or even months. Either way,, all we do it wait and look for more ops
SXLFlipped resistance into Support right below a LTF range high
Above range and looking for target marked on the chart.
If it gets above the range high and then back under, its a quick short back into the LTF Mid range as a target back to the 2022 Yearly CLose.
Do not want to see it trade below the 2022 Yearly close or its starting to look like Goblin town.
A DXY Rip might see this setup trap longs then fail.. caution is best if DXY starts to gather momentum.
A2M.ASX_Bullish Range Breakout Trade_LongENTRY: 7.00
SL: 6.62
TP1: 7.37
TP2: 7.68
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Entry today based on today breakout from range and >3% rebound off 10EMA with volume .
CGF.ASX_Bullish Range Breakout Trade_LongENTRY: 7.70
SL: 7.38
TP1: 7.94
TP2: 8.06
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Entry today based on today breakout from range and >3% rebound off 10EMA with above average volume. But would like a better closing.
Analysis: two situations: Bullish ChannelAs you see on the chart we will have a big probability of an uptrend if we have the breakout with force the resistance line. In other hand, we will have a big probability of a downtrend if we have the breakout with force the support line and the vwap indicator.Thank!
Analysis: two situations: Bullish channelHere we have two situations. We will have a buy idea if we have the breakout with force the resistance line. In other hand we could have a sell idea if we have the breakout with force the support line and the vwap indicator.Thanks!
PDN thoughtsgoing long if previous daily candle high is broken.(0.855)
stop then will be below previous daily candles low. (0.805)
ASX thinks we are in wave 3 of 3 in Uranium.
AnalysisWe are below the vwap so in a downtrend. However if we have the support line broken by a large red candle and followed by a red volume we would have a high probability of having a continuation of the downtrend. On the other hand, if we have the break of the vwap indicator and the break also of the resistance line by a large green candle and followed by a large green volume we have a good chance of having a reversal of the trend, c ie the uptrend.Thanks!
NCK - Nick Scali BUYI would consider to BUY NCK if price manage to hold above $12.20
TP: 14.40
SL: $13.38 (7%)
