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ASX

ABB @ 27 DEC 2021Text me if you have any questions/comments for me. ----- ABB - After hitting an overhead resistance zone (orange highlight) at 5.10-5.50 levels, stock has retraced back to support zone (blue highlight) at 4.40-4.60 levels - Short-term average has crossed below (red circle) the mid-term average –> not a good sign - Stock has been trapped in a sideways movement for almost 4 months - All the indicators that I’m using is saying that the stock is not a good pick for a mid-term hold - If stock can rebound above the moving averages, the support zone will be a strong place for possible future collection - Any break below the support zone is pretty much game over for the stock - Strategy-to-buy (DYOR) – Wait for HH and HL formations
ASX:ABB
by Jerm88
2
ASX 200 @ 1 Dec 2021Text me if you have any questions/comments for me. ----- In the last Market Watch analysis done on 2 November (red dash line), I wrote that I would avoid the big caps (eg. Blue Chips, ASX 200 constituents) while being more selective with my purchases. Since then, the ASX 200 tested and failed to break the 7450 resistance and is now falling towards the strong support zone near 7200 levels (orange line). The ASX 200 previously rebounded from this support zone and another rebound would be good. The index is also testing the long-term average. Judging by its historical performance, I can’t say that the long-term average is a very strong support. Since 1 Dec 2017 (blue dash line), the ASX 200 has only rebounded of the long-term support 2 times (blue arrows). The red arrows were when the index was rejected by the long-term average. This does show that the index does at least respond to long-term average – albeit not often as a support. The red thumbs downs were periods when the index just fell through the long-term support. My huge concern is whether the ASX 200 will fall below the 7200-support zone. If it breaks this support, the overall market will likely be in a world of pain for at least a few weeks. The US market hasn’t really shown convincing signs of a strong rebound. If a strong retracement takes place over the coming days in the US, I have a strong feeling that the ASX 200 will fall off the support that it is sitting on. Our best-case scenario is that the US creates a new all-time high in the next couple of weeks and the ASX 200 will take the hint and slowly rebound again. With the integrity of our politicians being called into question and the federal election happening in less than 6 months, the markets will continue to be in state of flux. Rising inflation and potential Omicron scares will continue to disrupt the economic recovery. In last Saturday’s FB livestream, I explained around the 17-minute mark how the US and Australia markets’ movements is signalling that there is a lack of confidence in the ASX market. Personally, I have reduced my trading portfolio from 6-8 stocks down to 3 stocks. I’m increasingly being more selective in my purchases as sometimes, doing nothing in the market is a form of capital preservation. How about you? Are you optimistic or pessimistic on the ASX market over the coming 6 months? Are you aggressively buying now or waiting for stronger rebounds or retracements?
ASX:XJO
by Jerm88
TLS @ 18 NOV 2021Text me if you have any questions/comments for me. ----- TLS - Previous analysis was done on 23 Sep (red arrow) - Suggested waiting for a successful breakout of $4 resistance before plotting entry - Since then, the stock retraced back to re-test the 3.70 support levels and slowly rebounded - Today, it successfully broke out with above average volume - Next overhead resistance looks to be around 4.50 levels - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest plotting entry if believe the stock can have a sustained breakout
ASX:TLS
by Jerm88
KAR @ 18 NOV 2021Text me if you have any questions/comments for me. ----- KAR - First time doing an analysis on KAR - Stock doesn’t have a good history of uptrends - The good uptrend only started during the covid pandemic in March 2020 - The recent retracement back to the short-term support could provide a good opportunity for entry - A successful rebound look to be around 1.88 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:KAR
by Jerm88
1
IMU @ 18 NOV 2021Text me if you have any questions/comments for me. ----- IMU - Previous analysis was done on 4 Oct (red arrow) – suggested waiting for a successful rebound around 47.5 cents before plotting entry - Since then, the stock has created a new high, retraced, and looks to be rebounding off the short-term support - If have taken the entry suggestion, you should be having roughly 19% gains in roughly 3 weeks - A successful rebound look to be around 60 cents - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:IMU
by Jerm88
CMM @ 18 NOV 2021Text me if you have any questions/comments for me. ----- CMM - Previous analysis was done on 2 Nov (red arrow) – suggested plotting entry at 2.65 levels if believe the stock can create new all-time highs - Since then, the stock created a new all-time high and looks to be retracing back to the short-term support - If have taken the entry suggestion, you should be having roughly 7% gains within 2 weeks - Today’s retracement looks to be providing another nice opportunity for entry - A successful rebound would be when the stock recovers to around $3 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:CMM
by Jerm88
AZL @ 18 NOV 2021Text me if you have any questions/comments for me. ----- AZL - First time doing an analysis on AZL - Stock doesn’t have a good history of uptrends - Since stock IPO-ed in 1990, it has had periods with sudden exponential price movements that can give very good gains and very bad losses all in a short period -> not a stock that would fit conservative traders/investors - After the recent push from mid-Oct 2021 to a 4.5 year high, the stock is close to it’s psychological support of 10 cents - A successful rebound look to be around 13 cents - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with huge price swings
ASX:AZL
by Jerm88
5
AEF @ 18 NOV 2021Text me if you have any questions/comments for me. ----- AEF - First time doing an analysis on AEF - Has a good history of strong uptrends - Looks to have a strong support at the short-term average but occasionally retraces all the way back to the mid-term support - Recent price action looks to be a sideways consolidation instead of a retracement - Another test of the short-term support will be good - Successful rebound looks to be around 14.50 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if believe the stock can create new all-time highs
ASX:AEF
by Jerm88
ABB @ 18 NOV 2021Text me if you have any questions/comments for me. ----- ABB - Previous analysis was done on 17 Nov (red arrow) – suggested waiting for a successful breakout above 5.30 levels before plotting entry if believe the stock can create new all-time highs - Today’s price action is accompanied with above average volume is proving to be a successful breakout - Price is now too far from the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
ASX:ABB
by Jerm88
6
CTT.ASX_Retracement Trade_LongENTRY: 3.55 SL: 2.82 TP: 4.00 - 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 - Retraced since 17 Sep 2021 with lower volume to 50% fib. level. - 13 Oct 2021 shows high volume with doji indicating buyers might be coming back in. - 22 Oct 2021 shows another sign of buyers coming back in. - Today shows possible volume dry up after a selling candle yesterday.
ASX:CTTLong
by TRADER-WANNA-BE
LOV @ 17 NOV 2021Text me if you have any questions/comments for me. ----- LOV - Previous video analysis was done on 10 and 11 Oct (red arrows) – suggested waiting for a successful rebound around $21.50 before plotting entry if believe the stock can create new all-time highs - Since then, the stock has successfully rebounded and has created a new all-time high - Stock is currently too far from the short-term support - Another retracement to the short-term support and a successful rebound would be good for the continued uptrend of the stock - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
ASX:LOV
by Jerm88
IMD @ 17 NOV 2021Text me if you have any questions/comments for me. ----- IMD - Previous analysis was done on 9 Nov (red arrow) -> suggested waiting for a successful rebound at 2.90 before plotting entry if believe the stock can create new all-time highs - Since then, the stock has rebounded and created a new all-time high on 15 Nov - Today, stock has retraced back to the short-term support and a good rebound looks to be at 2.90 levels again - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if believe the stock can create new all-time highs
ASX:IMD
by Jerm88