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Asx200

IXR - where will it land?Quick look at ASX:IXR after a big end to last week. What has happened? After a huge run up between May 2019 and October 2019, ASX:IXR topped out at $0.015. During the ensuing months, ASX:IXR found support at the 0.5 fib resistance (Support 1) which held until COVID-19 when this level turned into resistance (Resistance 1). IXR bottomed out at the 0.786 fib resistance level (Support 2), confirmed by the WVF market bottoms and MACD crossover. ASX:IXR has since been in an uptrend and has broke through Resistance 1 and Resistance 2 ($0.013) - which has now turned support (Support 3). The previous high of $0.015 was broken through in early October and up until Friday had formed a new level of resistance (Resistance 3). Where to from here? After Friday's +18% day, expect new support at either the previous Resistance 3 ($0.015) or Support 3 ($0.013). MACD crossover indicates potential for some more green days, however both the MFI / RSI / Stoch are all heading toward overbought. Based on this it would be worth watching for retracement to one of the points above.
ASX:IXR
by chartorscience
Uptrend Confirmed - Next Buying OppurtunityBullish trend confirmation indications: 1. Downtrend line broken. 2. Impulsive price action at the break of the trendline. 3. After the impulsive break, price is correcting the move slowly and in a choppy fashion. 4. Price has retraced to the 78.6 Fibonacci Retracement level. 5. Good Buying Opportunity if it closes positive or prints a Bullish candlestick pattern in the Buy Zone. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:SM1Long
by AsimMirzaTrader
Strong Bullish Price Action - New Buying OpportunityBullish trend confirmation indications: 1. Descending Wedge Pattern Broken. 2. Impulsive price action at the break of the wedge. 3. Price Broke the Squeezed Wedge with High Volume. 4. Price has retraced to the broken resistance zone, which is now Support. 5. Price Action shows Bulls are in control. 5. Good Buying Opportunity and very good reward potential. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:AGLLong
by AsimMirzaTrader
4
Down Trend Confirmation, Next Buying Opportunity $4.65 ZoneBearish trend confirmation indications: 1. Formed Head & Shoulders and breaking the neck line 2. From last 6 weeks consolidating below the neck line, which make a zone of 6.75 - 4.75 which is a "NO TRADE ZONE" for us, we let Bulls & Bears decide. 3. Closing below the high volume price range that is $6.06 4. Next major support is at 4.65 range, which can be a good buying opportunity. 5. After 4.65 next major support is at 3.76, which can be a significant support and Best Buy zone. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:ZIPShort
by AsimMirzaTrader
1
ASX200 extending into key resistance..is the party ending?!The ASX200 has had a strong run up after breaking through 6200 earlier in the month off a higher low. Price is getting extended and we expect a further push from the bulls and reaction around the 6845 area. For further bullish action price will need to consolidate a pullback below the level before a thrust up and through to new highs. The previous move to 7200 before the Feb selloff was an extension of the highs so we may see some profit taking at this level again. Either way, a pullback should be deemed as healthy to reset for continuation...nothing keeps going up in a straight line and it may be getting to the end of the party in the near term. ------------------------------------------------------------- WE TRADE WHAT WE TEACH Check out our recent Live Streams from our profile page!! ------------------------------------------------------------- ** If you enjoy our free content, please support and follow our profile, by hitting the Follow button to get further high quality ideas. ** ** If you are following our ideas any comments and likes are most welcome and will be greatly appreciated ** ** With quality alerts and correct Risk Management, you can learn consistency and grow your account ** ** With quality portfolio management and defined risk levels to help your account grow and achieve steady profit targets while increasing your trading edge. **
ASX:XJOLong
by TradeTheStructure
ASX:NAB Cup and Handle formation ?? 🚨🚨The banks have been smashed since the pandemic started but apparently one of them is preparing to fly higher. That is ASX:NAB bank, from the technical analysis it is showing a promising chart pattern. From the chart, we can draw a cup and handle formation that has been forming for weeks. Besides the stock has crossed its 200MA after being glued to it for almost 2 weeks and suddenly jumped on a higher volume. These factors allow us to speculate that this stock is poised to go play in the bulls league. Although RSI is a bit overbought but from other technicals this stock looks great and it can be lucrative for next few days if not months. I will keep you updated of all the movements this stock play. Stay safe and have profitable trades. XTF
ASX:NABLong
by xtf_ze_trader
Australian Stock Exchange (ASX) - Cycle Wave 5 Almost CompleteThis market just needs to make one more all time high to complete 5 Waves up since 1900. Cycle Wave 1 1900 - 1913 Cycle Wave 2 1913 - 1920 Cycle Wave 3 1920 - 1967 Cycle Wave 4 1967 - 2009 Cycle Wave 5 2009 - 2020\2021 Alternation between Wave 2 and 4: Wave 2 shallow sideways and short in duration. Wave 4 expanded to the upside and long in duration. Wave 5 is an ending diagonal which means that waves 2 and 4 can overlap. Please LIKE and FOLLOW to get notification of updates and future posts.
ASX:XAO
by AriasWave
ASX:Z1P about to Plunge to the abyss🚨👿🚨The charts dont lie. ASX:Z1P is drawing one hell of chart pattern if it is confirmed, ASX:Z1P bulls may have hard time. This pattern is none other than H&S . From ZIP has been hovering above 6$ for a while but apparently things start taking another dimension. It is not only hanging on a thread but also looks like it is waving bye bye to the extension we saw above 6$ and to the bull trend if the 5.8$ barrier is broken. The chart shows it all and the H&S neckline is broken we may see price falling to the level seen earlier in May 2020. I am not excluding seeing the 3.7$ level where we have a strong base and support for this stock to prepare for further attacks towards the 10$ range. Also, remember of the gap between 3.7$ and 4.7$, although gaps dont necessarily have to fill, they most of the time fill, maybe this stock want to fill the gap. For now I am waiting for next few days to see if 5.54$ will be reached and to see if it will hold. If it does, I may open a small position that can be scaled if 6.3$ is taken. I will keep you posted for any small change on this stock. For now it will stay on my RADARs. Stay safe.
ASX:ZIP
by xtf_ze_trader
3