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AVL

ASX Trades - AVL Long IdeaDisclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome! Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July. A clear base has formed at the 0.041 level during this consolidation period. Trade idea will be validated by an increase in buying volume, causing a breakout above the consolidation pattern. If price retests and confirms the 0.050 level as support, and RSI is above 50, then I will enter the trade. Initial stop loss will be below the pattern, and targets will be the previous monthly open prices (the dotted blue lines). The 9EMA will act as a trailing stop when/if the trade is active. This is a swing trade, which I will hold for 1-3 weeks depending on the market's movements.
ASX:AVLLong
by Amjoinery
AVL risky one-- 10-15% Bounce ?AVL is currently oversold on the 1-hour and 4-hour time frame after an extensive sell-off. With RSI at 23 on one hour and 26 respectively on 4 hour a bounce may be a play if you like a RISKY one. Note. KRC is in a similar situation with a 10% bounce already achieved on KRC. This is a risky trade and I would personally look for an exit against a moving average. The 200day MA for a quick scalp with a buy at 35 or 36. Buy order's seem to be stacking up around these levels so a fill may be hard at 35 or 36 Probably easier ways to make money but i do like these oversold bounces especially coming off such a big move Support are marked S1,2,3 if we break down and Target's at T1 and T2. Tight stoploss is key.. Its not about how much you make its about how much you dont lose ;)
ASX:AVLLong
by gillman_hugh
AVL Entry PointAVL has had a nice run up in price and has recently pulled back about 40% before finding support on the 50% FIB level.. Bullish Indicators: Double Bottom on 50% Fib Higher Low on 50% Fib RSI creating higher low on 4 hour chart (showing strength) Monthly RSI cooled off. Volume has dropped off significantly. (usually see this before a big pump) I noticed this exact set up on another chart KRC screenshot below Entry .036 - .037 Target .065 Stoploss .034 Stoploss
ASX:AVLLong
by gillman_hugh
TNG Pointy END 2018TNG has had a rally on some recent good news regarding its Tivan process. Currently its sitting at 16 cent, I am looking for an entry into TNG for long term at the 14.5 cent level. I see an increasing price on decreasing volume which may indicate that its going to pull back and form another higher low before tightening up and popping out of this current range. This will confirm the Bull run for 2018 and I personally will be happy to hold as there is plently of fundamental news on the horizon for this year. What do you think ? leave comments below always happy to have other people outlook of analysis be it objecting or not :)
TLong
by gillman_hugh
AVL Elliot WaveAVL has had a really nice run up in price finishing off last year on a high. Buy range around the 50% fib level point "c" after the Weekly RSI cools off. MACD is the most diverged its been in a long time and the BULL volume is Decreasing setting up for a pull back to give us a better entry price for Long positions. Interesting area to watch is the middle uptrend line where we may see a bounce before seeing further upward movement. If we break look for a long entry in the .036-.032 range. The fundamental's of this company look solid with the Vanadium Re-flow battery market getting a lot of attention lately. With some recent positive news we may just see a bounce off the middle trend line and some more continuation. news: smallcaps.com.au Lets see :)
ASX:AVLLong
by gillman_hugh