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NHF

ASX STO Oil Play LongFeb 12: 23.00 AEDT Ok here is one for the oil bulls. This stock has been beaten up recently, but the falling wedge and solid volume support at $3.60 and $3.90 suggests ST potential. Weekly Support is rising underneath, but at $3.50+ Ok the Trade: Buy now on the bullish gap bar at $3.90 SL $3.80 TP#1 $4.10 TP#2 $4.40 RR := 50/10 If it fails - re-enter at the bottom of the body gap/Weekly support. Buy $3.60 SL $3.50 Tgt $4.40 Profit less our loss above RR 70/10 Tgt is the upper body gap during WTI push higher and the rising tide. Warnings: It has not broken downtrend; There is a 13m short position overhang; The body gap under; Positives: Oil and USD rising - good for the bottom line; Bullish last 3 bars and its above the T-Line; Indicators and BBs (not shown) are positive. My position: Break out (fake) then pull back to lower gap then rally - but it depends upon Oil, $US an the S&P500 := Quick long, short, long This is an opinion not a guarantee and ... just my 2c worth ...
ASX:STOLong
by Oh_If_Only
ASX ABC LongFeb 12: 11.00 AEDT This stock starts throwing up long pins in consolidation mode. In trend, it tends to have longer bars w/ short pins. My previous discussion (12 Jan) suggested a rally out of (expected) support at $5.29. This failed, and it pulled back to secondary support around $5.15 and $5.10 It is well supported on weekly as shown and has a higher high/ lower low since Dec. This is classic Dow Theory, but volume is modest. I expect this stock to start pushing up now. A close above $5.23 for two days will confirm an upside breakout and I am not expecting a close below $5.13 ABC reports late Feb so price action will be focused on forecast vs reported. I can't show it on this chart, but BB's are squeezing since Feb 9. I intend to nibble now on lower timeframe weakness and add on breakout with an initial tgt at $5.45+ and SL $5.14 At current price $5.19 that's a RR of approx. 5:1 before costs. There is short interest of 5m with avg Daily Volume of 2m. This is an opinion not a guarantee and ... just my 2c worth ...
ALong
by Oh_If_Only