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ASX

HPG.ASX_Retracement Trade_LongENTRY: 3.72 SL: 3.37 TP: 4.27 - 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 to 50% fib level each time and seems to react positively at that area. - 23 Sep, 6 Oct and 18 Oct shows buyers in control with higher average volume on green candles and low volume on retracement. - 15 Oct looks like volume dry up and 18 Oct break above HVN. - Descending triangle and looks hopefully would break out in the coming days.
ASX:HPGLong
by TRADER-WANNA-BE
RDY @ 9 NOV 2021Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 4 Nov (red arrow) -> suggested waiting for a retracement and a successful rebound - Since then, the stock has retraced to test the psychological support at $4 levels - Personally, I would prefer a retracement back to the short-term support so that there is a better setup for entry - If the stock doesn’t retrace further, a successful rebound would be around 4.20 levels - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with a strict 10% entry
ASX:RDY
by Jerm88
QAN @ 9 NOV 2021Text me if you have any questions/comments for me. ----- QAN - Previous analysis was done on 26 Oct (red arrow) - Suggested waiting for a successful rebound at 5.80 levels before plotting entry - Since then, the stock has successfully recovered and looks to be trading at a resistance - Another retracement from here would create a strong Triple Top resistance - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe that breakout will be successful
ASX:QAN
by Jerm88
IMD @ 9 NOV 2021Text me if you have any questions/comments for me. ----- IMD - Previous analysis was done on 14 Sep (red arrow) -> suggested entry at 2.43 levels if believe the stock can form new all-time highs - Since then, the stock retraced to test the mid-term support before rebounding to $2.43 on 28 Sep (blue arrow) - Another retracement and successful rebound later, the stock has achieved gains of more than 15% within 6 weeks - Recent price action to test the short-term support has provided a good setup for entry - A successful rebound would be around 2.90 levels - 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
IEL @ 9 NOV 2021Text me if you have any questions/comments for me. ----- IEL - Previous analysis was done on 19 Oct (red arrow) -> suggested waiting for a retracement and a successful rebound - On 8 Oct (blue arrow), suggested entry at 35.75 levels -> If followed suggestion, would be getting 9% returns in roughly 3 weeks - Stock created new all-time high before retracing to a weak test of the short-term support - Today’s price action is technically a successful rebound - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock can create new all-time high
ASX:IEL
by Jerm88
LIC @ 9 NOV 2021Text me if you have any questions/comments for me. ----- LIC - Previous analysis was done on 27 Oct (red arrow) - Suggested waiting for a successful rebound to 23.50 levels before plotting entry - Since then, the stock is stuck in No Man’s Land with the short-term average proving to be a resistance while the mid-term average is a strong support - A strong break of the mid-term support would likely be a Structure Break - A successful recovery looks to be around 22.60 levels - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:LIC
by Jerm88
CVW @ 9 NOV 2021Text me if you have any questions/comments for me. ----- CVW - First time doing a written analysis on CVW - Stock has some history of erratic uptrends followed by a 90% drop from the All-time High on 2018 till the Covid pandemic crash - From March 2020 till Sep 2021, the recovery has been slow with a plenty of sideways movement - Over the last 2.5 months, the stock is showing promising signs of an uptrend - Last week’s strong test of the short-term average is proving that the stock is respects the strong support - Strong resistance at $0.80 levels that has been around as far back as mid-2014 - Successful breakout looks to be at 0.815 levels - R is above 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry if comfortable with a strict 10% Stop Loss
ASX:CVW
by Jerm88
ACL @ 9 NOV 2021Text me if you have any questions/comments for me. ----- ACL - Previous analysis was done on 6 Oct (red arrow) - Suggested waiting for HH and HL formation before plotting entry - Since then, the stock is forming a series of HHs and HLs - A rebound of the short-term support would create a new Higher Low and provide a good setup for entry - A successful rebound look to be around 4.55 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:ACL
by Jerm88
29M @ 9 NOV 2021Text me if you have any questions/comments for me. ----- 29M - First time doing a written analysis on 29M - Since IPO, the stock has had a nice uptrend except during the September slump that affected the overall ASX market too - The short-term average is starting to be a strong support - Today’s Bearish Pin Bar with average volume can be a concern - Technically, the rebound is considered successful - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if comfortable with potential strong retracements
ASX:29M
by Jerm88
RDY @ 4 NOV 2021Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 26 Oct (red arrow) -> suggested waiting for a retracement and a successful rebound - Since then, the stock did not have a strong retracement but instead has broken through the psychological resistance at $4 levels - On 12 Oct (blue arrow), I also suggested entry at 3.50 levels which has seen the stock increase almost 20% since - Price is currently too far from the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
ASX:RDY
by Jerm88
MQG @ 4 NOV 2021Text me if you have any questions/comments for me. ----- MQG - Previous analysis was done on 23 Sep (red arrow) -> Suggested entry around $178 levels if believe the stock can create new all-time highs - Since then, the stock tested the $182 resistance for 2 weeks before breaking out strongly - The stock has also had a weak test of the short-term support and has successfully rebounded - If you have taken the recommendation, you would in profit of around 13% after 6 weeks -> the returns strengthen the previous analysis that the stock fits investors/traders with a more conservative risk appetite - Currently, a good setup for entry has presented itself - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock can create new all-time highs
ASX:MQG
by Jerm88
LKE @ 4 NOV 2021Text me if you have any questions/comments for me. ----- LKE - Previous analysis was done on 21 Oct (red arrow) -> Suggested waiting for a retracement and a successful rebound - Since then, the stock has strapped on rockets to comfortable close above the psychological resistance at $1 levels - On 14 Oct (blue arrow), I suggested entry around 62 cents levels and following that recommendation would mean getting almost 77% gains - A retracement or sideways price consolidation would be good for the mid-term health of the uptrend - A strong pullback could still take place - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
ASX:LKE
by Jerm88
DMP @ 4 NOV 2021Text me if you have any questions/comments for me. ----- DMP - Previous analysis was done on 12 Oct (red arrow) -> Suggested waiting for a series of HHs and HLs due to Structure Break - Since then, it tested $132 levels as a support before trying to break the short- and mid-term resistances - Today’s huge gap down to the strong support at $115 levels proves that the Structure broke in early Oct - Trend Followers buy stocks that are in an uptrend and DMP hasn’t been up-trending for a few weeks - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
ASX:DMP
by Jerm88