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ASX

$GOLDin USD Looks like a queeze up to COMEX open time is possible... Let's see. As I said last night.. there are enough features here to sow doubt in me that it's a bearish chart. I think could go either way, but I'm leaning 51/49 to go up. As @lukeytrags has been quite upset about, the goldies are capitulating today. I think that's the last scream of capitulation as theyr race to hit RI30 and lows on charts for FBOs etc before they go up. GOtta break the back of hodlers so they're too scared to re-enter, until they aren't and they chase it all of the way up.
TVC:GOLD
by UnknownUnicorn13172879
SHL @ 27 SEP 2021Text me if you have any questions/comments for me. ----- SHL - Previous analysis was done on 13 Sep -> suggested waiting for successful rebound to around 43.00 levels before plotting entry - Since then, the stock did not recover to around 43 levels - Instead, the stock closed below the mid-term support last Friday - In last night’s livestream, I shared that I was still holding the stock and I’m going to risk some of my unrealised gains to see if the stock is capable of an immediate recovery - Today, it closed above the mid-term resistance by the skin of its teeth - I’m still concerned by the lack of buying volume returning -> an important criteria that can drive a strong rebound - A successful rebound will be at 42.50 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
ASX:SHL
by Jerm88
CXL @ 27 SEP 2021Text me if you have any questions/comments for me. ----- CXL - Previous analysis was done on 15 Sep -> suggested waiting for retracement and successful rebound - Since then, the stock created a new all-time high and quickly to test $5 levels - Price is quite extended at the moment and far from the short-term support - A successful rebound look to be around 5.35 levels - Due to the risky setup, a better way to manage this trade is to wait for another retracement and rebound wave - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for another retracement and successful rebound
ASX:CXL
by Jerm88
CSL @ 27 SEP 2021Text me if you have any questions/comments for me. ----- CSL - Previous analysis was done on 7 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone - Since then, the stock continues to be bounded by the overhead resistance zone (blue shaded area) and the counter-trendline (purple dash line) - As mentioned in last night’s livestream, I raised my concerns that the stock might experience a retracement - Stock closed below the short-term average -> we could see a test of the mid-term support this week - A successful rebound would be when the stock goes back to 310 levels - R is below 10% - Strategy-to-buy (DYOR) – Suggest half entry around 310 levels if comfortable with overhead resistance zone
ASX:CSL
by Jerm88
ACL @ 27 SEP 2021Text me if you have any questions/comments for me. ----- ACL - Previous analysis was done on 23 Sep - Suggested waiting for successful breakout of 4.60 levels accompanied with strong volume before plotting entry - After last Friday’s gap up and quick retracement, I thought the stock would retrace to the short-term support again - Today, the stock closed above the resistance with slightly above average volume - Stock looks to be a bit far from short-term support -> slightly higher risk - Continued price action above today’s high would be a successful breakout - Increased trading volume would be another good confirmation - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of forming new all-time highs
ASX:ACL
by Jerm88
ASX 200 @ 27 SEP 2021Text me if you have any questions/comments for me. ----- 27 SEP 2021 – Market Watch As mentioned in last night’s livestream, the ASX 200 is currently trading in No Man’s Land. This is a zone where it is trading in a band that is bounded by a strong resistance (7400 levels) and strong support (7250 levels). Usually, when an index or stock is stuck in No Man’s Land, there needs to be a strong catalyst to break either the resistance/support. With the markets still feeling the unease stemming from Evergrande’s missed interest payment last Thursday and the continued lack of clarity on the US Fed’s tapering plans, I fear we might continue to be stuck in this tight band (blue shaded zone) for at least the coming week. The best-case scenario is if there is a successful push to 7500 levels and beyond. If it happens, I would be more bullish on the market. As it is, I am more trigger happy when deciding to trim positions. If Evergrande somehow presents a huge contagion effect at a global level similar to Lehman Brothers, the ASX 200 will likely drop to possibly even break 7150 levels. 88% of my stocks are green today. How about you? If you find this market analysis helpful, let me know in the comments. May the markets continue to be with us! Disclaimer:- I’m a mid-term trader and I hold my stocks between 1-3 months. I’m using Trend Following strategies and my analysis will be from a perspective as a Trend Follower. I’m sharing these analyses for learning purposes and as always, DYOR.
ASX:XJO
by Jerm88
10
$BBX looking FKN BULLISH!So sure it's just dumped 10% but hear me out Look at the RSI! This has been a long crazy consolidation - it's approaching an energy point and strong support and it's gotta girate to pump up teh RSI (similar to BBs here) so that it can move up without too much rtesistance - this is a PA-driven rise, not FA, becuse no results for a while. But it is definitely ovesold (assuming it's not a fraud) This is exactly what we need to see - down the elevator, up the stairs and boom out of that little bullflag there.! As long as it bounces.
B
by UnknownUnicorn13172879
XRF @ 23 SEP 2021Text me if you have any questions/comments for me. ----- XRF - Previous analysis was done on 14 Sep -> suggested waiting for stock to retrace and rebound successfully - Stock recently had a minor retracement and rebounded - On 30 Aug, suggested entry at 0.54 levels if believe the stock can create new highs - Since then, the stock has risen 24% in less than 4 weeks - If you missed the suggested entries, current price is no longer suitable for entry - Price is currently too far from the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for stock to retrace and rebound successfully
ASX:XRF
by Jerm88
TLS @ 23 SEP 2021 Text me if you have any questions/comments for me. ----- TLS - Previous analysis was done on 14 Sep - Suggested half entry at 3.95 levels if believe the stock can successfully breakout of resistance at 4.00 levels - Since then, the stock had a failed breakout and quickly retraced back to the mid-term support - Stock is rebounding and is again testing the strong resistance at 4.00 levels again - Successful breakout looks to be close to 4.10 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout before plotting entry
ASX:TLS
by Jerm88
REA @ 23 SEP 2021Text me if you have any questions/comments for me. ----- REA - Previous analysis was done on 9 Sep - Suggested waiting for successful breakout of 170 resistance levels - Since then, the stock has gone up 9% and broken through the counter-trendline (purple dotted line) - 170 levels has been a resistance since June 2021 (blue dotted line) - A successful breakout looks to be around 174 levels - If a breakout is unsuccessful, it’s important that the stock rebounds of the counter-trendline - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of 170 levels
ASX:REA
by Jerm88
4
MQG @ 23 SEP 2021Text me if you have any questions/comments for me. ----- MQG - First time doing a written analysis on MQG - Stock has a history of uptrend that is punctuated with sideways movements - Usually, a low volatility stock that doesn’t have strong pullbacks (less than 10%) - Stock would fit traders/investors who have a longer time horizon (ie. A few months) - Recent test of the short-term support and subsequent rebound has provided a potential rebound entry - R is less than 10% - Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of creating new all-time highs
ASX:MQG
by Jerm88
CHC @ 23 SEP 2021Text me if you have any questions/comments for me. ----- CHC - Previous analysis was done on 21 Sep – Suggested half entry at 18.30 levels or wait for successful breakout of 18.50 resistance levels - Since then, the stock has successfully broken out with above average volume - If you have taken the entry suggestion, there will be gains of 2-4% within 2 days - Stock is currently trading at all-time high levels - Price is too far from short-term support -> no good setup for entry - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for retracement and successful rebound
ASX:CHC
by Jerm88