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ASX

DELOREAN (DEL:ASX)DEL was in a falling wedge pattern after entering the asx and hitting $0.42c and falling as low as $0.18c but has since broken out of that pattern and looks like it's ready for a reversal. IPO price was $0.20 and it's currently consolidating around that price area. It also recently confirmed a lower higher. DEL looks like a solid buy at it's IPO price of $0.20 with the company showing promising financials, revenue, net profit, no debt and a P/E of around 6x. It's definitely a long term play but could provide some solid returns in the short term as it's financial data is signally it to be undervalued. DEL also has a 54% Return On Equity which is very impressive. *Note, This is not financial advice.
ASX:DELLong
by Axedd
$GXY possibly confirming a Cup & Handle pattern on the weekly.Looking in depth at $GXY we can see this week's candle is potentially confirming a bullish move upwards as it shows signs of a successful Cup & Handle pattern. Tomorrow will tell. Other indicators to consider are the cross of the MACD. If the cross occurs on Friday then I'm 99% sure this will be a great long. However if not, it's up in the air whether next week will be red or green. Either way, I'm still bullish for the year. Brad's Confidence Meter: ★★★★☆ Buy order: $3.80 Stop loss: $3.41 (-10.26%) Take profit : $5.60 (+47.37%) Risk to Reward Ratio: 4.62 Not financial advice. Be safe and good luck!
GLong
by dekudekudeku
1
BRN - Could we see a bounce?BRN looks like it may have found support around the 200 SMA and a possibility that we could see a bounce off soon. MACD has crossed also indicating that this could be a zone where buyers could get strong and take price higher. My target on this trade would be $0.550, a potential gain of 10%) with a stop below the swing low. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:BRNLong
by AsimMirzaTrader
3