TNE - Pullback in Progress?TNE - A good looking and up trending chart with Higher Highs and Higher Lows is in the process of a pull back! The question is that where should the pull back end for a possible buy entry. My expectation is that it may continue further down, possibly towards the Buy Zone between $8.10 - $8.40, where there is trendline support and 78.6% Fib Retracement. The second scenario could be a break and close out of the bearish trendline coupled with high volume for a possible buy entry. I will monitor price action keeping both the possible scenarios in consideration for a potential buy entry.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX
RZI - Road MapRZI has given an incredible run to the upside in 2021 so far, and now that its in the process of pulling back, we may have a good buying opportunity soon. Its recent pull back seems incomplete, and I am anticipating it to reach my Buy Zone and the trendline Support where I would be waiting to buy once bullish price action confirms.
The zone where I expect the upward swing to start is between $1.080 - $1.140, and I will see how it reacts in the specified Zone and if the Bulls succeed in taking control. I will be targeting the previous highs or atleast previous resistance (potential 50% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CWY - Possible Pullback in progressCWY has been going in a very good uptrend and appaently it seems that it has gone up quite far and facing some resistance. Hoping to see it retrace lower, ideally to the bullish trendline or towards the 200 SMA for a potential buy setup. I will see how it develops further if and when it comes lower for a pull back. My Buyzone is between $2.35 - $2.50, which is the trendline support area where I will be monitoring price action for a potential buy plan.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
IRE - Possible Breakout!IRE seems to be breaking out of the descending triangle with High Volume, suggesting it may be ready to go higher. We also have a Bullish Cross on the MACD and it seems that this could move higher with force. My target for this trade will be the next resistance level of $10.90, which could be a potential 6.00% gain and TP@ at $11.25 giving a potential gain of 10%.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Z1P - Could provide a buying Opportunity!Z1P has bounced off Trendline Support with good volume and clearly showing bullish price action. It seems that Z1P should continue its swing to the upside. My target on this trade will be the resistance level of $8.90, which could potentially give a 20% gain. My stop on this trade will be below the swing low at $6.20.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ALU.ASX_Range Breakout Trade_ShortENTRY: 24.88
SL: 27.75
TP1: 23.11
TP2: 19.77
- ADX>20
- RSI<50, RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout from range but prefer higher volume
OZL.ASX_Range Breakout Trade_LongENTRY: 25.85
SL: 24.48
TP: 28.41
- ADX>20
- RSI>50, RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- MA aligned
- Breakout with good volume today. Prefer a better closing.
APT.ASX_Range Breakout Trade_ShortENTRY: 89.00
SL: 99.15
TP: 70.06
- ADX>20
- RSI<50, RSI<30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout from range with good volume
KLA - Waiting for a RetracementKLA has clearly bounced off strongly off the strong support and has moved higher confirming the change in trend. it seems that it is facing some resistance and may give a retracement lower for a buying opportunity. I expect it to retrace in my buy zone between $47.50 - $50.00, where I shall buy after bullish price action. My target would be the resistance zone around $63.75 and a stoploss below the last swing low at $40.50.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NXL.ASX_Range Breakout Trade_ShortENTRY: 3.13
SL: 3.56
TP1: 2.91
TP2: 1.90
- ADX>20
- RSI<50,RSI<30
- Daily RS N/A
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS N/A
- Weekly FFI -ve
- Weekly MACD N/A
- Continue to short yesterday after high volume red candle but didn't like the reversal today with high volume
XRO - Road MapXRO has showed a spectacular run in 2020 but since Jan 2021, it seems that XRO needs a breather and the double top kind of price action shows that it might have turned or about to turn for a decent pull back. I will be a confident buyer at or near my buy zone between $78.00 and $80.00, which is also its trendline support. I will be closely watching price action if and when we get there.
BTC chart doesnt look bullish at all 🚨🥵🚨wuuut wuut wuut The charts have been preparing us for this moment, but a lot of people didnt see it coming. They got blinded by laser eyes and attachment to the one Single individual Elon as a savior of this crypto space. Holy cow, now most of the over leveraged people are recket, reason why technical analysis is always better.
Today`s analysis will show the signs that led to the plunge of BTC and no excuses of Elon tweets. Lets deep dive and analyze.
BTC has topped at 64k with a kinda rounding top but there were a lot of topping formation around the 55K to 64K range. As you can see on the chart not only the rounding top was a warning sign but also a H&S formation was in a making and you know what happens when the neckline is broken. This classic TA not stories no crying.
On a micro level, you can see a small channel which was the last hope for BTC to go up to the 60K and potentially above to the 70k, but as you can see it was broken and since then what a juicy short position. All the way from the 54k to the 43k.
At the moment we are at the cross rod, the chart doesn't look bullish but also there is a strong support in the region of 40 to 42K, notice a confluence of the 200MA in that area which can act as a temporary support. If that zone breaks I see next target around the 37K which if broken 30k may present itself as BTC savior for the time being before a plunge to the 20K.
To my followers, I have not been posting recently as the stock market has been full of choppy setups, I am looking for better setups to share with you in next few weeks. At the moment I am more focused on crypto as I find many trade setups. I will be sharing many more ideas on different tokens.
If you like this TA, please put a thumbs up and share it with your friend, your community on tweeter, instagram,tiktok, everywhere.
Be safe and have profitable trades.
Cheers,
XTF
CGF - Another Buying OpportunityCGF has pulled back as anticipated, and is expected to give another buying opportunity. The recent pullback seems incomplete though and may be it has a little more room to the downside before turning up. I have two scenarios:
Scenario 1 - Can go higher after forming a base and shows bullish price action
Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $4.40 - $4.70.
In both the above scenarios, my target is the same targeting the previous highs, atleast towards $6.75 (potential 40% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CTD - Bullish Trade PlanCTD has given an anticipated pullback lower, but the question is that, is the upside swing ready or it may go a bit lower to give a buying opportunity? I have two scenarios:
Scenario 1 - Can go higher after the recent bullish bounce i.e it may march higher.
Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $15.00 - $15.60.
In both the above scenarios, my target is the same as this could be a B wave.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.