ASX
ORE.ASX Long @6.90Breakout Long @ 6.90
Tp 7.36
SL 6.45
Attention to the proximity of the ATH level. A potential catalyst for taking profit.
ASX:DUB - Company in blue sky zone...Bank Compliance needs....ASX:DUB - ( Dubber corporation ) Pretty interesting company to read - ASX listed Dubber Corporation - Recording for compliance
Compliance Voice recording, which has been common in bank dealing rooms for decades, has become an important component of regulatory supervision across most aspects of banking.
The Dubber business model is pretty straightforward. It sells a native cloud solution that is offered as a software-as-a-service. The product appeals to companies wanting to monitor conversations in call centres or for broader recording of staff conversations.
That also reflect in stock price - stock hitting ATH...Added in watch list - seems long term story brewing here.. ASX:DUB
Sell in MAY and go away? ASX 200Looking at this monthly chart the price of the ASX 200 INDEX shows we could have a drop in the market for a few months at least starting in May.
The supertrend monthly is down and the price will have to fight at as resistance if it wants to move higher. However historically it has been rejected and a drop lower occurred before it actually climbed over it.
I have circled the area of the 2008 crash as the comparison is similar. The drop happened and the climb was fast until it was near the supertrend and it tested it twice before the market went lower. It actually took 5 years before the market was higher. I believe we are in a similar boat now.
NCM - Buying Opportunity!NCM broke out convincingly out of the Bearish Trendline indicating that the Bearish Trend might have been over. Since price moved out strongly to the upside, it seems it has found resistance and heading lower for a pullback. The current pullback could provide a good buying opportunity for us. I have marked a buy Zone ranging between $25.00 and $26.00, which is a Fib retracement range of 50% and 61.8%. If price manages to reach my buying zone, I would take a long position after bullish price action.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NST - Could give another buying opportunityNST seems that it has found some resistance and is retracing lower. The breakout to the upside worked well and looks like the next pullback could be around the corner for another buying opportunity. I have marked a buy zone ranging between $9.70 - $10.40. If price retraces lower within that range, I would take a long position after bullish price action.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
MFG - Is it a brekout?MFG has managed to close above the Bearish Trendline (Wedge) with very high volume volume. The bounce is expected to continue towards its Resistance which should be the take profit zone now. There is Bullish Divergence on MACD suggesting that the Bearish Momentum has finished and the Bulls have taken control. My trade plan is given below:
TP1 - 54.7 (Potential gain 15%)
Stoploss - $41.5
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
NAB will probably have ~10% gain after earnings reportInvestors show no interest in profit-taking until NAB earnings reports are published in May. The price movement is squeezed around the pre-covid resistance level. Instead of buying NAB now, it's better to see how the market will react to the earnings report. If the ascending triangle is broken, the price will move to the next resistance level quickly. This will yield a 10% increase or 50% profit if use 1:5 margin CFD.
NAB is short term bullish, with no signs of a pattern reversal. However, consider the performance of AUS200 and US500 indexes because Australian shares quickly react to the US stock market.
Not a financial advice, just a note to myself.
MND - Have we witnessed a Bullish Breakout?MND seems to have broken out strongly out of its descending wedge with high volume suggesting that we may have seen a bottom on the Weekly chart. I think price may find some resistance currently and provide a great buying opportunity lower. I think that any pullback lower may be a buying opportunity. It could restest the POC of Volume Profile or previous Support, or any retracement lower. I would be a buyer at $11.00 and would target the old highs, ideally towards $13.30 - $13.50 range.
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
EVN - Bullish Trade PlanIt seems that EVN has found good support on the long term trendline and whenever it dropped, the trendline worked extremely well. This time too EVN has bounced off convincingly. This makes me bullish ECN and any little pullback could be a very good Buying Opportunity. I have marked a Buy Zone between $4.20 - $4.30. My trade plan is if price retraces lower, I would take a buy position in that Buy Zone after bullish price action, with a stop below the last swing low at $3.70 and targeting the old highs!
Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
MNY.ASX_Breakout Trade_LongENTRY: 3.18
SL: 2.85
TP: 3.38-3.86
- ADX<25. Around 23.
- RSI>65
- RS and FFI +ve
- Daily MACD +ve
- Breakout with good volume on 19 Apr 2021
COBALT ETF (ASX:JRV+ASX:COB+ASX:CLQ+ASX:CLA+ASX:AUZ+ASX:ARV) I've created a list of companies to represent the price of Cobalt Mining Stocks on the Australian Stock Exchange, similar to an ETF.
Cobalt appears to be in early stages of a market cycle with utility across high-growth technology/industrial sectors: electric vehicles (lithium-ion batteries), semiconductors, renewable energy, etc.
Please do your own research before making an investment decision, this is not financial or investment advice. Due diligence is important.
APX: Cautious View With Levels I May Try to Catch the KnifeAfter announcing full year results, Appen LTD ASX: APX continued its downward slide to touch support in the 15 AUD region. APX has rallied somewhat recently, but momentum has barely turned positive on the daily and continues to remain negative on the weekly timescales. The 15 AUD level matches up with a past peak in Aug/Sept. 2018 and I believe will be a key area to break before APX can move lower. May and June are typically less bullish months for Australian stocks and that combined with APX continuing to show weakness under the moving averages, I believe we may set a new medium term low in June/July before any bounce into the Half Year earnings report as shorts cover. My expectation is that the 13-14 AUD range will be tested, possibly even lower. If the RSI's line up with both Weekly and Daily oversold with momentum turning less negative, I may accumulate for a possible rally into earnings. Depending on the outcome of earnings in August as well as the general market trend, I could see a trend reversal occurring or a possible move lower to further support in the 8-10 AUD region at which point I might buy the dip. Short term resistance seems to be in the 17 AUD region. Definitely risky on the short term but an interesting company to me long term. What do you think?
TA to Support FA as FireFinch set to Break Out on Big News EventFFX Looking to break through historical support as we break through short term resistance at 27.5c on near term news flow supported by Gold and Lithium sentiment with blue skies until we hit historical price support now walls as we look to retest 53c first test and 81.5c all time high.
A lot will depend on greater sharemarket movements but with a lithium demerger in a lithium bull and the upramping of the gold mill with an aggressive drill campaign shoring up greater reserves and grades its hard to see company specific news pushing the stock to align with the above T.A.