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Asx200long

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.
ASX:CGFLong
by AsimMirzaTrader
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.
ASX:CTDLong
by AsimMirzaTrader
LLC - Another great Buying OpportunityLLC may be getting ready for a another buying opportunity. The current pullback is a retracement of the trend. It seems that Price is forming a base right at the edge of the channel. A close above the trendline (tentatively $12.15) could be a bullish sign and I would be a buyer . My trade plan for this trade is as follows: TP1 - (potential gain 10%) TP2 - (potential gain 20%) Stoploss - 11.60 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
ASX:LLCLong
by AsimMirzaTrader
NST - Bullish Trade PlanNST has broken out of the bearish trendline with high volume. The breakout to the upside has worked worked well and this could be a confirmation of a new swing to the upside. NST has moved up since and has been consolidating within a flag pattern which is a bullish pattern and a follow through to the upside is expected, therefore I am long NST. My trade plan is given below: TP: $12.50 (potential gain - 12%) Stoploss - $10.15 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NSTLong
by AsimMirzaTrader
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.
NLong
by AsimMirzaTrader
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.
ASX:NSTLong
by AsimMirzaTrader
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.
ASX:MFGLong
by AsimMirzaTrader
1
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.
ASX:MNDLong
by AsimMirzaTrader
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.
ASX:EVNLong
by AsimMirzaTrader
1
NHC - Expecting a PullbackNHC moved higher as expected (link of our previous Trade Plan Idea attached) and now it has found resistance currently and is expected to pull back lower. This pullback is expected to reach the Bullish Trendline Support Zone of $1.260 and bounce higher. This could be a zone where we expect NHC to find buyers and take price higher. We will be monitoring the Price Action closely once it finds support and will update accordingly. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NHCLong
by AsimMirzaTrader
NHC - Bullish Trade PlanAfter making a Higher High and then pulling back to Fibonacci Retracement of 78.6%, NHC has bounced off strongly giving a strong break of the bearish trendline with High Volume. it bounced off exactly from the High Profile Volume Zone (confluence), indicating that it is most likely to head higher towards its previous highs!! TP1 - $1.380 (potential gain 5%) TP2 - $1.430 (potential gain 9%) Stoploss - $1.150 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NHCLong
by AsimMirzaTrader
CTD - Expecting a Deeper PullbackCTD has been rallying since the huge drop it experienced during the pandemic and it seems that it needs a breather before the upswing continues. CTD has been in an uptrend forming higher highs and higher lows but now we are expecting the current pullback to be deeper because of the Bearish Divergence on MACD and the Bullish Momentum getting weak. We are expecting price to come down to its Support Level (also the Trendline Support Level) between $14.55 - $15.25 zone. This could be a zone where we expect CTD to find buyers and take price higher. We will be monitoring the Price Action closely once it find support and will update accordingly. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CTDLong
by AsimMirzaTrader
GXY - Buying OpportunityGXY seems to have taken off north, after breaking out of the triangle with very High Volume, so any retracement lower shall be a fantastic buying opportunity as it has been in a clear uptrend forming higher highs and higher lows. All we need is a little retracement towards the Support level and trendline Support level of $2.45 where it may come to backtest and shall wait for some bullish price action confirmation before we get into the trade. This will surely be an amazing buying opportunity for a strong move to the upside. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
GLong
by AsimMirzaTrader
MND - Another Buying Opportunity?MND may be poised to move up aiming its previous resistance. A breakout of the bearish trendline (Wedge) combined with bullish price action off from the POC of Volume Profile makes me bullish. Another evidence is the MACD cross with Bullish Divergence which tells us that the Bearish Momentum has exhausted as price was going down and MND is ready for an upswing. My trade plan is as follows: TP1 - $12.40 (Potential gain 10%) TP2 - $13.30 (Potential gain 20%) Stoploss - $9.90 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:MNDLong
by AsimMirzaTrader
1
REX - Is the Pullback Over?REX has stopped its fall and has decisively bounced off the 200SMA and it seems that the pullback is over and price is likely to move up. MACD has given a bullish cross which is also a bullish sign and a confluence. I am expecting the upswing to continue higher. My trade plan is as follows: TP - $1.880 (potential 17% gain) Stoploss - $1.420 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:REXLong
by AsimMirzaTrader
1
YAL - Ready to take off?YAL has been getting very well supported on the 200SMA and the consolidation is probably gathering energy to push higher. With MACD Bullish Cross as a confluence, I am bullish YAL and expecting it to move higher in the next few trading sessions. My trade plan is as follows: TP1 - $2.45 (potential gain 7%) TP2 - $2.55 (potential gain 11.5%) Stoploss - $2.15 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:YALLong
by AsimMirzaTrader
MEZ - Bullish Trade PlanMEZ looks good and ripe for a move higher because of the two consecutive breaks of the Bearish Trendlines with High Volume and has bounced off its strong support of $4.60 level. MACD has got bullish too and maybe we shall see the upswing continue to go higher. My target for this trade would be $6.00 level which could be a potential 18% gain. TP - $6. 00 (Potential Gain 18%) Stoploss - $4.50 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:MEZLong
by AsimMirzaTrader
ANO - Bullish Trade PlanI am expecting ANO to move higher in the next few trading sessions. Price has been getting supported above the 200SMA and 50SMA and has been consolidating and volume is also picking up. Price initially broke out of the Bearish Trendline with very High Volume and MACD has also crossed, giving a Bullish signal. My trade plan is as follows: TP1 - $$4.60 (potential gain 8%) TP2 - $$4.90 (potential gain 15%) Stoploss - $3.90 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:ANOLong
by AsimMirzaTrader
DOW - Seems like thePullback is over.DOW looks good and ripe for a move higher because of the break of the Bearish Trendline with High Volume. MACD has got bullish too and maybe the pullback is over and we should witness this leg higher as we are in a clear uptrend. My trade plan is given below: TP - $5.55 (Potential Gain 7%) TP - $5.80 (Potential Gain 10%) Stoploss - $4.88 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:DOWLong
by AsimMirzaTrader
1
CSL - A Potential buy Plan?CSL could be bottoming, as it appears so on the Weekly chart after it bounced off support with High Volume. Could it be a double bottom? Maybe, only time will tell. At this point, it seems that it may have bottomed medium term and may move higher. My trade plan is as follows: TP1 - $270.00 (potential gain 6%) TP2 - $288.00 (potential gain 13%) Stoploss - $237.00 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CSLLong
by AsimMirzaTrader
IAG - Is there a Buying OpportunityIAG seems that it has found solid support after being flushed heavily. With Bullish Price Action at Support, a break of the Bearish Trendline with very High Volume and MACD cross with Bullish Divergence makes me confident that we can cautiously buy. My Trading Plan is given below: TP1 - $5.50 (potential gain 13%) TP2 - $5.90 (potential gain 21%) Stoploss - $4.20 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:IAGLong
by AsimMirzaTrader
NST - Seems that it has found supportAfter falling hard, it seems that NST has found solid support. With the Bearish Trendline getting broken after a solid bounce, coupled with very High Volume and MACD Cross, I expect a follow through in price to the upside. I am bullish NST and expect it to move higher. My trading plan is as follows: TP1 - $10.80 (Potential gain 10%) TP2 - $11.80 (Potential gain 20%) Stoploss - $8.60 Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NSTLong
by AsimMirzaTrader
1