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Asxlong

Uptrend Confirmed - Next Buying OppurtunityBullish trend confirmation indications: 1. Downtrend line broken. 2. Impulsive price action at the break of the trendline with High Volume 3. After the impulsive break, price is correcting and consolidating. 4. I would be a confident buyer within the Buy Zone which is the Fib Retracement Level Zone of 50-61.8 % and support of the trendline. The ideal level zone is between $4.90 - $5.00. That will be a trade with confluence. 5. Good Buying Opportunity if it closes positive or prints a Bullish candlestick patterns in the Buy Zone area and on or near the trendline with bullish price action follow through. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:IAGLong
by AsimMirzaTrader
1
Strong Bullish Price Action - New Buying OpportunityBullish trend confirmation indications: 1. Descending Wedge Pattern Broken. 2. Impulsive price action at the break of the wedge. 3. Price Broke the Squeezed Wedge with High Volume. 4. Price has retraced to the broken resistance zone, which is now Support. 5. Price Action shows Bulls are in control. 5. Good Buying Opportunity and very good reward potential. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:AGLLong
by AsimMirzaTrader
4
IPL looks to have turned a corner....Those familiar with IPL will already know they produce explosives, fertiliser & industrial chemicals for Mining & the Ag Industries. You would also likely be aware that the price has been channelling sideways since March 2020. Finally, the price appears to be making a break to the upside, so I like how IPL looks right here; for those who a little more cautious you might want wait for a confirmation, but I am happy to buy it today at this level.
ILong
by TRADER-RI
stronger with high volume after consolidation 1. RZI looks good with good volume. 2. Has been consolidating for a while between 0.70 and 0.73 zone. which is very healthy sign. 3. Bulls are trying to take over, pushing the price up with force to high volume trade zone at $0.865 range. 4. Over all trend is up with confirmation. 5. Good buying position is 0.800 6. I think the first take profit should be as below: a. Fib level 0.786 at $0.845 b. Fib level 1 at $0.990 Note: Please note these are my notes for my own future reference. By no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:RZILong
by AsimMirzaTrader
NOT OVER YET, ONE MORE DAY TO GO & PROTECT 5836 $XJO On 26 August 2020, $XJO was at 6161 and I said we will pull back to the moving averages and a big breakout will come... The 2 day chart have shown us we have broke down to the down side. This week, I said we need to close above 5836 on the weekly to stay bullish. We did that. However, it is not over yet. The 2 day candlesticks DID NOT CLOSE this week , it will close next Monday and start a new candlestick on Tuesday 22/09/2020. Furthermore, we have closed below all three moving averages 20,50,200 and from the past more downside will come in the coming days/weeks. Therefore, Monday will be a very important trading day, Long - Close above 5919 Short - Close below 5836 If close below 5836, the 0.50 Fibonacci Retracement level is my next support....
ASX:XJO
by johninvest17
10
The trend is your friend, Go long until this breaks. It did $XJOWe closed below the trend line last week, can we get above it this week??? If we fail to do so, more selling will come and this could go for several days or weeks. The RSI indicator is still showing a downtrend and if we close below last week's low this week, (5893) it will trigger a sell signal with the TD sequential indicator. Furthermore, the MACD indicator is about to fire a sell signal... Therefore, be careful trading this week. Maybe, it is a good time to take some profits ...
ASX:XJO
by johninvest17
XJO end of 13/06/2020. Opening green next weekFinally, a pullback we've been waiting for. XJO was running way too fast and pullbacks are healthy in the long term. The pullback came right at the 0.618 FIB level. Tested the 200MA and will be interesting to see if we hold the 200MA next week. RSI is still relatively overbought but as the pullback was so sharp, I expect a green day on 16/06/2020 Monday. Apart from the technicals, other reasons for the pullback include 1. Fears of 2nd wave 2. End of financial year profit-taking 3. Federal reserve grim outlook 4. Riots Next week will be a decisive week in determining which direction the market is headed. The overall sentiment is optimistic but the market does not care. Next bullish target is 6380 level. All the best if you went Long on Friday on short-medium term positions.
ASX:XJOLong
by ashainp
3