Elemont

Elemont

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Elemont

Remain cautious on the long-side given bearish divergence & the double top. Look to buy any pullbacks. A positive China Trade Deal or interest rate cuts may see ASX 200 reach new ATHs.

Elemont

Expect price to retest support levels at 0.9417 & 0.9389

Elemont

Look to sell pullbacks today.

Elemont

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Elemont

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Elemont

Wisetech has been failing to breakthrough resistance for the past 2 months, forming a downtrend on the RSI. A break above the pocket of resistance at $23.85 would see Wisetech retest its ATH and most likely break it higher. A break below the local dotted uptrend line should see Wisetech retest it's major uptrend line around $20.

Elemont

Expect EURGBP to retest support on bearish Euro momentum

Elemont

We expect price to test the resistance pocket between 1.610 - 1.645 shortly, off the back of a bullish breakout and positive NAV movements. LSF is still trading at a 10% discount to NAV. There is the possibility of a pullback to retest the breakout point 1.500 - 1.540. We expect any pullback to be met with big buyer demand, so long as the NAV keeps making gains.

Elemont Updated 

USDMXN has made a triple bottom, with bullish divergence on the stochastics. Price action looking to retest the local resistance. A break above that should see a test of the main resistance, which is our main target.

Elemont Updated 

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Elemont

Expect momentum to push price towards next support.

Elemont

Expect price to test the 1280s soon off the back of bullish divergence and an over-extension by the bears.

Elemont

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Elemont

Expecting price to bounce off support and break out of the triangle pennant, targeting next resistance.

Elemont

Expect bulls to take over and price to test resistance.

Elemont

ARK has finally found itself testing a major support level at 1,000. Given the current bullish atmosphere in crypto, we expect ARK to bounce off this level, or at the very least, be a good entry point for when the altmarket finally turns bullish. The main risk with any altcoin purchase currently is that spikes in Bitcoin may cause selldowns in alts.

Elemont

Bulls are firmly in control of Bitcoin. If price closes above 5,460 expect 5,800 to be tested. 5,800 is the beginning of Major Resistance, where Bitcoin made multiple lows before price broke through lower.