Get started
IRI Integrated Research WeeklyIRI Weekly Looking for an entry into this, as fundamentals are good and it appears undervalued Technically near long term support level and has 2x bullish harmonic patterns being a bullish bat and a bullish anti shark These patterns complete at different levels being $0.40c and $0.205c Clearly I prefer $0.205 with oversold indicators as well but this may or may not happen Not enough for me to buy right now but I've added to my watchlist Likely enough to double investment, so this would become a buy, sell half at double and keep the rest to a long term target over years
ASX:IRILong
by dionvuletich
ASX:FPH ELLIOTT WAVE ANALYSIS ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation). We see that ASX:FPH stock is about to complete a Triangle with wave 4, and prepare for the push up with wave 5. This analysis will guide you through the key points and important price levels to know the upcoming important market movements in the most intuitive way. Details: The 4H chart shows a more detailed representation of the Triangle of wave (4)-orange. I guess it is probably coming to an end, and preparing to end this fourth wave, so be ready for wave (5)-orange to return. A push above 35.45 would add weight and confidence to this view. Conversely, no push above, instead a break through the end of wave C-grey would eliminate the bullish view of wave (5)-orange. Invalidation point: The end of Wave C-grey Confirmation point: 35.45
ASX:FPHLong
by ShaneHua
DYL Weekly Corrective PatternsThought I would revisit Deep Yellow DYL ASX stock again to see where we are at This stock follows Elliott wave and fibonacci levels very well and was a 500% trade for me from $0.30 up to $1.50, there are multiple posts I created about it along the way The stock itself is in a long term holding pattern as it is unlikely to become profitable in the next 1-2 years Therefore I looked at the overall structure to see if were any corrective patterns and interestingly it has a pattern of forming 3-3-5 flat formations i.e. ABC down, ABC up + larger 5 wave move down or in reverse 3-3-5 flat formations are corrective in nature and trend sideways, but are still tradeable if you know where you are in the overall structure and pick low risk high reward entries and know when you should get out... On this chart if we were to mirror an earlier 3-3-5 pattern and look at what happened next, it created a 3 wave (ABC) move in the opposite direction to the 5 wave move What that means is that I believe it is possible for this to rally from $1.20 to around $1.70 which is a ~40% move, before falling back to $1.20 or lower, then form a base to create a 5 wave move upwards What does this mean? from my perspective it means there is a chance that this could rally short term before dropping back to the origin or even slightly lower and then create another 5 wave move upwards No trade for me, but interesting to see sideways patterns forming and understanding what is actually happening, and also knowing you can trade them...
ASX:DYL
by dionvuletich
2
ASX:COH ELLIOTT WAVE ANALYSIS - 8 JAN, 2025 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master. Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave (y)-orange of Wave ((2))-navy Details: Looking closer, wave (2)-orange looks like it is developing as a Flat labeled A,B,C-grey, and we still have a push lower with wave C-grey. Then wave (3)-orange will return to head higher. On the other hand, the rapid and strong penetration of the 309.63 high directly suggests that wave (3)-orange in the ALT alternative scenario is probably unfolding. Invalidation point: 17.80 Confirmation point: 19.65
ASX:COH
by ShaneHua
BGL has reached support levelBGL has been trading within a parallel channel since 2020. Price has now reached the lower bound of this channel range. This would be a good time to buy more BGL. Gold price has stablised and sitting flat for months now. I am expecting the gold price to move higher in 2025 unless there is a major crash in equities , which is a real possibility because of the overbought signals. But as you know the government and central bankers need to maintain the bubble as there is no going back to sound stable money and price stability. The aim of the game now is to continously inflate until the whole system implodes. price stabliility now means inflation rate of 2-3% p.a. which is like your doctor saying you need to stablise your hba1c but making sure it goes up .5 each year.
ASX:BGLLong
by IronBuddha
1
WOW - buy siganalWOW looking cheap. technically the price has moved to 61% fibonacci level which is usually a strong level of support. current dividend yield at this price is about 3.5% which is also decent. There is a kabuki dance between WOW and the govt about price gouging but in reality everyone knows big business are very close to government. target sell for me at this point is $36. I have entered at $30. There isnt any real competition in this space and COLES and WOW dominate the market. The introduction of self checkout means less labour costs. cheap labour imported labour refills the shelves. think about the prices you paid 10 years ago in 2015 and i you will realised the prices have more than doubled not to mention the lower quality and smaller packaging. ** war is based on deception
ASX:WOWLong
by IronBuddha