Page 34 | Ideas and Forecasts on Stocks — Australia — TradingView

Broken out of downtrend, consolidate then go up Normally it's hard to call bottom on a chart like this as it's relatively new but global lithium index looks like it's bottomed and recovering - which means ASX lithium also follows suit. We want to see it test resistance a few times around $4.28, break out and close above this level on a Weekly candle, then re-test this level which will be a solid confirmation of beginning of upward trend. Something else to look for confirmation is shortman.com.au and see PLS shorts decreasing. At the time of writing, PLS is most shorted stock on ASX at 19.43%. Not a bad time to start loading up on quality lithium stocks.

A1N Reversal A1N is forming a common reversal pattern imo. Volume is showing a lot of strength yet price continues down further and further. For now It's probably best to stay on the sidelines, firstly we will wait to see how pa forms around the grey box.

by oliver1fraser

short term trade for SBM SBM sitting at bottom of the cycle. It had a massive run in the past decade but has fallen back. Sentiment is low and i Feel all the sellers have been exhausted. Everyone who wants out of SBM is out so expect a short term bounce. Gold price making new highs will help. technically this setup looks strong so next target will be about 50 cents. on the Macro side of things. The phony economic numbers are boosted by Govt spending which is only surface level. intrinisically the economies of the world have been in recession since 2019. I suspect govt sectors and its rent seekers to make up more than 50% of GDP. The private sector is dead or moved to China. Wars continue as the Empire tries to hang on. Wars are fundamentally inflationary. Like Keyenes said . in the long run we're all dead.

$CVV Copper play popping back above the 200 day.Copper player in WA. Above the 200 day on significant volume. Clearly getting interest with Hg on a tear. DYOR. LSE:94MC $8M cash in bank.

Buying BEN stop at 11.77 Ben was not performing well up to now compared to sector. price just broke out with good momentum. price has consolidated at high and now looking to break out. after FED decision AXS holding it's ground confirming mkt still see a soft landing. DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.

by Gihanhemachandra

what i think probably continue bouncing through the channel until sales hit the quarterly at which point in time it'll just burst through 0.60 and remain above. aimho - dyor

Buy NAB 37 stop at 35.50 buying NAB given the price consolidation around this level. again going for a tight stop of 4%. overall market is positive and banking sector will need to support this move. NAB price action looking good just broke off 50 day MA. We could see price moving up from here to all time highs.

by Gihanhemachandra

PAC, aggressive long entry PAC in a weekly ascending wedge. Daily is looking shaky but that's because it's on the bottom of that wedge. Aggressive long entry with a stop below previous anchor point on the wedge. Confirmation is to wait for a BO, then entry on the retest of the level.

by lonelyOrange57928

SFR, confirmed uptrend, long SFR in a strong weekly uptrend. Daily just broken out of a major consolidation level. Watching for a retest entry, and trend follow.

by lonelyOrange57928

CTT BO, daily reversal CTT had a convincing BO of 2 dollar range on strong annual report, looking at entry on a retest of 2

by lonelyOrange57928

RUL BO of consolidation trend We've got a weekly BO and retest of 2.20 Daily breakout of consolidation trend. it's looking strong but too strong? Trade to ATH and hold for trend follow. Not in it.

by lonelyOrange57928

$pls ASX:PLS $pls.ax Which short trigger will come first We are at range low so if this has any chance now is the time to bounce, I think if we bounce it will be weak and soon roll over.. Red zone is for shorting.. Hold below range low and i think we niuke to 2.50 ish range.. in Green

by gillman_hugh

Potential outside week and bearish potential for TWE Entry conditions: (i) lower share price for ASX:TWE below the level of the potential outside week noted on 20th September. Stop loss for the trade would be: (i) above the swing high of 19th September (i.e.: above $11.56), once the trade has activated.

Buy CBA stop 137.7 Buying CBA with a stop at 137.70. share broke the all time high last week and looking to test it again. ASX at all time high level, looking very strong momentum. we could see a break out in price with high alpha if this price action continues. DISCLAIMER: The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.

by Gihanhemachandra

JIN, weekly setup, waiting for confirmation JIN update, due to a false alarm triggering on the 1H because trendline was too close. JIN had a strong impulse move this morning 1315 to 1360, it did not BO of descending wedge, no action. Weekly at horizontal and channel support. Daily under the downtrend line, hourly under the downtrend line.... sorry for wasting your time 😛

by lonelyOrange57928

PDN weekly trendline bounce PDN on the weekly bounced off $8. Initial entry fell through 9.50 PoC and support. Price broke daily downtrend to follow the weekly uptrend signaling a potential ranging consolidation. On 1H, price is making inner levels, watching for a retest of 9 for entry, or a break of 11 to confirm direction. Refer to recent wedge action on FMG, similar weekly drop followed by strong BO of wedge pattern.

by lonelyOrange57928

HUM major reversal HUM is edging out of a decade long downtrend, went into a trading range in 2022 40-70c, and has now broken out of that range. The levels are clean, trade is on the weekly so it's not a swing trade, more of a long term hold 2-5yrs.

by lonelyOrange57928

ABG, dormant BO, scary weekly ABG, here's one that I didn't think I'd see so soon. Weekly looks ... frankly quite scary tbh. Daily is strong, triggered by annual report, hourly shows only strength, $2 party anyone? No entry yet, alert triggered on BO of 1 yr range, watching to see the structure over next weeks.

by lonelyOrange57928

ORG buy on next pullback, trend follow ORG is looking good on the weekly, holding trendline. Daily shows earnings disappointment but post divs, price still held 9.50 and is now breaking past the $10 PoC set by that range. Look for a pullback from here for long entry, partial on ATH, hold the rest for trend follow.

by lonelyOrange57928

CAR trend follow long CAR in weekly uptrend, had a nice break of tight daily wedge, looking for a pullback entry and trend follow

by lonelyOrange57928

Buying small qty of SUN stop at 17.49 SUN is doing well, looking to break though it's all time high. given the overall market action and this price action taking a small exposure to share with tight stop.

by Gihanhemachandra

GQG GQG in a weekly uptrend and consolidating towards 50 EMA in a straight line, currently being held down by that trendline. Daily bouncing off 150 EMA with a double bottom. 1H looking for confirmation of that bottom with a break of the neckline and entry on pullback.

by lonelyOrange57928

JIN retracement long Moment of truth has come for JIN, descending triangle with the impulse move to the downside, being a long only equities trader, i'm looking at the long trade, but not holding out much hope for it.

by lonelyOrange57928