RARE example of diamond - two triangles back to back with targetRARE example of diamond pattern - two triangles back to back with target
Already triggered
will be interesting to see if the targets are met
Aussi equity
LongLong
WHC, 2nd Wave is coming! heaven is calling.Trend has reversed, 2nd wave is coming....
1st Target: $8.61
2nd target: $9.29
Long
20% move on WDS incoming?WDS has formed a descending wedge with bullish RSI divergence and is also hitting support from the bottom of this channel at $27. While the channel itself is bearish WDS should still expect a strong bounce here. Wait for a break of trend and retest for confirmation and if breaks down out of channel it will continue to move lower due to bearish monthly RSI divergence so no trade. Good luck 🍀
Long
ASX:OFX – A Rare Gem with Perfect Piotroski Score and Breakout PFundamentals :
OFX Group, listed on the ASX under the ticker OFX, presents a compelling investment opportunity this week. The company boasts a perfect Piotroski F-Score of 9, an exceptionally rare achievement that underscores its financial strength and operational efficiency. Currently trading at its fair value, OFX has turned profitable over the last 12 months and is poised for continued profitability this year. ASX:OFX ASX:OFX
Technicals :
From a technical standpoint, OFX has achieved a significant 52-week breakout, further enhancing its investment appeal. The stock has formed a rounding bottom pattern, a classic technical signal indicating the potential for a strong upward movement. Analysts project a potential upside of 30%, making this a promising candidate for growth.
A potential Setup:
• Entry: Current Market Price
• Stop Loss: $2.00
• Potential Upside: $2.90F
Long
ASX - ANZ: 21 JUNE, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
Details: The short-term outlook shows that wave ((ii))-navy seems to have just ended, and wave ((iii))-navy is unfolding to push higher. While the price should always remain above the low at 28.60. Falling lower shows that wave ((ii))-navy continues to last longer than expected, and following that, wave ((iii))-navy will also return to push higher.
Invalidation point: 28.60
Long
Long
Long
AWC Nicely breakout! Trending strong!!if you follow this stock. its getting better and better.
it might break out $2........ (hopefully it will)
It returns like Victory shape.
AWC is such raising star that shines..
Go team A W C.
ALong
AUB - 10 months ASCENDING TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
Long
ASX LIMITED: 10 June, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
Details: The shorter-term outlook shows that since the low at 61.36, wave 2-grey appears to have ended, and this allows wave 3-grey to unfold to push higher. Wave (i)-orange is unfolding and is fulfilling its role, following which wave (ii)-orange will unfold as ABC. We will be watching ASX LIMITED for a Long Trade Setup.
Invalidation point: 61.36
Long
ASX - NAB: 7 June, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M
The short-term outlook shows that wave ((iv))-navy ended earlier than expected, and wave ((v))-navy opened to push higher, it is subdividing into wave (i),( ii)-orange, and they have concluded, now it is time for wave (iii)-orange to open and push higher.
Invalidation point: 33.30
Long
CYM (CYM.AX) BreakoutI see two breakout patterns. One the longer term, which starts from the original gap down to 35 to the low of 12 at the end of March. The stock then moved up to breakout at 35 on 29/04. The target for this formation is 35 - 12 = 23 pips from the low point to the breakout point, giving a target of 58.
The second is the shorter term, the smaller "cup" formation that starts at 42, down to the low of 32 on 14/05 back to the breakout point at 42 today. The target of this formation is 42 - 32 = 10 pips from the low point to the breakout point, giving a target of 52.
So two breakout patterns in play, giving short term targets of 52 and 58.
Long
Long
Analysis of the#WDS #ASX and share your idea with me.At the time when world is changing rapidly with a fast pace then is a good idea to check couple of factors from Woodside Petroleum ASX stock on its balance sheet with high yield to have in watch list for in case but what i can see for clean energy and recent earning and revenue report and the price of a big company like this. So what do you think? Please share with me youridea. Thanks for reading
Dividend yield equity for long run, AGREE WITH ME?#WDS is one of the stocks with ups and downs during its existence and the intresting part of it is a high #dividend yield , what do you guys think for long term investment?
LYC update ; rare earth anti chinese monopoly playLYC update ; rare earth anti chinese monopoly play
LYC on ASX
Not many big reserve, big companies outside of China that have access to rare earths right away and are producing...
Its a simple political play
Long
VMS Has crossed and trading above the ichimochu cloud on the Weekly chart. Using the Weekly to show a longer position.
Been reading about this stock drilling for rare earths in western Australia with results incoming and interesting Tin tenement in Tasmania, worth a look.
Long
Just getting startedThe Michael Jordan of mining Uranium Johnny Borschoff taking control of a new company that currently have 2 mines will be starting production in 2026.
But as stock is about the future everything is priced in if URA/ U price goes up this thing goes ballistic too.
One of my long term positions.
Long
Centaurus Metals ready to rip?After declining by more than 80%, Centaurus Metals has broken out of its downtrend. While this may be the first step in a multiweek base-building process for the nickel mine developer, the chance of a v-shaped bottom makes Centaurus worthy of a speculative add following this seriously bullish price action.
Long
Once in a lifetime OpportunityFSGS cure in the making.
-Phase 3 results coming mid 2025.
- DXB has been working on this since 2012 trialing
-Estimated 200k people in the world have this disease and increasing.
- Recently did a CR at 0.3
Safe to say if suceed the market is enormous with a great chance to become a 20 bagger.
Long
LYC - LYNAS - rare earth anti chinese monopoly playLYC - LYNAS - rare earth anti chinese monopoly play
as the title says, china is once again applying restrictions like they did in 2010, low and behold we have the same price structure!
these plays are cyclical for sure. they sorted their Malaysian issue recently, at least for awhile. i expect their move back to Australia will be facilitated by the western powers that be that are looking for independence in their important metals supply chain.
Lets see how this plays out.
"The Ministry of Commerce’s announcement on Monday is the
latest move by the People’s Republic to leverage its dominant
position mining and refining rare metals. It did so in 2010
against Japan over a territorial spat, enacting an unofficial,
temporary export embargo against the 17 metallic elements that
comprise the rare earths family. It also manipulated the market
through export quotas and other policies, which held down global
prices – deterring investment by miners overseas - while pushing
local firms up the value chain. "
Long
What a beautiful strike AWC! A.W.C has a big breakout from both resistance and downward trend. it sits up on 200MA.
All the trend lines are intact. 5/10/20/60 MAs are pointing up with a beautiful 45 degree angles.
More investors are joining to AWC. Although Citi / Morgan see the price at $1.30.
AWC produces Aluminum which is used in construction. There will be more demands in coming days. I can not wait to see.
Whether you love it or not. I am happy to share. Pls leave me a message and let me know your thoughts.
A
will the 2 green support lines reverse the sp move to bullish ?the black support line couldnt hold the sp from falling, now the question is will the 2 green support lines reverse the sp move and prevent the further fall ?
Long