SXL Potential good opportunity Would only be interested in opening a position once price reclaims the grey box. Nothing complicated.
Finer Market Points: ASX Top 10 Momentum Stocks: 2 Sept 2024BSE:DEL ASX:LRV BME:MCM GETTEX:AQC ASX:RIM ASX:EZZ NYSE:HUM NYSE:AGR XETR:BAS AMEX:AIM
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Delorean Corporation Limited (DEL)
Larvotto Resources Limited (L
ASX: WOW - 2 SEP, 2024AUSTRALIAN STOCK: WOW.ASX - 2 SEP, 2024
© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
Wave ((i))-navy has just ended, and wave ((ii))-navy seems to be unfolding to push lower, aiming at targets at 34.75 - 34.32. Finally, wave ((iii))-navy will return to continue pushing higher.
Invalidation point: 32.82.
ASX WTM - Exploratory EMA Strategy: 30-Min Back-TestThis script implements a simple EMA crossover strategy for backtesting purposes on 30-minute intervals. It uses the following parameters:
Entry Signal: Triggered when the 118-period EMA crosses above the 150-period EMA.
Exit Signal: Triggered when the 18-period EMA crosses below either the 118-period or 150-period EMA.
Backtest Results (6M):
Net Profit: 1,565.10 AUD (+156.51%)
Total Closed Trades: 2
Percent Profitable: 50.00%
Max Drawdown: 47.61 AUD (4.76%)
Average Trade: 782.55 AUD (78.26%)
T
Long
Technical analysis of PWR Holdings Limited ASX:PWH1. Trend Analysis:
Long-Term Trend:
The stock has been in an overall uptrend from 2019 to mid-2023, characterized by higher highs and higher lows.
Recent Downward Movement:
Recently, the stock has experienced a significant pullback from its highs around 12 AUD to the current level of 8.89 AUD, breaking below several key moving averages.
2. Moving Averages (MAs):
20-week EMA (Red Line): Currently around 10.83 AUD, the price is significantly below this level, indicating short-term bearish mom
SRG IDEARUN AWAY GAP
Filling Gap = entering blue box
+ Crossed Yearly Level
+ Non Failure swing on Daily if FIB 382 is tested
+ Entering on annual level = high R2R
+ Only one more supply on the top
+ 4.618 aligns with target
- 2.618 aligns with ICO price
- Annual level not tested
Long
EVN IdeaPLAN TO BUY ON THE DAILY SWING INTO FIB POCKET
ALERT CHANNEL SET ON THE 236 to 382 zone
Exited the Blue BOX. But is it liquidity grab?. Will it enter the box back?
ATH aligns with the FIB 1.618 of the weekly extension
ZAG may come down to the top of the box bounce back.
Dividend date = 29th
+ Gone above all the buyers/supply zone in weekly (labelled in yellow)
+ Price at 618 extension level
+ Broken the trend line
Long
McMillan Shakespeare Limited (MMS) Chart OverviewThe current price is AUD 15.86, reflecting a significant drop of 10.04% from the previous close. This suggests a sharp negative sentiment and reaction to recent business update and outlook provided.
Support and Resistance Levels
Support Levels: The EMA 50 (around AUD 15.80) is a potential immediate support level. The next major support could be around the AUD 14.00 to AUD 14.50 range, where the EMA 100 lies and coincides with a previous price consolidation area in mid-2022.
Resistance Levels:
ASX stock market hey guys,
looking at this as a contracting flat with more downside to break the previous short-medium term low of ~54
Short
REH.ASX: 28 AUG, 2024 Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
Wave ((iii))-navy is unfolding to push higher, targeting the high at 32.49, while price must remain above 25.11 to maintain this view.
Invalidation point: 25.11
Long
Short EVN- EVN grinding along up trendline.
- Daily RSI overbought
- Next day dividend payout which usually means investors sell once dividends received.
- Volume is weakening in the 1hr
- Top wicks are forming on the daily
- 4hr with bearish engulfing
Short
Bisalloy Steel Group Limited (ASX: BIS) Technical Analysis Sum-rCurrent Trend and Price Action
Long-Term Trend: The stock has been in a strong uptrend since early 2021, marked by a series of higher highs and higher lows.
Recent Correction: The recent sharp decline from a peak near AUD 4.50 to around AUD 2.69 indicates a significant pullback. This could be a correction after a strong upward move, suggesting a temporary bearish phase within a larger bullish trend.
Moving Averages Analysis
20 EMA (Short-Term): The stock has broken below the 20 EMA, indicating
Short
Ampol Limited (ASX: ALD) Technical Analysis SummaryCurrent Trend: The stock has been in a long-term uptrend but recently experienced a pullback after reaching a peak.
Moving Averages:
20 EMA (Short-Term): Shows a downward trend, indicating short-term bearish sentiment.
50 EMA (Medium-Term): Flattening, which suggests potential weakening of the medium-term uptrend.
100 and 200 EMAs (Long-Term): Still trending upward, indicating that the long-term trend remains bullish.
Support Levels:
Immediate Support: AUD 27-28 (near the 50 EMA).
Stronger Sup
Short
Let's break down the weekly chart of HCWTrend Analysis
Long-Term Trend: The chart shows a clear downtrend from mid-2022 to early 2024, as indicated by the consistent lower highs and lower lows. The 200 EMA is sloping downward, which generally signals a bearish long-term trend.
Recent Price Action: The price appears to have found some support around the 1.100 AUD to 1.150 AUD level, as it has bounced off this area multiple times over the last few months. Currently, the stock is trading around 1.220 AUD, showing some short-term recover
Looking at the weekly chart of Fenix Resources Ltd (FEX)Long-Term Trend: The stock has been in an overall uptrend since 2020, evident from the steady upward movement and the upward sloping 200 EMA (Exponential Moving Average). The 50 and 100 EMAs are also trending upwards, confirming the long-term bullish trend.
Recent Performance: There was a significant spike in price leading up to mid-2024, reaching a peak around the 0.44 AUD mark before a sharp correction occurred. The price has retraced to the 0.30 AUD level, suggesting some profit-taking or a
Long
OBM - Watch+ Broke ATH on weekly
+ Broke away the Monthly Level
+ Above weekly bull band
+ Probably its on wave3 mid-way
+ Bullish on Monthly (First monthly close above ATH)
+ Craig positioned into this trade at 0.50 (as per session on 22nd)
+ Non-Failure swing reversal on weekly
==========================
- Extremely overbought on the Monthly
- Divergence on the weekly
- Overbought on weekly
- Overbought on Daily
==========================
Notes:- Chart on Log.
Finer Market Points: ASX Top 10 Momentum Stocks: 26 Aug 2024ASX:LRV ASX:APX NYSE:EXR ASX:MME PSE:AEV NYSE:WTM GETTEX:AQC NYSE:PDI ASX:I88 NASDAQ:NXL
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Larvotto Resources Limited (LRV)
Appen Limited (APX)
Elixir En
NAB.ASX: 23 AUG, 2024 Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
Since the low at 34.67, wave (iii)-orange is unfolding to push higher, which itself is subdividing into waves ((1)),((2))-navy and currently wave (1)-orange. Wave (2)-orange will soon unfold to push a little lower, and finally wave (3)-orange will return to push higher.
Invalidation point: 34.67
Long
Buy FPH at 31.12 with 29 stopFPH at almost hitting the 52 day high and looking great on it's up tread. given Market going to continue this rally this share could see hitting new highs soon. tight stop to make sure we don't get too exposed if trade don't work our way.
Long
Finer Market Points: ASX Top 10 Momentum Stocks: 20 Aug 2024ASX:APX ASX:LRV NYSE:WTM ASX:NXL ASX:MEK GETTEX:CYL ASX:MME GETTEX:AWJ NYSE:PDI ASX:ZIP
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Appen Limited (APX)
Larvotto Resources Limited (LRV)
Waratah Mi
REA.ASX: 20 AUG, 2024© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
(1D) Details: Wave ((iii))-navy is unfolding to push higher. It is subdividing into wave (i)-orange, which will essentially continue to push higher. Any subsequent large decline would suggest that wave (ii)-orange is unfolding to push lower. Eventually, wave (iii)-orange will return to continue to push higher.
Invalidation point:187.27
Long
APPEN - Watch+ NonFailure Swing on the Daily
+ Inclined resistance broken out
+ Weekly clearly broken out of inclined trend line
+ Weekly above 50%
+ RSI/OBV supports the movement
+ Above Weekly bull band
- RSI is overbought
- Weekly resistance + 618 FIB resistance on the way up
- Stop loss is 33%
SOP looks goodSOP has a very similar uptrend to AGE. If SOP behaves the same way, then we could see an uptrend from here. The share price has already started to move up. Unfortunately, there isn't a lot of liquidity with this one, but still a fantastic potential.
Long
Magellan+ Non Failure swing on Daily
+ Cup and Handle neckline break on Daily
+ Long Term Resistance Break on Daily
+ Volume Supporting the move
+ Bull Band in support
- RSI is potential hidden bearish
- RSI is overbaught
- Weekly broken out, but not tested.
My Plan :- Enter when weekly retest
M
