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Simple Technical Stock Analysis ASX:ALL (Aristrocrat)Simple Technical Stock Analysis for ASX Blue Chip Stock ALL (Aristrocrat Leisure Ltd). Market Monkey ASX Top 50 #18 for June 2024. This week, the Team unpacks some simple technical and trend indicators for ASX Blue Chip Stock ALL (Aristrocrat Leisure Ltd). Indicators include: - Trend Momentum - Price Direction - Market Pressure (Buy / Sell demand) - Volume (Market Strenght) - Simple Moving Averages - Support and Resistance
ASX:ALLLong
by Market_Monkey_AU
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
ASX:OFXLong
by hrishikeshrahalkar
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 🤝 ══════════════════════════════ 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" ═════════════════════════════ ⚠ 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.
ASX:AUBLong
by TheArtOfCharting
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.
ASX:CYMLong
by hlncapital