Technical Analysis on ASX300 listed companies

[CrossLines]

Hey traders,

What an exciting time to trade ASX right now!

I'm interested in starting a group for ideas for technical analysis for trading on ASX300 listed companies and ETF... trying to build on my portfolio.

 

Working together we have more eyes on the market and hopefully a better return!

 

Here we go:

today's trade 

Long on GDX.ASX

Candles looking Bullish, possible bounce from trendline. Good 9% return. 3.3 RvR

 

[CrossLines]

PLS.ASX Buy

Inverted Head and Shoulders

58% return with 4:1 RvR

Price might retest neckline 

[CrossLines]

CMM.ASX in a good buy zone. 2Hr candles showing bullish reaction to support price level and simultaneously showing good reaction to TL (trendline). Fundamentals with solid backing. It's a buy for me. Will set SL (stop loss) should price break thru support or TL. (4hr candle close with clear break)

Edited November 14, 2020 by CrossLines

[CrossLines]

LYC.ASX SOLD this week, (completion of previous inverted head and shoulders and price has reached a major resistance on weekly chart) will wait for a potential retest of neckline (support zone) then buy again and compound those gains. We all know Lynas for its bull run potential (looking at historical data form 2009, reaction to recession, when prices reached $26). Fundamentals looks solid, now it's a technical play to the top with opportunities to compound the gains. SL (stop loss) alert set up just under major support.

 

 

 

Edited November 14, 2020 by CrossLines

[CrossLines]

PNV.ASX Waiting for a retest of support for an entry. Cup and Handle pattern. 
target $3.6

 

[CrossLines]

IOZ.ASX (ASX200 Emulation)

Clear break from structure. 

Closed position last week (partially). Waiting for a possible pullback.

Edited November 16, 2020 by CrossLines

[CrossLines]

On 14/11/2020 at 14:27, CrossLines said:

I'm not very convinced with this rejection, but I've gone long anyways... placing a tight SL just in case. lower timeframes looking ok, but 4h hasn't presented well at close... it could be a H&S pattern in action, time will tell. I would love  a second opinion on this one. 

 

 

Edited November 17, 2020 by CrossLines

[CrossLines]

On 14/11/2020 at 20:35, CrossLines said:

Just like clockwork. Tight SL and watching it like a hawk.

 

 

[CrossLines]

Will close WHC.ASX

Completion of trade, will buy it again at next set up. (hopefully at discounted price  (I'll be watching it)

[Guest Rktm]

Hi I am new in trading. May i have some ideas how to creat account in australian  market ?

[CrossLines]

BEN.ASX has reached trade completion

[CrossLines]

On 14/11/2020 at 20:35, CrossLines said:

PNV.ASX Waiting for a retest of support for an entry. Cup and Handle pattern. 
target $3.6

 

trade completion
Closed position

 

[Tradebot]

Hi ,do you always prefer low time frames and if so why? Does it make for easier targets perhaps?

[CrossLines]

On 04/12/2020 at 19:52, Tradebot said:

Hi ,do you always prefer low time frames and if so why? Does it make for easier targets perhaps?

 

Hi Tradebot,

My preferred timeframe for analysis would be H4, but I do use lower timeframes for confirmation of reaction to a particular target. I find equally important to verify Daily and Weekly.