Australia
Flight Centre Bullish Trend ?FLT is one of most populer Stock to trading, now we look at the chart the trend is bullish, how to catch the bottom? now i look you can have a plan buy on weakness at 17.65 area bottoming, if reverse, that will going up to close the gap at 35.50. Are you have a same idea? , Comment in below, The Story still good for FLT because Australia will be reopen flight for international on end of november or December, so follow this story and take your Profit!!
Disclaimer On
AUSTRALIA COVID-19: Too quiet about it.Based on the model, Australia is in an extended huge wave of COVID-19, which built up since its winter in June. the past two weeks spiked even more.
Interestingly, we hear very little about it. It did jump significantly over the past two weeks.
The ASX looks goodMonthly chart for the ASX (Australian market)
Green ovals show the clear bull rejections along the major trendline which has been recently tested and is breaking out to the upside
I have labelled the chart patterns - I am unsure however if the 'Symmetrical triangles' are really that or Rising Wedges, so take that with a grain of salt
REA - Cup and Handle PatternKey Technicals - High probability trade here with the REA chart showing a Cup & handle pattern. Looking to buy on breakout (top of cup) with above average volume or on the breakout retest as resistance becomes support.
Key Fundamentals - Governments likely make sure housing recovery keeps on keeping on.
FMG / Fortescue holding supportFortescue has been in a steady downtrend since the drop of iron ore prices in August. Since October, however, it was able to hold support at around 14 over and over again. With the recent drop in SGX:FEF1! this especially notable.
I am fundamentally bullish on Fortescue due to its fundamentals (balance sheet, green hydrogen ambitions, autonomous hauling) but it's hard to find a good entry point with iron ore prices plunging this rapidly.
AUDJPY SwingHey Traders, i'm monitoring AUDJPY for a buying opportunity around 85,00 zone in the daily supply and demand zone.
in the same time i still see some JPY bearish behavior in this period.
Once we will notice any bullish confirmation the trade will be executed!
Trade safe and use proper risk management.