Technical Analysis

[Falling Knife]

So painful to watch
Now the SP has slipped below the lower tine of the PF it has 3 days to climb back above.
Levels of support from here include;
FIB @23.5
MMA 50 day at 23
last low ie full retrace 21.5

News can not come to soon.

The only positive I see is during this period of falling SP the volume has also been dropping

 

[Ethinvestor]

Triangle.. whichever way brakes .. will likely to continue for a while….

 

[Ethinvestor]

Officially… fu….d

 

[Ethinvestor]

update ..false break out before…..officially defu…d.. meaning we good
but a bit weary.. as this is mum and dad money now pushing it up as most institutional investors on holidays now…

 

[TheDrooben]

update ..false break out before…..officially defu…d.. meaning we good
but a bit weary.. as this is mum and dad money now pushing it up as institutional investors on holidays now…

Thanks @Ethinvestor 50M volume.....must be some big mum and dad's out there

 

[Ethinvestor]

I ment to say ”most” institutional… and also that most shorters, sellers etc also not in the market this time of the year..

 

[Falling Knife]

The last big longer term PF failed
A new one has formed, looks good atm.
Breaking of the descending triangle on larger volume also positive.
Now a back test of the triangle or retest/confirmation of the lower tine of the PF would be excellent.

One 5 year architectural license is all we ask for Christmas, the new year or the January CES conference.

 

[Falling Knife]

The set up is awesome for a trend in the direction we have been hanging for
The GUPPY MAs are all in the correct order. Only the 200 SMMA left to point up.

 

[Flenton]

https://www.marketindex.com.au/news/chartwatch-asx-scans-bega-cheese-brainchip-computershare-iperionx-news-corp

A little mention of our chart

 

[Ethinvestor]

If the uptrend continues we could be looking at a 50/200sma golden cross in a few weeks..........(blue lines mine). AIMO

View attachment 72863

Well we definitely crossed today the golden cross

 

[Falling Knife]

Or we could go out on a boxing day run and hit the median tine and repeating range target before a pull back. lol
A healthy period of stabilization here would be fantastic

 

[manny100]

From a long term point of view it looks bullish and notice how when the 50, 20 and 10 week EMA's converge a breakout follows. A bull run from May/June 2020 and Nov'21.
A shocker of a long bear run from Oct/Nov'21.
At the moment we are seeing a convergence of these weekly EMA's.
ema 10 week = 26.4 cents, EMA 20w = 24.7 and the EMA 50w = 25.7.
Will we see history repeat? Would be good to see a decent run up to close gaps above?
Its a weekly chart so we can expect to see some intra weekly dips as well as red weeks on the way up if that is the journey it takes.
There is a gap above at 46 cents from Feb'24 to fill as well as a gap above at $1.925 from Jan'22.
Its wait and see.

 

[Ethinvestor]

After Golden Cross Confirmed we have a break out confirmed now as well !!! …. And a new uptrend.. as well… !!! Definitely Bullish. Todays close at previous resistance 36-37 Cents, next resistance is at 50 cents most likely will hit (70%-80%) - unless some bad news or some pullback beforehand.
But the impulsive move for 3 days on such a high volume is a very strong signal technically.
Fundamentally no news… somebody knows something?🫢 hmmm… 20 years ago when i was day trading… I loved these signals as I seen this as an inside info by somebody… and usually i would be profitable based on what the chart is telling me..
Anyway good news … and nice christmas gift… not because what the price achieved, but how the chart looks like… this can be the beginning of the new uptrend… after 2 years of downtrend… hopefully there is good news coming out and not just short term speculation ….
Just my 2 cents - DYOR

 

[Andy38]

After Golden Cross Confirmed we have a break out confirmed now as well !!! …. And a new uptrend.. as well… !!! Definitely Bullish. Todays close at previous resistance 36-37 Cents, next resistance is at 50 cents most likely will hit (70%-80%) - unless some bad news or some pullback beforehand.
But the impulsive move for 3 days on such a high volume is a very strong signal technically.
Fundamentally no news… somebody knows something?🫢 hmmm… 20 years ago when i was day trading… I loved these signals as I seen this as an inside info by somebody… and usually i would be profitable based on what the chart is telling me..
Anyway good news … and nice christmas gift… not because what the price achieved, but how the chart looks like… this can be the beginning of the new uptrend… after 2 years of downtrend… hopefully there is good news coming out and not just short term speculation ….
Just my 2 cents - DYOR

Great analysis and feedback, much appreciated. Let’s get on the uptrend people!!

 

[Fullmoonfever]

Just some quick chart thoughts more around poss resist / supp areas to watch.

Couple of daily & a weekly.

Made some basic notations here & there.

 

[Fullmoonfever]

Just some quick chart thoughts more around poss resist / supp areas to watch.

Couple of daily & a weekly.

Made some basic notations here & there.

View attachment 74992

View attachment 74993

View attachment 74994

Was having a quikc look at a 15 min chart for today as below with some notes on it.

As per notes on my 1st chart prev post above, saw a little weakness today which could just be some profit taking but the next couple of bars for the new year worth watching.

 

[Falling Knife]

Do we fly to the upper PF Tine before a retrace?

 

[Falling Knife]

The last of the MMAs to turn upward is at least flat lined. My bias sees it marginally pointing upward after todays activity

 

[old punter]

Afternoon all , I would like to post a few charts here if ok ?
First trade on day 13 of the mirror pattern at 32.5 .

Now waiting for the low on 28/2/25 or 3/3/25 , which will be 2 months from the high of 45 c . Price must hold the 27.5 low for this mirror pattern to work and if so it implies the next spike high will be 60 cents based off the chart , view the dates and prices to see .Obviously I didn't make this pattern and I haven't updated it for a few days as where it currently sits is a random walk in my view . The date of the 10th day of the month could also be important and bought in the last low but am guessing the top date remains more important 28 -3rd of March . For the silly billies across the road [only one or 2 ] who blatantly ramp price daily based on some crap shorting theory , they have been exposed on brn and pls threads constantly but still allowed to post .

 

[old punter]

Try again , for this mirror pattern to work the low should come in 2 months from the high , whether that is double bottom at 27.5 or a higher bottom we don't know but with the high at 3/1 time is approaching at 3/3 which could also mean 28/2 [always give or take a day or 2 lol ] note the first high on 10/10 took one month from lows and the 3rd low [red line came in 2 months from the top . MIRROR PATTERNS ARE NOT PERFECT but the 13 days trade worked but the top on 24/1 didn't make sense to me but if u consider the first high at 32.3 may of been a fake break and 30 was confirmation on price ? which also meant the high at 45 cents was relevant . 15 cent low 30 cent top and now 45 top implying 60 cent top for the next range up [GIVE OR TAKE ] THE ONLY THING THAT SCARES ME IS THE MONTHLY CHART AND A RED BAR but as long as price holds 27.5 which is based of the low at 15.5 then 21.5 and now 27.5 all 6 higher GET MY DRIFT etc etc cheers old phart .