We had an exciting morning at the beach today with a shark alarm and Pol-Air chopper search. The rest of the morning and day has been by the pool and then a fun hour or so picking Aussie stocks to trade in the coming week. This is Hog Heaven for me! The following ASX stocks are the ones that have either caught my eye, that I’m currently trading or that I’m looking to trade this week or in coming sessions.
There have been two features I’ve been waiting to see form on the Bitcoin chart in order for the crypto-space to garner some technical analysis credibility and one of these has finally been achieved. That is, a test of the key $8,000 level and a weekly candle close above this level. The next feature is to see whether this $8,000 level can hold and so I will be watching the chart over coming sessions to see if this basing-style activity can be achieved.
US Stocks have been experiencing some wild moves of late so I thought I’d take a look at the charts to put these moves into greater perspective. Whilst the point moves on the indices sound rather large and extreme the charts paint a slightly different picture.
The recent activity and discussion with Bond prices and Interest Rates motivated me to look back over my charts of TMV. I wrote an article about this ETF around this time last year and it can be found through the following link. It has been a long wait to see any sign of a decent upward bullish breakout on TMV but we may be starting to see this now.
The significant resistance level of $1,400 looms large ahead for Gold and this is the key level to watch for any new make or break on the precious metal in coming sessions. This resistance zone is being reflected in the price action across some Gold stocks as well and so I thought I’d share the levels I’m keeping in mind on a selection of US and Aussie stocks.