Am Asia Ex Jap Discussion Threads

[bamboo2] 09/8/2021 17:23

Simon, MADE

A double bottom is confirmed at eod close above 162.4
Min tp is 170

Next possible turn is tomorrow! Assuming it materialises and is a low turn, look for trades below today's low of 153, adjacent support is 150

Trades above 159.8 could indicate a high turn.

An outside day would make it impossible to discern direction of turn, if any.
An inside day would likely signify a continuation of the downtrend.

The current pattern could also be seen as a bear flag.
This is confirmed on eod close below 150
The tp is approx 113

All data from tradingview last market price based chart.

[bamboo2] 09/8/2021 15:10

simon, I will look after the market closes.

russ, TXP shows a possible turn today. I mentioned it on the JSE thread, but guess you may not be holding JSE or monitoring the thread.

ABDX made an announcement 11.15am this morning. Not much reaction on sp, it also has a possible turn showing 9-10/8/2021

Can't believe it's August!

[homebrewruss] 09/8/2021 13:01

Hi Bamboo, forgot to answer before but thanks for adding the TXP H&S chart above. Price seems to have settled for now pending further news

[simon gordon] 09/8/2021 12:46

Hey Bamboo,

Hope all's well.

Could you have a look at the chart of MADE, it's only just floated and fallen c.20%. Trying to work out technically where the bottom is.

Cheers!!

[bamboo2] 11/7/2021 18:36

Hi Russ, I have only just seen your post. I will let you know.

ABDX



TXP Russ, I was unsure which H&S you had in mind. The red lines are possible necklines. One is confirmed, one not confirmed.
Turn dates are 12-13/7/2021 & 16-19/7/2021

[homebrewruss] 24/6/2021 08:14

Hi Bamboo, don't worry if you don't have time but any thoughts on whether this H&S has further to play out at TXP?

[bamboo2] 20/6/2021 14:21

JSE possible turns 18/6/2021, 24/6/2021, 1/7/2021

[bamboo2] 06/6/2021 11:43

ABDX possible turn 4-7/6/2021 & 10/6/2021

[bamboo2] 30/5/2021 12:30

ANIC, H&S unconfirmed [red] BARF confirmed [blue]
Turn 3/6/2021




IPO

[bamboo2] 30/5/2021 09:35

Kazoom, I am trying again with advfns html charts. They are very hard work.

toop in a downtrend. Support at .04872 and .04
Price needs eod close above green line to confirm a tp at .09452

Turns possible approx 7/6 & 21/6

[martywidget] 23/5/2021 06:17

bamboo2, re post #406, BARF and price target extremely useful.

Many thanks.

[kazoom] 22/5/2021 10:51

Interesting call on Toop in post 398 Bamboo.

It looks like the turn DID arrive on 6/4. It was fairly short-lived though and the price has subsequently broken below the rising support line you had identified.

Any thoughts on the chart from here?

My untutored eye can only see support at around 0.05 dating back to last summer, or possibly 0.06 from the low in March? (The second of these is maybe supported by price action last July & September?

Otherwise there looks to be a quite steeply declining support on the trend since November?

The interims could be any time in the next few weeks (but quite possibly as late as July), but as those are mostly puff where this company is concerned, maybe the chart will be more telling?

[bamboo2] 22/5/2021 10:09

Marty, you may have answered your own question.

I would define this as a reason based non breakaway gap. Getting into specifics it is defined as a runaway or continuation gap and I would anticipate that it will get filled.

The gap is caused by a non company specific event, and it is this that is being tested by the market.

If the gap was shared on the UK listed ARB chart, it would be more important to the co.

After it is filled, you need to be looking for the next zone of historical support, and this is approx $1.20-0.97

The chart pattern is a confirmed Bump and Run Formation. The target price is approx $1.29

[bamboo2] 21/5/2021 17:46

Hi Marty, sorry I missed your post until now.

Do you know what type of gap it is? Is it associated with news, for example an RNS, tip, or other fundamental event? If it is, is could be seen as a Breakaway gap, the kind that take a long time to fill, sometimes never.

A test of a 'reason' or breakaway gap will reveal if the market still accepts the validity of the event that caused the gap. I look at these kind of gaps as support zones, and they mark a place on the chart where fundamentals and charting are linked.

[martywidget] 21/4/2021 10:08

Cheers bamboo2, it's rising on todays latest RNS.

I find your target price of approx 98.8 most helpful.

Thanks for your input.

[bamboo2] 21/4/2021 06:56

Hi Marty, I can't display the advfn tradingview charts anymore, and can't face using the old system for now, so will describe in basic terms what I see on the Tradingview last market price based chart.

A target price of approx 98.8 is confirmed
There is adjacent support approx 95, then below that 60

A turn shows for today, 21/4/2021, I guess this will be a high turn.


Hope some help.

[martywidget] 20/4/2021 09:26

Bamboo2, I'd welcome your analysis on ARB since the last chart.

[bamboo2] 04/4/2021 17:49

toop Strong looking rising lower trendline
Possible turn 6/4/2021 [ignore date on chart as it has not yet allowed for the bank holiday]

[bamboo2] 21/2/2021 10:58

Gaw gaps. Unfilled portion of the RNS led Breakaway gap that formed on 10 Sept 2020 has been reduced on the last test to 8830-9120. Think it will be retested if the H&S get confirmed.

The gap lower down is a measuring gap. 26/5/2020 it measures 6730-6800 on the last market chart. Probably should be filled too.

Possible turns on mid chart 23/2/2021, 4/3/21, 15/3/21

[simon gordon] 18/2/2021 20:52

Cheers dude!!

Hope your energy changes tomorrow and you spark higher and the lassitude passes like the weather!