Am Asia Ex Jap Discussion Threads

[bamboo2] 24/10/2021 12:24

Simon, thanks. The bigger picture on the weekly shows a H&S with a tp approx 85-90

[simon gordon] 23/10/2021 14:44

Get well soon!!

Xx

[bamboo2] 23/10/2021 14:37

Hi SG, thanks for the earlier message. I have had a bad cold so been out of circulation for a few days. I will look again at this chart. The turn earlier in the week failed to materialise.

=======================================

$gold chart showing a confirmed bump and run reversal.
Target price, $1461 is near historical support approx $1451
Possible turn 24/11/2021 [watch inbound trend for likely direction]

[simon gordon] 22/10/2021 13:43

Hi Bamboo

IOM - what do you reckon to the low 130s as a possible bottom?


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[bamboo2] 19/9/2021 17:41

simon, AGFX I had trouble getting into this, so will revisit when more in the mood!

Price below falling 200&50smas means I guess we are looking for a reversal pattern.
The orange lines show support and resistance levels.
Eod close above 105, then 109 to confirm a DB

Possible turns 4/10/21 & 22-25/10/2021

[bamboo2] 16/9/2021 21:42

Simon, I will look at W/End.

PS IPO looks a good bet at the mo.

[simon gordon] 16/9/2021 13:30

Hey Bamboo,

If you get a chance could have a look at the AGFX chart?

Kindest

[bamboo2] 30/8/2021 11:03

ipo turn [revised t/l apex] 27-31/8/2021
Confirmation on the trendline break.
Note to self, recent decline on very low volume. Time to buy more!



phnx turn 31/8/2021

[bamboo2] 25/8/2021 20:17

Cup and handle continuation.
Possible turn 26/8/2021

[simon gordon] 20/8/2021 11:43

Been onto CMC and they allow for it to be shorted.

[simon gordon] 20/8/2021 06:40

Morning Bamboo,

I'll get onto CMC - cheers!

[bamboo2] 19/8/2021 20:12

Hi Simon, I trade through a stocks and shares ISA which doesn't allow shorting.
Since MIFID2 I can no longer even buy an index short etf!

How about CMCX?

[simon gordon] 19/8/2021 19:55

Bamboo,

Looked to try and short it on IG but they don't allow to.

Now looking for someone else, problem is it's impossible to get through to companies on the phone. Do you use anyone to short?

[bamboo2] 19/8/2021 19:44

Simon, mid chart. MADE
Late today price tested the breakout of the db.

A potential turn [x2] shows, but again, being positioned between the sessions today and tomorrow makes it hard to call. I would guess, based on the inbound downtrend, that we will see a low turn and probably a higher close tomorrow.

[bamboo2] 19/8/2021 06:57

Simon, Support at 150 held, Bear flag broke out upwards, confirming the DB
Price hit tp at approx 170

So the DB is dominant over the bear flag.

Watch for a test of the DB break out line 162.4

EOD close below would be bearish, but support still strong at 150

Will add more here in about 15min!
=============

Volume is declining.
I'd wait to see how the chart shapes up [define the pattern type] before committing to a low target below 150

Next possible turn showing tomorrow, 20/8/2021

I noticed on the last market price based chart that the stock has gapped down this morning.
This is probably a no reason gap that will fill sooner rather than later, although need to wait until eod to define it.

edit 08:27 gap is now filled.

Will look at mid price based chart this evening, as have no access to them during the day.

[simon gordon] 19/8/2021 06:24

Hi Bamboo,

I'm thinking of shorting MADE. Supply and demand looks deeply imbalanced. Think they'll get whacked at the Interims 14/9. Share got supported last week by the Liberium note and probably some fundies still with orders on the book. Just trying to figure out how low it could go. Any ideas based on the chart?

[bamboo2] 12/8/2021 20:28

Simon, 150 support held very well, with rising volume.

Price hit historical resistance approx 162 so far failing to confirm the DB pattern.

Turn 12-13/8/2021 suggests a retrace, although annoyingly, it is spread over two sessions which means it is hard to be specific until eod tomorrow.

My best guess would be that we will see a retrace to approx 155.6, while price gathers strength to push through the resistance and confirm the DB.

edit, Another alternative, again assuming the possible high turn for yesterday/today does materialise, is a break upward today, with price then falling back to close at the breakout level [ie a test of the breakout line]. Where a turn spans two sessions, things are never as straightforward.

[simon gordon] 12/8/2021 17:23

Was near to taking out all the previous consolidating candles with a bullish engulfing candle today, took four out. Be interesting to see if it can follow through tomorrow. How do you see it?


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[bamboo2] 11/8/2021 20:47

ARB

Eod close above 142 confirms tp approx 190
historical resistance approx 168

[simon gordon] 11/8/2021 06:40

Bamboo,

Thanks!

AWE and ROO both had shaky IPOs. AWE has powered on and ROO is almost back to issue price.

[bamboo2] 11/8/2021 06:28

Marty, Thanks for posting, hope it worked out for you! I will have a look this evening.

Simon, I looked at MADE on the mid chart, and as usual for a relatively low volume stock, I got a slightly different story on the possible dates. [On all but the most active stocks, daily candles on last market and mid price based charts have variations in size]

This shows the bear flag apexes as the next possible turns. They are 12-13/8/2021
Be wary of the 150 key support.

[martywidget] 10/8/2021 06:48

It'd be great if you could post any further analysis of Argo over on the Argo board.

[martywidget] 10/8/2021 04:14

bamboo2, your previous analysis of Argo Blockchain panned out beautifully.

Legendary analysis when you wrote on 22 May:

"...The gap ...
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".


Back at some interesting support/resistance levels now on the chart and on the Ichimoku Kinko Hyo chart.




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[simon gordon] 09/8/2021 17:42

Bamboo,

Cheers!

Got my eyes peeled for a strong reversal candle. It's not down on a lot of volume. Feels like it's just a bit sea sick after a poor listing.