Author Archives: Bobby Pawagi

This monthly update will analyse the weekly and the daily charts to see the current state of the Australian market.

The Australia Market started a bullish trend in November 2016.  However, this year between June and September 2017 the S&P/ASX 200 went through consolidation phase. In the month of November, it finally come out of consolidation phase and break the major resistance at 5900.

For the month of November 2017, the S&P/ASX 200 was up 105 points to finish at 6013. However, at one stage in November it went above 5640.

Below is the weekly chart of the S&P/ASX 200 provided by TradingView for this article.

 

Below is Daily chart of the S&P/ASX 200 provided by TradingView.

Now the question is will it continue its bullish trend from November or will it try to test minor resistance on 5772? For the month of December, if S&P/ASX 200 held price above 5900 (major resistance), then we have high probability it will continue its current bullish trend. On the other hand, if price goes down to 5772 then it may start new bearish phase.

Let’s now look for a trading opportunity. Since the market has closed above major resistance, we want to make sure we trade in the direction of the higher time frames.

In using our scanner to analyse the ASX200, we found the following opportunities in our Multiple time frame email alert.

S&P/ASX 200

Trading Timeframe Bullish Bearish
10 Minutes TME-ASX, TRADE ME FPO NZX (2)
MMS-ASX, MCMILLAN FPO (4)
INM-ASX, IRN MTN CDI 1:1 (2)
30 Minutes TME-ASX, TRADE ME FPO NZX (2)
VCX-ASX, VICINITY STAPLED (4)
SCG-ASX, SCENTRE STAPLED (4)
SUN-ASX, SUNCORP FPO (2)
BAL-ASX, BELLAMYS FPO (4)
60 Minutes TME-ASX, TRADE ME FPO NZX (2)
MMS-ASX, MCMILLAN FPO (2)
SCG-ASX, SCENTRE STAPLED (2)
SUN-ASX, SUNCORP FPO (2)
INM-ASX, IRN MTN CDI 1:1 (4)
BAL-ASX, BELLAMYS FPO (2)
RFG-ASX, RTL FOOD FPO (4)
120 Minutes MMS-ASX, MCMILLAN FPO (2)
SCG-ASX, SCENTRE STAPLED (2)
SUN-ASX, SUNCORP FPO (2)
INM-ASX, IRN MTN CDI 1:1 (4)
BAL-ASX, BELLAMYS FPO (4)
RFG-ASX, RTL FOOD FPO (2)
240 Minutes VCX-ASX, VICINITY STAPLED (4) INM-ASX, IRN MTN CDI 1:1 (2)
BAL-ASX, BELLAMYS FPO (4)
RFG-ASX, RTL FOOD FPO (2)
Daily VCX-ASX, VICINITY STAPLED (4) RFG-ASX, RTL FOOD FPO (2)

Note: Updated Dec 06, 2017 10:59:12 PM EST

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

 

Australia Stock Market Monthly Update:   November 2017

Posted on November 1st, 2017 by

This monthly update will analyse the weekly and the daily charts to see the current state of the Australian market.

The Australia Market started a bullish trend in November 2016.  However, this year between June and September 2017 the S&P/ASX 200 went through consolidation phase. In the month of October, it finally come out of consolidation phase and break the minor resistance at 5772.

For the month of October 2017, the S&P/ASX 200 was up 184 points to finish at 5908.

Below is the weekly chart of the S&P/ASX 200 provided by TradingView for this article.

Below is Daily chart of the S&P/ASX 200 provided by TradingView.

For the month of November, if S&P/ASX 200 held price above 5772 (minor resistance), then we have high probability it will continue its current bullish trend. On the other hand, if price goes down again to 5600 then it may reverse back into consolidation phase.

Let’s now look for a trading opportunity. Since the market has closed above minor resistance, we want to make sure we trade in the direction of the higher time frames.

In using our scanner to analyse the ASX200, we found the following opportunities in our Multiple time frame email alert.

S&P/ASX 200

Trading Timeframe

Bullish

Bearish

10 Minutes BSL-ASX, BLUESCOPE FPO (4)
ALL-ASX, ARISTOCRAT FPO (4)
SPO-ASX, SPOTLESS FPO (4)
BEN-ASX, BEN ADE BK FPO (2)
30 Minutes BSL-ASX, BLUESCOPE FPO (2)
ALL-ASX, ARISTOCRAT FPO (4)
BWP-ASX, BWP TRUST ORD UNITS (4)
SKC-ASX, SKYCITY FPO NZX (4)
CQR-ASX, CHRETAILRT UNIT (4)
SPO-ASX, SPOTLESS FPO (4)
60 Minutes ALL-ASX, ARISTOCRAT FPO (2)
BWP-ASX, BWP TRUST ORD UNITS (2)
SKC-ASX, SKYCITY FPO NZX (2)
CQR-ASX, CHRETAILRT UNIT (4)
RIO-ASX, RIO TINTO FPO (4)
SPO-ASX, SPOTLESS FPO (2)
BEN-ASX, BEN ADE BK FPO (4)
AHY-ASX, ASALEO FPO (2)
120 Minutes BWP-ASX, BWP TRUST ORD UNITS (2)
SKC-ASX, SKYCITY FPO NZX (2)
CQR-ASX, CHRETAILRT UNIT (2)
RIO-ASX, RIO TINTO FPO (2)
BEN-ASX, BEN ADE BK FPO (4)
AHY-ASX, ASALEO FPO (2)
240 Minutes SKC-ASX, SKYCITY FPO NZX (2)
RIO-ASX, RIO TINTO FPO (2)
BEN-ASX, BEN ADE BK FPO (4)
AHY-ASX, ASALEO FPO (2)
Daily BSL-ASX, BLUESCOPE FPO (4)
RIO-ASX, RIO TINTO FPO (2)
AHY-ASX, ASALEO FPO (4)

Note: Updated Oct 31, 2017 10:47:10 AM EST

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

Australia Stock Market Monthly Update: September 2017

Posted on September 2nd, 2017 by

This monthly update will analyse the weekly and the daily charts to see the current state of the Australian market.

Reporting season for the Australian Share market pretty much finished for the previous Financial Year 2016/17. Majority of the top 200 ASX listed companies have positive results and increased their dividend payment from a year ago. For the month of August 2017, the S&P/ASX 200 was up 4 points to finish at 5711.

Below is the weekly chart of the S&P/ASX 200 provided by TradingView for this article.

For last 4 months, the S&P/ASX 200 is going through consolidation phase. In the month of August, the S&P/ASX 200 reacted positively to various companies reporting. Currently S&P/ASX 200 trading above minor support at 5711.  However, at one stage in August it dipped below major support at 5640.

Below is Daily chart of the S&P/ASX 200 provided by TradingView.

For the month of September, if S&P/ASX 200 held price above 5700, then we have high probability it will continue its current consolidation phase. On the other hand, if it stays below 5700 then it may break 5640 level again and start new bearish trend on daily timeframe.

Let’s now look for a trading opportunity.   Since the market has closed above minor support, we want to make sure we trade in the direction of the higher time frames.

In using our scanner to analyse the ASX200, we found the following opportunities in our Multiple time frame email alert.

S&P/ASX 200

Trading Timeframe

Bullish

Bearish

           10 Minutes MGR-ASX, MIRVAC GRP STAPLED (2)
RFG-ASX, RTL FOOD FPO (2)
IVC-ASX, INVOCARE FPO (2)
ORI-ASX, ORICA FPO (2)
SUL-ASX, SUPARETAIL FPO (4)
MMS-ASX, MCMILLAN FPO (4)
          30 Minutes   SUL-ASX, SUPARETAIL FPO (4)
MMS-ASX, MCMILLAN FPO (2)
GOZ-ASX, GROWTHPRO STAPLED (4)
TAH-ASX, TABCORP FPO (4)
TGR-ASX, TASSAL GRP FPO (4)
AZJ-ASX, AURIZON FPO (4)
IAG-ASX, INSUR.AUST FPO (2)
DLX-ASX, DULUXG FPO (2)
          60 Minutes BGA-ASX, BEGA FPO (2) SUL-ASX, SUPARETAIL FPO (4)
NVT-ASX, NAVITAS FPO (4)
        120 Minutes MGR-ASX, MIRVAC GRP STAPLED (2)
RFG-ASX, RTL FOOD FPO (4)
BGA-ASX, BEGA FPO (2)
MMS-ASX, MCMILLAN FPO (2)
GOZ-ASX, GROWTHPRO STAPLED (4)
TAH-ASX, TABCORP FPO (4)
TGR-ASX, TASSAL GRP FPO (4)
AZJ-ASX, AURIZON FPO (4)
IAG-ASX, INSUR.AUST FPO (4)
NVT-ASX, NAVITAS FPO (4)
        240 Minutes MGR-ASX, MIRVAC GRP STAPLED (2)
RFG-ASX, RTL FOOD FPO (4)
IVC-ASX, INVOCARE FPO (4)
ORI-ASX, ORICA FPO (4)
BGA-ASX, BEGA FPO (4)
MMS-ASX, MCMILLAN FPO (2)
GOZ-ASX, GROWTHPRO STAPLED (2)
TAH-ASX, TABCORP FPO (2)
TGR-ASX, TASSAL GRP FPO (4)
AZJ-ASX, AURIZON FPO (4)
IAG-ASX, INSUR.AUST FPO (4)
DLX-ASX, DULUXG FPO (4)
NVT-ASX, NAVITAS FPO (4)
              Daily MGR-ASX, MIRVAC GRP STAPLED (4)
RFG-ASX, RTL FOOD FPO (4)
IVC-ASX, INVOCARE FPO (4)
ORI-ASX, ORICA FPO (4)
BGA-ASX, BEGA FPO (4)
GOZ-ASX, GROWTHPRO STAPLED (4)
TAH-ASX, TABCORP FPO (2)
TGR-ASX, TASSAL GRP FPO (4)
AZJ-ASX, AURIZON FPO (2)
IAG-ASX, INSUR.AUST FPO (4)
DLX-ASX, DULUXG FPO (2)
NVT-ASX, NAVITAS FPO (4)

Note: Updated Aug 31, 2017 10:54:08 PM EST

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

 

Australia Stock Market Monthly Update. August 2017

Posted on August 2nd, 2017 by

This monthly update will analyse the weekly and the daily charts to see the current state of the Australian market.

The Australian Share market started Financial Year 2017/18 with the S&P/ASX 200 (AU200AUD) at 5717. For the month of July 2017, the S&P/ASX 200 was down .18% to finish at 5707.

Below is the weekly chart of the S&P/ASX 200 provided by TradingView for this article.

The S&P/ASX 200 is currently going through consolidation phase. In the month of July, the Australian market started on positive note but by the mid July it pullback to major support at 5640. Currently ASX 200 trading above minor support at 5700.

Below is Daily chart of the S&P/ASX 200 provided by TradingView.

The volatility will increase in August due to start of reporting season in Australia. For the month of August, if S&P/ASX 200 held price above 5700, then we have high probability it will break SKB and bearish cloud and cross 5800 by mid-August. If it goes below 5700 then it may pullback again to 5640 level and may continue its current consolidation phase.

Here is a list of Australia stocks that are completely bullish:

Note: RT Scanner, EII Capital, August 2 2017

Let’s now look for a trading opportunity.   Since the market has closed above minor resistance, we want to make sure we trade in the direction of the higher time frames.

In using our scanner to analyse the ASX200, we found the following opportunities in our Multiple time frame email alert.

Trading Timeframe

Bullish

Bearish

10 Minutes NEC-ASX, NINE ENT FPO (2)
FXL-ASX, FLEXIGROUP FPO (4)
A2M-ASX, A2 MILK FPO NZ (2)
APN-ASX, APN N&M FPO (4)
S32-ASX, SOUTH32 FPO (2)
IFL-ASX, IOOF FPO (4)
SPO-ASX, SPOTLESS FPO (4)
GPT-ASX, GPT STAPLED (4)
IRE-ASX, IRESS FPO (4)
BOQ-ASX, BANK QLD FPO (4)
ARB-ASX, ARB CORP FPO (4)
30 Minutes NEC-ASX, NINE ENT FPO (2)
FXL-ASX, FLEXIGROUP FPO (2)
A2M-ASX, A2 MILK FPO NZ (4)
APN-ASX, APN N&M FPO (2)
IFL-ASX, IOOF FPO (2)
SPO-ASX, SPOTLESS FPO (4)
GPT-ASX, GPT STAPLED (2)
IRE-ASX, IRESS FPO (4)
BOQ-ASX, BANK QLD FPO (4)
ARB-ASX, ARB CORP FPO (4)
CWY-ASX, CLEANAWAY FPO (2)
AWC-ASX, ALUMINA FPO (2)
EVN-ASX, EVOLUTION FPO (2)
GOZ-ASX, GROWTHPRO STAPLED (4)
TME-ASX, TRADE ME FPO NZX (2)
GXL-ASX, GREENCROSS FPO (4)
JHX-ASX, J HARDIE CDI 1:1 (2)
SHL-ASX, SONIC HLTH FPO (2)
60 Minutes FXL-ASX, FLEXIGROUP FPO (2)
APN-ASX, APN N&M FPO (2)
BGA-ASX, BEGA FPO (2)
SPO-ASX, SPOTLESS FPO (2)
IRE-ASX, IRESS FPO (4)
BOQ-ASX, BANK QLD FPO (2)
ARB-ASX, ARB CORP FPO (2)
AWC-ASX, ALUMINA FPO (2)
EVN-ASX, EVOLUTION FPO (2)
GOZ-ASX, GROWTHPRO STAPLED (4)
TME-ASX, TRADE ME FPO NZX (4)
JHX-ASX, J HARDIE CDI 1:1 (4)
SHL-ASX, SONIC HLTH FPO (4)
SKT-ASX, SKY NET TV FPO NZ (2)
120 Minutes NEC-ASX, NINE ENT FPO (2)
A2M-ASX, A2 MILK FPO NZ (4)
S32-ASX, SOUTH32 FPO (4)
BGA-ASX, BEGA FPO (4)
GPT-ASX, GPT STAPLED (4)
CWY-ASX, CLEANAWAY FPO (2)
AWC-ASX, ALUMINA FPO (4)
EVN-ASX, EVOLUTION FPO (2)
GOZ-ASX, GROWTHPRO STAPLED (4)
TME-ASX, TRADE ME FPO NZX (2)
JHX-ASX, J HARDIE CDI 1:1 (2)
SHL-ASX, SONIC HLTH FPO (2)
SKT-ASX, SKY NET TV FPO NZ (4)
240 Minutes NEC-ASX, NINE ENT FPO (2)
A2M-ASX, A2 MILK FPO NZ (4)
S32-ASX, SOUTH32 FPO (2)
BGA-ASX, BEGA FPO (2)
GPT-ASX, GPT STAPLED (2)
CWY-ASX, CLEANAWAY FPO (2)
AWC-ASX, ALUMINA FPO (4)
EVN-ASX, EVOLUTION FPO (2)
GOZ-ASX, GROWTHPRO STAPLED (2)
TME-ASX, TRADE ME FPO NZX (2)
GXL-ASX, GREENCROSS FPO (4)
JHX-ASX, J HARDIE CDI 1:1 (2)
SHL-ASX, SONIC HLTH FPO (2)
SKT-ASX, SKY NET TV FPO NZ (4)
Daily S32-ASX, SOUTH32 FPO (4)
IFL-ASX, IOOF FPO (2)
BGA-ASX, BEGA FPO (4)
CWY-ASX, CLEANAWAY FPO (4)
GXL-ASX, GREENCROSS FPO (2)
SKT-ASX, SKY NET TV FPO NZ (2)

Note: Updated July 31, 2017 02:11:07 AM EST

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

Australia Stock Market Monthly Update. July 2017

Posted on July 1st, 2017 by

This monthly update will analyse the weekly and the daily charts to see the current state of the Australian market.

The Australian financial (or fiscal) year ended on 30 June 2017. The Australian Share market started 2016/17 with the S&P/ASX 200 (AU200AUD) at 5267. At the end of the financial year the S&P/ASX 200 Index gain 8.54% to finish at 5717.

In case if you are wondering for the month of June 2017, the S&P/ASX 200 was down .30% to finish at 5717.

Below is the weekly chart of the S&P/ASX 200 provided by TradingView for this article.

 

 

 

 

 

 

 

 

 

 

The S&P/ASX 200 has gone through consolidation in phase first half of the 2017. In the month of June, the market started on downward trend but at the end it recovers and closed above minor support at 5700.

Below is Daily chart of the S&P/ASX 200 provided by TradingView.

Overall the S&P/ASX 200 index finished the Financial year at 5717. For the month of July (start of the new financial year), if S&P/ASX 200 held price above 5700, then we have high probability it will retest 5880. If it goes below 5700 then it may test 5640 level and may continue its current consolidation phase.

Here is a list of Australia stocks that are completely bullish:

Ticker Description Price Dir.
    ASX-ASX ASX FPO 53.61 Up
    BGA-ASX BEGA FPO 6.51 Up
    BSL-ASX BLUESCOPE FPO 13.21 Up
    GWA-ASX GWA GROUP FPO 3.15 Up
    IAG-ASX INSUR.AUST FPO 6.78 Up
    IRE-ASX IRESS FPO 12.69 Up
    RRL-ASX REGIS FPO 3.78 Up
    SGM-ASX SIMS METAL FPO 15.18 Up
    TME-ASX TRADE ME FPO NZX 5.06 Up

Let’s now look for a trading opportunity.   Since the market has closed below minor resistance, we want to make sure we trade in the direction of the higher time frames.

In using our scanner to analyse the ASX200, we found the following opportunity in our Multiple time frame email alert.

ASX 200

Trading Timeframe Bullish Bearish
10 Minutes APN-ASX, APN N&M FPO (4)
MPL-ASX, MEDIBANK FPO (2)
IFL-ASX, IOOF FPO (4)
30 Minutes APN-ASX, APN N&M FPO (2)
IFL-ASX, IOOF FPO (2)
BPT-ASX, BEACH FPO (2)
60 Minutes APN-ASX, APN N&M FPO (2)
MPL-ASX, MEDIBANK FPO (2)
SAR-ASX, SARACEN FPO (2)
BPT-ASX, BEACH FPO (4)
RSG-ASX, RESOLUTE FPO (4)
RFG-ASX, RTL FOOD FPO (4)
120 Minutes MPL-ASX, MEDIBANK FPO (4)
IFL-ASX, IOOF FPO (2)
SAR-ASX, SARACEN FPO (2)
BPT-ASX, BEACH FPO (2)
RSG-ASX, RESOLUTE FPO (2)
RFG-ASX, RTL FOOD FPO (4)
240 Minutes MPL-ASX, MEDIBANK FPO (2)
SAR-ASX, SARACEN FPO (2)
RSG-ASX, RESOLUTE FPO (4)
RFG-ASX, RTL FOOD FPO (2)
Daily IFL-ASX, IOOF FPO (2)
SAR-ASX, SARACEN FPO (4)
RSG-ASX, RESOLUTE FPO (4)
RFG-ASX, RTL FOOD FPO (2)

Note: Updated Jun 29, 2017 10:55:06 PM EST

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE.

Risk Disclosure:  https://www.ichimokutrade.com/c/disclaimer/