asx200 Articles

PNV.ASX flag break for possible $2.80 test.

PNV.ASX breaking out of flag with strong sell off into close. A hold above $2.50 would be a great opportunity to target $2.80. PNV.ASX – Polynovo LTD is an Australian-based medical device company that designs, develops and manufactures dermal regeneration solutions using its patented NovoSorb Biodegradable polymer technology. Key…

Bullish Flag Pattern for ABP.ASX Targeting $3.50

Price pierced through resistance ($2.87) with volume and cleared the range where it’s now coiling above under the 200 EMA. ABP.ASX has not touched the 200 EMA since the pre Covid drop. ABP.ASX – Abacus Property Group is a diversified property group specializing in Australia’s core commercial sector including office,…

WSA.ASX Closes Above Trendline Target $2.50

Nickel index quite strong last week increasing by 6% and potentially heading to test August highs. WSA.ASX has been supported at the 61.8% Fibonacci retracement and closed above a multi-month trend line with volume. Western Areas Limited (WSA.ASX) is an Australian based nickel sulphide explorer and producer with its core…

WEB.ASX Webjet breaking out of $4.00

Webjet (WEB.ASX) sitting inside the channel awaiting any type of Covid related vaccine news for possible expansion. Key levels broken at $4.00 with volume support now testing resistance at $4.20. A breakout could suggest $5.00 target at a minimum within the trend channel. Webjet bottomed out in April but failed…

ORE.ASX weakness may continue through $2.20

Orocobre Limited (ORE.ASX) – Lithium producers have been some of Australia’s favourite stocks for several years supporting the worlds change turning to renewable energy in the battery space lead by Elon Musk and Tesla. Last weeks Tesla Battery Day was hyped up to be an extremely positive presentation that…

Bullish Momentum for Z1P.ASX Targeting $7.50

Z1P.ASX has been well supported at $6.30 for the past week, even during that short term sell off after Presidential debate, buyers came back through holding price within this range. Many signals on the daily and 1 hour are now suggesting further support to the upside, and a recovering Nasdaq’s…

MSB – MESOBLAST LIMITED Targeting $5.35

The XJO (ASX200) has sold off from the peak made on August 25th following the SPX(US500) and Nasdaq during uncertain global times and Covid numbers starting to increase again in Europe. While the XJO continued to fall in the past 5 trading days, MSB has experienced supreme buying pressure continuing…

ASX200 Sighting June Lows – 5800

The US500 and Nasdaq continued their falls and finishing in the red on Friday. The ASX200 also had two consecutive lower low days breaking slicing below 6000 to finish the week also in the red. We could see slight recovery back into the 6000 which is key for the advance,…

ASX200 Closed Below 6000 And Under Pressure

ASX200 closed below 6000 and currently under extreme pressure to hold within the ending diagonal pattern. Overnight, the S&P500 and Nasdaq continue to break new highs while the XJO is struggling to breach and close above 6200. European equity markets have started to sell off and with bearish momentum from…