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Short Term Trading Weekend Lounge: 2-4 Nov, page-73

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Infidel75

2,659 Posts.

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04/11/18

09:32

Post #: 36382329
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Originally posted by Infidel75 ↑

Happy Weekend All.

Some charts that may interest for the week ahead.

Firstly AST finally broke out of that range and came back to retest the support on Friday leaving a nice promising hammer for the bounce.

AST weekly managed to put in a strong engulfing candle.

AST Hourly Managed to have strong last hour bouncing of the first demand line.

CKF one of the few charts to put in a 52 Week High. Friday. Still some distribution on that bar. Possible test of the BO Zone before ripping or could just rip straight up.

RIO an interesting chart. Looking like it wants to run and test the resistance level.

The reason RIO was interesting is that I was trading it for the last 40 mins of last week when it exploded upwards . Below is the 3 min chart. Shows the late run from minus 1% to +0.5%.
I didn't realise at the time that a rumour came out that a draft trade agreement was pending between the US and China. BHP, FMG, IGO all did the same. If that plays out should be a much stronger month all around.

Have a good weekend all.

Expand

Managed to dig up some more charts that may interest for the week ahead allowing for variations in the mood of the market on any given day.

Cheers

Last edited by Infidel75: 04/11/18

XAO Value at posting: 5,935.8
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