Hot Stocks Signals

S&P-ASX 200: the downside prevails.

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Pivot: 5800.00
Our preference: short positions below 5800.00 with targets at 5575.00 & 5505.00 in extension.
Alternative scenario: above 5800.00 look for further upside with 5890.00 & 5960.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.

S&P-ASX 200: under pressure.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

Pivot: 5836.00
Our preference: short positions below 5836.00 with targets at 5670.00 & 5575.00 in extension.
Alternative scenario: above 5836.00 look for further upside with 5960.00 & 6040.00 as targets.
Comment: the RSI lacks upward momentum.

Iluka Resources: supported by a rising trend line.
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Pivot: 8.35
Our preference: long positions above 8.35 with targets at 9.85 & 10.15 in extension.
Alternative scenario: below 8.35 look for further downside with 7.95 & 7.57 as targets.
Comment: the RSI shows upside momentum. The stock broke above the upper boundary of Bollinger Bands, which confirmed the continuation of the bullish trend. The prices are supported by a bullish trend line. The upward momentum is further reinforced by the rising 20-day and 50-day moving averages.

YieldShares High Income ETF (YYY): supported by a rising trend line.
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Pivot 19.1
Our Preference long positions above 19.10 with targets at 19.80 & 20.40 in extension.
Alternative Scenario below 19.10 look for further downside with 18.65 & 18.15 as targets.
Comment the RSI advocates for further upside.

Insurance Australia Group:

break of a ST rising trendline support.
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Pivot: 6.39
Our preference: short positions below 6.39 with targets at 5.95 & 5.80 in extension.
Alternative scenario: above 6.39 look for further upside with 6.56 & 6.70 as targets.
Comment: the RSI advocates for further decline. The stock broke below the short term rising trend line and 20-Day moving average.

S&P-ASX 200: under pressure.

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Pivot: 5960.00
Our preference: short positions below 5960.00 with targets at 5788.00 & 5670.00 in extension.
Alternative scenario: above 5960.00 look for further upside with 6040.00 & 6125.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 5960.00.

Westpac Banking Corp: further upside.
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Pivot: 34.00
Our preference: long positions above 34.00 with targets at 36.00 & 37.00 in extension.
Alternative scenario: below 34.00 look for further downside with 33.25 & 32.50 as targets.
Comment: the RSI is bullish and calls for further upside. The stock has broke above the upper boundary of the bearish trend channel. In addition, the prices supported by a rising trend line Since November 2016. The rising 20-period and 50-period moving averages are playing support role.

S&P-ASX 200: under pressure.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 5960.00
Our preference: short positions below 5960.00 with targets at 5670.00 & 5575.00 in extension.
Alternative scenario: above 5960.00 look for further upside with 6040.00 & 6125.00 as targets.
Comment: the upward potential is likely to be limited by the resistance at 5960.00.

Woodside Petroleum: supported by a rising trend line.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 31.50
Our preference: long positions above 31.50 with targets at 33.15 & 33.95 in extension.
Alternative scenario: below 31.50 look for further downside with 30.40 & 29.50 as targets.
Comment: The stock is supported by the bullish trend line since November. The former declining trend line and the rising 50-day moving average should support the prices. The key support at 31.5 should limit the downside potential.

First Trust ISE-Revere Natural Gas ETF (FCG): capped by a negative trend line.
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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot 25.35
Our Preference short positions below 25.35 with targets at 23.00 & 21.40 in extension.
Alternative Scenario above 25.35 look for further upside with 26.35 & 27.30 as targets.
Comment the RSI is capped by a declining trend line.

First Trust ISE Water ETF (FIW): key resistance at 42.45.
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Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot 42.45
Our Preference short positions below 42.45 with targets at 40.15 & 39.40 in extension.
Alternative Scenario above 42.45 look for further upside with 43.25 & 44.00 as targets.
Comment the RSI is capped by a bearish trend line. We notice a bearish divergence with prices reaching record highs while the RSI is showing lower highs, capped by a declining trend line.

Beach Energy: further advance.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 0.74
Our preference: long positions above 0.74 with targets at 0.88 & 0.91 in extension.
Alternative scenario: below 0.74 look for further downside with 0.71 & 0.68 as targets.
Comment: The stock broke above the declining trend line since January. The 20-day moving average has crossed above the 50-day one. The RSI is above its neutrality level at 50.

S&P-ASX 200: the upside prevails.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 5771.00
Our preference: long positions above 5771.00 with targets at 5960.00 & 6040.00 in extension.
Alternative scenario: below 5771.00 look for further downside with 5670.00 & 5575.00 as targets.
Comment: the RSI broke above a declining trend line.

Woodside Petroleum: the upside prevails.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 31.50
Our preference: long positions above 31.50 with targets at 33.45 & 34.25 in extension.
Alternative scenario: below 31.50 look for further downside with 30.40 & 29.50 as targets.
Comment: The stock broke above bearish trend line since January and the upper boundary of Bollinger Bands, which indicated the continuation of the bullish trend. The 20-day moving average is turning up. The RSI also broke above the declining trend line since November.

S&P-ASX 200: key resistance at 5820.00.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 5820.00
Our preference: short positions below 5820.00 with targets at 5670.00 & 5575.00 in extension.
Alternative scenario: above 5820.00 look for further upside with 5900.00 & 6000.00 as targets.
Comment: as long as 5820.00 is resistance, likely decline to 5670.00.

Macquarie Group: supported by a rising trend line.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 84.00
Our preference: long positions above 84.00 with targets at 90.00 & 93.50 in extension.
Alternative scenario: below 84.00 look for further downside with 81.00 & 77.00 as targets.
Comment: The technical picture of the stock is bullish as the price is supported by a bullish trend line since November. In addition, the price broke above its 20-day moving average. The RSI is also supported a rising trend line since November.

S&P-ASX 200: limited upside.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5670.00
Our preference: long positions above 5670.00 with targets at 5835.00 & 5900.00 in extension.
Alternative scenario: below 5670.00 look for further downside with 5575.00 & 5500.00 as targets.
Comment: the RSI lacks downward momentum.

S&P-ASX 200: limited upside.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5670.00
Our preference: long positions above 5670.00 with targets at 5835.00 & 5900.00 in extension.
Alternative scenario: below 5670.00 look for further downside with 5575.00 & 5500.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Westpac Banking Corp: bullish bias above 32.50.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 32.50
Our preference: long positions above 32.50 with targets at 35.20 & 36.00 in extension.
Alternative scenario: below 32.50 look for further downside with 31.50 & 30.80 as targets.
Comment: The stock is trading above its rising 20-day and 50-day moving averages, which play support roles and maintain the upside bias. The relative strength index is above its neutrality level at 50 and lacks downward momentum.

First Trust ISE Chindia ETF (FNI)
 NYT - 28 Feb 2017
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Turning down
Regarding the chart:
* The share struck against the 2016 top
* A bearish engulfing configuration is identified between February 22nd & 23rd

Regarding technical indicators:
* The RSI indicator has confirmed a bearish divergence
* The upper Bollinger band plays a resistance role

Trading strategy
Short Sell @ $30.83 - Stop loss @ $31.5 - Target @ $29.35

S&P-ASX 200: rebound expected.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5670.00
Our preference: long positions above 5670.00 with targets at 5900.00 & 6000.00 in extension.

Alternative scenario: below 5670.00 look for further downside with 5575.00 & 5500.00 as targets.
Comment: the RSI is mixed to bullish.

WorleyParsons: the downside prevails.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 9.11
Our preference: short positions below 9.11 with targets at 6.98 & 6.12 in extension.
Alternative scenario: above 9.11 look for further upside with 10.36 & 11.37 as targets.
Comment: the RSI has broken down its 30 level. Prices broke below a bullish channel and consolidated on the downside. The 20-day moving average crossed below the 50-day one (negative signal).

S&P-ASX 200: the upside prevails.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5670.00
Our preference: long positions above 5670.00 with targets at 5900.00 & 6000.00 in extension.

Alternative scenario: below 5670.00 look for further downside with 5575.00 & 5500.00 as targets.
Comment: the RSI shows upside momentum.

Pivot: 1.84
Our preference: long positions above 1.84 with targets at 2.13 & 2.25 in extension.
Alternative scenario: below 1.84 look for further downside with 1.72 & 1.60 as targets.
Comment: The stock is trading within the bullish channel, which confirms a positive outlook. The upward momentum is further reinforeced by the rising 20-day and 50-day moving averages. The RSI is supported by a rising trend line and calls for a further upside.

14:00 GMT - 09:00 NYT - 14 Feb 2017
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Further advance expected
Regarding the chart:
* The upward breakout of October 25th top is a bullish signal

Regarding technical indicators:
* The 20-day simple moving average (in red) is in support

Trading strategy
Buy @ $24 - Stop loss @ $22.7 - Target @ $27.95

S&P-ASX 200: consolidation in place.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 5775.00
Our preference: short positions below 5775.00 with targets at 5575.00 & 5500.00 in extension.
Alternative scenario: above 5775.00 look for further upside with 5830.00 & 5900.00 as targets.
Comment: the RSI lacks upward momentum.

Newcrest Mining: further advance.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 21.80
Our preference: long positions above 21.80 with targets at 24.90 & 25.95 in extension.
Alternative scenario: below 21.80 look for further downside with 20.50 & 19.30 as targets.
Comment: The stock is trading above its rising the 20-period and 50-period moving averages, which play support roles and maintain the upside bias. In addition, the RSI is bullish above its neutrality level at 50 and lacks downward momentum.

S&P-ASX 200: under pressure.
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


Pivot: 5750.00
Our preference: short positions below 5750.00 with targets at 5500.00 & 5385.00 in extension.
Alternative scenario: above 5750.00 look for further upside with 5830.00 & 5900.00 as targets.
Comment: technically the RSI is below its neutrality area at 50.

Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 30.60
Our preference: long positions above 30.60 with targets at 33.45 & 34.25 in extension.
Alternative scenario: below 30.60 look for further downside with 29.65 & 28.80 as targets.

Comment: The stock is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The RSI is above its neutrality level at 50 and lacks downward momentum.

S&P-ASX 200: under pressure.


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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced


Pivot: 5830.00
Our preference: short positions below 5830.00 with targets at 5600.00 & 5500.00 in extension.
Alternative scenario: above 5830.00 look for further upside with 5900.00 & 6000.00 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 62.00
Our preference: long positions above 62.00 with targets at 72.30 & 74.80 in extension.
Alternative scenario: below 62.00 look for further downside with 58.50 & 56.20 as targets.
Comment: The stock is trading above its rising 20-day and 50-day moving averages, which play support roles and maintain the upside bias. Additionally, the price broke above the upper boundary of Bollinger Band, which could signal a continuation of bullish acceleration. Also positive, the RSI broke above a declining trend line and is heading upwards with strong momentum.

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Regarding the chart:
* Prices have escaped, mid-November, from a rectangle pattern shaped between 35.5 & 38

Regarding technical indicators:
* The RSI indicator lacks downward momentum
* The 50-day exponential moving average is in support

Trading strategy
- Buy @ $39.82 
- Stop loss @ $38 
- Target @ $45

S&P-ASX 200: turning down.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced
Pivot: 5830.00
Our preference: short positions below 5830.00 with targets at 5565.00 & 5495.00 in extension.
Alternative scenario: above 5830.00 look for further upside with 5900.00 & 6000.00 as targets.
Comment: as long as 5830.00 is resistance, likely decline to 5565.00.

BHP Billiton: further upside.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 25.00
Our preference: long positions above 25.00 with targets at 28.00 & 29.00 in extension.
Alternative scenario: below 25.00 look for further downside with 23.80 & 22.20 as targets.
Comment: The price is trading above its rising 20-day and 50-day moving averages, which play support roles and maintain upside bias. Moreover, it is supported by a rising trend line. Additionally, the RSI broke above a declining trendline, and is above its neutrality level at 50.

S&P-ASX 200: limited upside.

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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

Pivot: 5660.00
Our preference: long positions above 5660.00 with targets at 5900.00 & 6000.00 in extension.
Alternative scenario: below 5660.00 look for further downside with 5565.00 & 5495.00 as targets.
Comment: the RSI is bullish and calls for further advance.