Hot Stocks Signals

Upside momentum to record highs



Regarding the chart:
* Prices have broken above a falling broadening wedge pattern before reaching an all-time high.
* As long as prices remain above their 50-day moving average, we expect further upside.

Regarding technical indicators:
* The RSI broke above a long-term declining trend line formed in December 2016.

Trading strategy
Buy @ $55.25 - Stop loss @ $54 - Target @ $56.8

Fortescue Metals Group: under pressure.



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

• Pivot: 5.75
  
• Our preference: short positions below 5.75 with targets at 4.87 & 4.50 in extension.
  
• Alternative scenario: above 5.75 look for further upside with 6.05 & 6.40 as targets.
  
• Comment: the RSI broke below a rising trend line.
  

S&P-ASX 200: bullish bias above 5640.00.


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

• Pivot: 5640.00
  
• Our preference: long positions above 5640.00 with targets at 5780.00 & 5835.00 in extension.
  
• Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
  
• Comment: the RSI is mixed and calls for caution.
  

AlphaClone Alternative Alpha ETF (ALFA): supported by a rising trend line.


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 40.3
  
• Our Preference long positions above 40.30 with targets at 42.80 & 44.00 in extension.
  
• Alternative Scenario below 40.30 look for further downside with 39.55 & 38.45 as targets.
  
• Comment the RSI broke above a bearish trend line.
  

First Trust ISE Cloud Computing ETF (SKYY): supported by a rising trend line.


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 41
  
• Our Preference long positions above 41.00 with targets at 43.00 & 44.00 in extension.
  
• Alternative Scenario below 41.00 look for further downside with 40.25 & 39.55 as targets.
  
• Comment the RSI broke above a bearish trend line.
  

Breakout to the upside
Regarding the chart:
* Prices have broken above a symmetrical triangle in place since June.
* As long as prices remain above the overlap level of $13, we expect prices to reach record highs.

Regarding technical indicators:
* The RSI also broke above a symmetrical triangle and is shooting towards the 70 level.

Trading strategy
Buy @ $13.53 - Stop loss @ $13 - Target @ $13.85

Commonwealth Bank Of Australia: under pressure.


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

Pivot: 78.05
Our preference: short positions below 78.05 with targets at 73.15 & 69.40 in extension.
Alternative scenario: above 78.05 look for further upside with 80.55 & 82.75 as targets.
Comment: the upward potential is likely to be limited by the resistance at 78.05.

Further advance after german dax record high


Regarding the chart:
* Prices have been supported by a rising trend line since last summer.
* On a more short-term basis, prices broke above a falling broadening wedge pattern.
* As long as prices remain above the 50-day moving average, we expect prices to higher levels.

Regarding technical indicators:
* The RSI has been trading above the neutral zone for most of 2017.

Trading strategy
Buy @ $48.81 - Stop loss @ $46.95 - Target @ $50.25

S&P-ASX 200: further upside.


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

• Pivot: 5720.00
  
• Our preference: long positions above 5720.00 with targets at 5960.00 & 6050.00 in extension.
  
• Alternative scenario: below 5720.00 look for further downside with 5640.00 & 5575.00 as targets.
  
• Comment: the RSI shows upside momentum.
  

Rio Tinto: further advance.


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

• Pivot: 67.50
  
• Our preference: long positions above 67.50 with targets at 74.50 & 76.50 in extension.
  
• Alternative scenario: below 67.50 look for further downside with 65.20 & 62.00 as targets.
  
• Comment: the RSI advocates for further upside. The stock is trading within the bullish channel.
  

S&P-ASX 200: further upside.


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: long positions above 5775.00 with targets at 6050.00 & 6170.00 in extension.
Alternative scenario: below 5775.00 look for further downside with 5640.00 & 5575.00 as targets.
Comment: the RSI advocates for further advance.

Trading within a bullish channel.



Regarding the chart:
* Prices have been trading within a bullish channel in place since August.
* As long as prices remain above the 50-day moving average, we are anticipating further upside.

Regarding technical indicators:
* The RSI is supported by a rising trend line.

Trading strategy
Buy @ $113.53 - Stop loss @ $110.75 - Target @ $115.2

S&P-ASX 200: the upside prevails.


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

Pivot: 5855.00
Our preference: long positions above 5855.00 with targets at 6170.00 & 6300.00 in extension.
Alternative scenario: below 5855.00 look for further downside with 5755.00 & 5640.00 as targets.
Comment: the RSI is bullish and calls for further upside.

PureFunds ISE Cyber Security ETF (HACK): under pressure.


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 30.35
  
• Our Preference short positions below 30.35 with targets at 29.15 & 28.50 in extension.
  
• Alternative Scenario above 30.35 look for further upside with 31.10 & 31.85 as targets.
  
• Comment the RSI is capped by a bearish trend line. Prices broke below a rising channel.
  

PureFunds ISE Junior Silver ETF (SILJ): capped by a negative trend line.


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 11.25
  
• Our Preference short positions below 11.25 with targets at 9.80 & 9.00 in extension.
  
• Alternative Scenario above 11.25 look for further upside with 11.80 & 12.50 as targets.
  
• Comment the RSI broke below a rising trend line.
  

First Trust ISE Cloud Computing Index Fund (SKYY) 15 Nov 2017



The upside prevails
Regarding the chart:
*The ETF is supported by a rising trend line.
*The 20-day simple moving average acts as support.

Regarding technical indicators:
* The RSI remains above the 50 level indicating the trend remains in play.

Trading strategy
Buy @ $44 - Stop loss @ $42.65 - Target @ $45

Macquarie Group: further upside


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

• Pivot: 94.55
  
• Our preference: long positions above 94.55 with targets at 100.00 & 105.00 in extension.
  
• Alternative scenario: below 94.55 look for further downside with 91.45 & 89.00 as targets.
  
• Comment: the RSI is bullish and calls for further advance.
  

First Trust ISE Water Index Fund (FIW): further advance.

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 46.1
  
• Our Preference long positions above 46.10 with targets at 48.50 & 49.25 in extension.
  
• Alternative Scenario below 46.10 look for further downside with 45.30 & 44.50 as targets.
  
• Comment the RSI advocates for further advance. Prices broke above a flag continuation pattern.
  

First Trust ISE-Revere Natural Gas Index Fund (FCG): further upside.

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 20.4
  
• Our Preference long positions above 20.40 with targets at 22.90 & 23.80 in extension.
  
• Alternative Scenario below 20.40 look for further downside with 19.45 & 18.55 as targets.
  
• Comment the RSI is supported by a rising trend line. Prices are ranging within a bullish channel.
  

Supported by a bullish channel.
Regarding the chart:
* Prices have been trading within a bullish channel in place since July.
* As long as prices remain above the 50-day moving average, we are anticipating further advance.

Regarding technical indicators:
* The RSI is supported by a rising trend line formed in July as well.

Trading strategy
Buy @ $25.49 - Stop loss @ $25 - Target @ $25.75

S&P-ASX 200: bullish bias above 5855.00.

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

• Pivot: 5855.00
  
• Our preference: long positions above 5855.00 with targets at 6055.00 & 6170.00 in extension.
  
• Alternative scenario: below 5855.00 look for further downside with 5755.00 & 5640.00 as targets.
  
• Comment: the RSI is above its neutrality area at 50%.
  

PureFunds ISE Cyber Security ETF (HACK): further advance.

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 30.15
  
• Our Preference long positions above 30.15 with targets at 32.45 & 33.75 in extension.
  
• Alternative Scenario below 30.15 look for further downside with 29.15 & 28.40 as targets.
  
• Comment the RSI broke above a bearish trend line. Prices broke above a symmetrical triangle.
  

First Trust ISE Global Wind Energy Index Fund (FAN): bullish bias above 12.40.

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 12.4
  
• Our Preference long positions above 12.40 with targets at 12.85 & 13.05 in extension.
  
• Alternative Scenario below 12.40 look for further downside with 12.15 & 11.95 as targets.
  
• Comment the RSI broke above a declining trend line.
  

Bullish flag pattern


Regarding the chart:
* Prices broke out of a bullish flag continuation pattern.
* As long as prices remain above the 50-day moving average, we expect to reach higher prices.

Regarding technical indicators:
* The RSI bounced off the 50 level to reach higher levels.

Trading strategy
Buy @ $48.8 - Stop loss @ $47 - Target @ $50

Rio Tinto: the upside prevails.

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

• Pivot: 68.30
  
• Our preference: long positions above 68.30 with targets at 75.20 & 78.00 in extension.
  
• Alternative scenario: below 68.30 look for further downside with 65.20 & 62.00 as targets.
  
• Comment: the RSI lacks downward momentum.
  

S&P-ASX 200: the bias remains bullish.


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

• Pivot: 5855.00
  
• Our preference: long positions above 5855.00 with targets at 6055.00 & 6170.00 in extension.
  
• Alternative scenario: below 5855.00 look for further downside with 5755.00 & 5640.00 as targets.
  
• Comment: the RSI lacks downward momentum.
  

First Trust ISE Chindia Index Fund (FNI): break of a ST rising trendline support.


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 38.75
  
• Our Preference short positions below 38.75 with targets at 37.35 & 36.60 in extension.
  
• Alternative Scenario above 38.75 look for further upside with 40.25 & 42.00 as targets.
  
• Comment the RSI is capped by a declining trend line.
  

First Trust ISE-Revere Natural Gas Index Fund (FCG): supported by a rising trend line.


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 21.2
  
• Our Preference long positions above 21.20 with targets at 22.90 & 23.80 in extension.
  
• Alternative Scenario below 21.20 look for further downside with 20.45 & 19.45 as targets.
  
• Comment the RSI is supported by a rising trend line. Prices are ranging within a bullish channel.
  

Bearish momentum ahead

Regarding the chart:
* Prices broke below a rising trend line in place since September.
* As long as prices are trading below the 20-day moving average, we are looking to reach our downside targets.

Regarding technical indicators:
* The RSI broke below a rising trend line.

Trading strategy
Short Sell @ $44.75 - Stop loss @ $45.65 - Target @ $43.75

Woodside Petroleum: rebound expected.


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

• Pivot: 30.25
  
• Our preference: long positions above 30.25 with targets at 32.45 & 33.40 in extension.
  
• Alternative scenario: below 30.25 look for further downside with 29.60 & 29.00 as targets.
  
• Comment: a support base at 30.25 has formed and has allowed for a temporary stabilisation.
  

S&P-ASX 200: limited upside.


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

• Pivot: 5855.00
  
• Our preference: long positions above 5855.00 with targets at 6055.00 & 6170.00 in extension.
  
• Alternative scenario: below 5855.00 look for further downside with 5755.00 & 5640.00 as targets.
  
• Comment: the RSI is mixed with a bullish bias.
  

Newcrest Mining: key resistance at 23.20.

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

• Pivot: 23.20
  
• Our preference: short positions below 23.20 with targets at 20.70 & 19.30 in extension.
  
• Alternative scenario: above 23.20 look for further upside with 24.30 & 25.35 as targets.
  
• Comment: as long as 23.20 is resistance, look for choppy price action with a bearish bias. The stock broke below the rising channel.
  

S&P-ASX 200: the bias remains bullish.

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

• Pivot: 5915.00
  
• Our preference: long positions above 5915.00 with targets at 6055.00 & 6170.00 in extension.
  
• Alternative scenario: below 5915.00 look for further downside with 5840.00 & 5755.00 as targets.
  
• Comment: the RSI is supported by a rising trend line.
  

BHP Billiton: supported by a rising trend line.

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

• Pivot: 26.90
  
• Our preference: long positions above 26.90 with targets at 30.05 & 31.15 in extension.
  
• Alternative scenario: below 26.90 look for further downside with 25.50 & 24.30 as targets.
  
• Comment: the RSI shows upside momentum.
  

Rio Tinto: the upside prevails.



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

• Pivot: 72.45
  
• Our preference: long positions above 72.45 with targets at 81.00 & 85.60 in extension.
  
• Alternative scenario: below 72.45 look for further downside with 68.70 & 65.20 as targets.
  
• Comment: the RSI advocates for further advance. The process of higher highs and lows remains intact, which should confirm a bullish outlook.
  

S&P-ASX 200: the bias remains bullish.

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

• Pivot: 5945.00
  
• Our preference: long positions above 5945.00 with targets at 6245.00 & 6300.00 in extension.
  
• Alternative scenario: below 5945.00 look for further downside with 5840.00 & 5755.00 as targets.
  
• Comment: the RSI is bullish and calls for further advance.
  

S&P-ASX 200: the bias remains bullish.( 01.14.2018/20:25:02 CET)


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

• Pivot: 5990.00
  
• Our preference: long positions above 5990.00 with targets at 6150.00 & 6245.00 in extension.
  
• Alternative scenario: below 5990.00 look for further downside with 5915.00 & 5840.00 as targets.
  
• Comment: technically the RSI is above its neutrality area at 50.