Hot Stocks Signals

AMP Limited: 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: 5.10
  
• Our preference: long positions above 5.10 with targets at 5.45 & 5.65 in extension.
  
• Alternative scenario: below 5.10 look for further downside with 4.90 & 4.73 as targets.
  
• Comment: the RSI is bullish and calls for further advance. The price broke above the upper boundary of the falling flag. The stock is supported by a bullish trend line. The 20-day moving average crossed above the 50-day one.
  

Commonwealth Bank Of Australia: 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: 80.70
Our preference: long positions above 80.70 with targets at 87.70 & 90.00 in extension.
Alternative scenario: below 80.70 look for further downside with 77.60 & 75.00 as targets.
Comment: the RSI is bullish and calls for further upside. The stock recorded higher tops and higher bottoms since June. The 20-day moving average crossed above the 50-day one.

PureFunds ISE Cyber Security ETF (HACK): supported by a rising trend line.

• Pivot 29.35
  
• Our Preference long positions above 29.35 with targets at 31.35 & 31.95 in extension.
  
• Alternative Scenario below 29.35 look for further downside with 28.35 & 27.50 as targets.
  
• Comment the RSI is supported by a rising trend line. Prices broke above a falling wedge pattern.
  

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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

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

• Pivot 39.5
  
• Our Preference long positions above 39.50 with targets at 42.25 & 43.58 in extension.
  
• Alternative Scenario below 39.50 look for further downside with 38.45 & 37.60 as targets.
  
• Comment the RSI is supported by a bullish trend line. The RSI broke above a symmetrical triangle pattern.
  

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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

ANZ Banking Group: 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: 28.30
  
• Our preference: long positions above 28.30 with targets at 30.60 & 31.85 in extension.
  
• Alternative scenario: below 28.30 look for further downside with 27.15 & 26.00 as targets.
  
• Comment: the RSI is supported by a rising trend line. The stock recorded higher tops and higher bottoms since June. The 20-day moving average crossed above the 50-day one.
  

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 21.8
  
• Our Preference short positions below 21.80 with targets at 20.05 & 19.20 in extension.
  
• Alternative Scenario above 21.80 look for further upside with 22.85 & 24.05 as targets.
  
• Comment the RSI is mixed to bearish.
  

PowerShares DWA Energy Momentum Portfolio (PXI)
16:44 GMT - 12:44 NYT - 2 Aug 2017

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Capped by a declining trend line
Regarding the chart:
* Prices are ranging within a bearish channel in place since March.
* On a short-term basis, prices broke below a rising channel.

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

Trading strategy
Short Sell @ $33.25 - Stop loss @ $35 - Target @ $31.65

Rio Tinto: further advance.
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Pivot: 62.00
Our preference: long positions above 62.00 with targets at 69.70 & 72.00 in extension.
Alternative scenario: below 62.00 look for further downside with 59.90 & 56.50 as targets.
Comment: the RSI lacks downward momentum. The 50-day moving average is playing a support role. The downside potential should be limited by the key support at 62.0.

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

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Pivot: 5640.00
Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
Comment: a support base at 5640.00 has formed and has allowed for a temporary stabilisation.

S&P-ASX 200: the bias remains bullish.
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Pivot: 5640.00
Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
Comment: a support base at 5640.00 has formed and has allowed for a temporary stabilisation.

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Further downside expected.
Regarding the chart:
* Prices have been capped by a declining channel in place since December 2016.
* As long as prices remain within the channel, we expect further downside.

Regarding technical indicators:
* The RSI is capped by a bearish trend line.

Trading strategy
Short Sell @ $23.83 - Stop loss @ $26.3 - Target @ $21.5

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

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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: 5640.00
Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
Comment: a support base at 5640.00 has formed and has allowed for a temporary stabilisation.

ETF Trends of the Week

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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

PureFunds ISE Cyber Security ETF (HACK): break of a ST rising trendline support.
Pivot 29.65
Our Preference short positions below 29.65 with targets at 28.00 & 27.30 in extension.
Alternative Scenario above 29.65 look for further upside with 30.25 & 30.80 as targets.
Comment the RSI broke below a rising trend line.

Fortescue Metals Group: 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: 5.40
  
• Our preference: long positions above 5.40 with targets at 6.45 & 6.85 in extension.
  
• Alternative scenario: below 5.40 look for further downside with 4.87 & 4.50 as targets.
  
• Comment: the RSI is supported by a rising trend line. The prices broke above the declining trend line and validated a reverse heard and shoulder pattern.
  

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

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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: 5640.00
  
• Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
  
• Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
  
• Comment: a support base at 5640.00 has formed and has allowed for a temporary stabilisation.
  

PowerShares DWA SmallCap Momentum Portfolio (DWAS)

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Further upside expected.

Regarding the chart:
* Prices have been trading within a bullish channel in place since April.
* On a short-term basis, prices broke above a falling broadening wedge pattern.
* Prices broke above their 50-day moving average.

Regarding technical indicators:
* The RSI broke above a bearish trend line.

Trading strategy
Buy @ $43.75 - Stop loss @ $42 - Target @ $44.7

Commonwealth Bank Of Australia: 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: 80.55
  
• Our preference: short positions below 80.55 with targets at 72.60 & 69.40 in extension.
  
• Alternative scenario: above 80.55 look for further upside with 82.75 & 85.20 as targets.
  
• Comment: the RSI has broken down its 30 level. The 20-day moving average crossed below the 50-day one.
  

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

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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: 5640.00
  
• Our preference: long positions above 5640.00 with targets at 5835.00 & 5960.00 in extension.
  
• Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
  
• Comment: the RSI lacks downward momentum.
  

EUR/USD Intraday: under pressure.
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Pivot: 1.1930
Most Likely Scenario: short positions below 1.1930 with targets at 1.1875 & 1.1855 in extension.
Alternative scenario: above 1.1930 look for further upside with 1.1980 & 1.2025 as targets.
Comment: as long as the resistance at 1.1930 is not surpassed, the risk of the break below 1.1875 remains high.

GBP/USD Intraday: turning down.
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Pivot: 1.2995
Most Likely Scenario: short positions below 1.2995 with targets at 1.2900 & 1.2865 in extension.
Alternative scenario: above 1.2995 look for further upside with 1.3020 & 1.3045 as targets.
Comment: the RSI shows downside momentum.

USD/JPY Intraday: under pressure.
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Pivot: 109.95
Most Likely Scenario: short positions below 109.95 with targets at 109.00 & 108.65 in extension.
Alternative scenario: above 109.95 look for further upside with 110.25 & 110.65 as targets.
Comment: the RSI shows downside momentum.

AUD/USD Intraday: bullish bias above 0.7940.
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Pivot: 0.7940
Most Likely Scenario: long positions above 0.7940 with targets at 0.7995 & 0.8020 in extension.
Alternative scenario: below 0.7940 look for further downside with 0.7920 & 0.7890 as targets.
Comment: the RSI is mixed to bullish.

Gold spot Intraday: further advance.
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Pivot: 1329.00
Most Likely Scenario: long positions above 1329.00 with targets at 1343.00 & 1350.00 in extension.
Alternative scenario: below 1329.00 look for further downside with 1322.00 & 1316.00 as targets.
Comment: the RSI is bullish and calls for further advance.

Crude Oil (WTI) (V7) Intraday: key resistance at 47.65.
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Pivot: 47.65
Most Likely Scenario: short positions below 47.65 with targets at 46.90 & 46.55 in extension.
Alternative scenario: above 47.65 look for further upside with 47.95 & 48.20 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Macquarie Group: 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: 87.50
  
• Our preference: short positions below 87.50 with targets at 81.00 & 77.15 in extension.
  
• Alternative scenario: above 87.50 look for further upside with 91.50 & 94.00 as targets.
  
• Comment: the RSI shows downside momentum. The stock broke below the bullish channel and the lower boundary of Bollinger Bands. Both 20-day and 50-day moving averages are declining.
  

First Trust ISE Chindia Index Fund (FNI): supported by a rising 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 36.8
  
• Our Preference long positions above 36.80 with targets at 40.30 & 41.30 in extension.
  
• Alternative Scenario below 36.80 look for further downside with 36.00 & 34.50 as targets.
  
• Comment the RSI is mixed with a bullish bias. Prices broke above a flag pattern.
  

First Trust ISE-Revere Natural Gas Index Fund (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 20.65
  
• Our Preference short positions below 20.65 with targets at 18.55 & 17.50 in extension.
  
• Alternative Scenario above 20.65 look for further upside with 21.75 & 22.85 as targets.
  
• Comment the RSI is capped by a bearish trend line.
  

First Trust Capital Strength ETF (FTCS)

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Breakout to the upside.
Regarding the chart:
* Prices have broken above an ascending triangle pattern.
* As long as prices remain above their 50-day moving average, we expect further upside.

Regarding technical indicators:
* The RSI broke above a declining trend line.

Trading strategy
Buy @ $47.16 - Stop loss @ $45.7 - Target @ $48.85

Westpac Banking Corp: 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: 32.85
Our preference: short positions below 32.85 with targets at 30.35 & 29.40 in extension.
Alternative scenario: above 32.85 look for further upside with 34.00 & 35.30 as targets.
Comment: technically the RSI is below its neutrality area at 50.

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

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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: 5640.00
  
• Our preference: long positions above 5640.00 with targets at 5835.00 & 5900.00 in extension.
  
• Alternative scenario: below 5640.00 look for further downside with 5575.00 & 5505.00 as targets.
  
• Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
  

Further upside on the rise

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Regarding the chart:
* Prices have broken above a symmetrical triangle pattern.
* As long as prices remain above their 50-day moving average, we expect further advance.

Regarding technical indicators:
* The RSI broke above an ascending triangle pattern.

Trading strategy
- Buy @ $27.68 
- Stop loss @ $26.1 
- Target @ $29

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

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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: 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.

Upside momentum to record highs

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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.

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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: 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.

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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: 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.

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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 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.

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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 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.
  

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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.

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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: 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

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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.

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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: 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.

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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: 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.