Hot Stocks Signals

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: 5425.00
Our preference: long positions above 5425.00 with targets at 5610.00 & 5725.00 in extension.
Alternative scenario: below 5425.00 look for further downside with 5280.00 & 5185.00 as targets.
Comment: the RSI calls for a new upleg.

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

Rio Tinto: key resistance at 63.50.
Pivot: 63.50
Our preference: short positions below 63.50 with targets at 53.80 & 52.60 in extension.
Alternative scenario: above 63.50 look for further upside with 65.50 & 67.30 as targets.
Comment: The relative strength index is capped by a declining trend line which emerged since November.

Newcrest Mining: 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: 19.50
Our preference: long positions above 19.50 with targets at 22.00 & 23.00 in extension.
Alternative scenario: below 19.50 look for further downside with 19.00 & 18.20 as targets.
Comment: The price just broke above the upper boundary of the Bollinger Band, which could signal a continuation of bullish trend.

S&P-ASX 200: 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: 5590.00
Our preference: long positions above 5590.00 with targets at 5725.00 & 5800.00 in extension.
Alternative scenario: below 5590.00 look for further downside with 5425.00 & 5330.00 as targets.
Comment: the RSI is bullish and calls for further advance.

S&P-ASX 200: 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: 5590.00
Our preference: long positions above 5590.00 with targets at 5725.00 & 5800.00 in extension.
Alternative scenario: below 5590.00 look for further downside with 5425.00 & 5330.00 as targets.
Comment: the RSI is mixed with a bullish bias.

BlueScope Steel: 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: 9.15
Our preference: long positions above 9.15 with targets at 10.42 & 10.82 in extension.
Alternative scenario: below 9.15 look for further downside with 8.90 & 8.60 as targets.
Comment: the RSI is supported by a rising trend line. The stock is trading above its 20-day and 50-day moving averages and is holding on the upside.

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: 5600.00
Our preference: long positions above 5600.00 with targets at 5800.00 & 5900.00 in extension.
Alternative scenario: below 5600.00 look for further downside with 5495.00 & 5425.00 as targets.
Comment: the RSI is bullish and calls for further advance.

Towards 30
Regarding the chart:
* The share bounced off the 26 mark on January 3rd
* Then, prices have escaped from a falling wedge pattern


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

Trading strategy
Buy @ $27.4 - Stop loss @ $25.8 - Target @ $30

Oil Search: 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: 7.10
Our preference: long positions above 7.10 with targets at 7.75 & 8.00 in extension.
Alternative scenario: below 7.10 look for further downside with 6.75 & 6.40 as targets.
Comment: the RSI is supported by a bullish trend line. The rising 20-period and 50-period moving averages are playing support roles and maintain the upside bias.

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: 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.

BHP Billiton: 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: 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: turning down.

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.

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

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.

S&P-ASX 200: 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: 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.

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.

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.

Newcrest Mining: 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: 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: consolidation in place.

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.

14:00 GMT - 09:00 NYT - 14 Feb 2017


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

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.

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: 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.

WorleyParsons: the downside 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: 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: 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: 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.

First Trust ISE Chindia ETF (FNI)
 NYT - 28 Feb 2017

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

Westpac Banking Corp: bullish bias above 32.50.

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

Pivot: 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.

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: 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.

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: 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.

Macquarie Group: 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: 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: key resistance at 5820.00.

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

Woodside Petroleum: 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: 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: 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: 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.

Beach Energy: 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: 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.