Hot Stocks Signals

• 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%.
  

• 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.
  

• 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.
  

• 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: technically the RSI is above its neutrality area at 50.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

• 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.
  

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

• 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.
  

• 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.
  

• 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.
  

Fortescue Metals Group: the upside prevails.

• 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.
  

ETF Trends of the Week

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