ASX Shares ASX Stocks Leading XJO

Discussion in 'Shares & Funds' started by Alex Straker, 20th Nov, 2017.

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  1. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    XRO Update :) :) :) Are we having fun yet?

    +30% in under 2 months I am definitely taking some off the table tomorrow.

    XRO Update 1FEB18.png

    No advice
     
    Last edited: 2nd Feb, 2018
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  2. L3ha7

    L3ha7 Well-Known Member

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    I have already took 'em off the table ;)
     
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  3. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    GXY Update

    Caution: world indices starting to show signs of a new downtrend.
    GXY 8FEB18.png

    No Advice
     
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  4. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    ASX12FEB.png
     
    Last edited: 12th Feb, 2018
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  5. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    GXY & BIG Update

    GXY is very close to profit target, consider stop loss to lock in some profit or if you are happy with around +12% in 8 days (depending on your entry) you could take it now.

    GXY
    GXY 16FEB18.png

    BIG has had a strong impulse down recently and made me re-think my original wave count. This has been updated and new levels mapped out, however caution is needed when the retracement has run this deep and strong plus markets have become generally volatile. I normally prefer a maximum retracement of 61.8% but in this case the retracement is still in the area of wave 4 so still within the bounds of a normal Elliott retracement.

    BIG
    BIG 16FEB18.png

    Portfolio Update
    Portfolio16FEB18.png


    No advice
     
    Last edited: 17th Feb, 2018
  6. L3ha7

    L3ha7 Well-Known Member

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    XRO is 35.99 .....now i am thinking if 28 something was a good price to sell lol ;)
     
  7. Alex Straker

    Alex Straker Financial Life Coach Business Member

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  8. sharon

    sharon Well-Known Member

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  9. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    Weekly RRG upload_2018-6-5_18-23-12.png
    Daily RRG
    upload_2018-6-5_18-23-39.png

    BAL nearing completion of wave C (end of major retracement)
    upload_2018-6-5_18-36-28.png

    Generally I am expecting bearish conditions over the coming months but there will always be a few standouts that may buck the trend. BAL has had massive strength this year and is setting up for a potential leg higher with excellent pattern characteristics. Look for a bounce from the $15 zone around 20/21 June as confirmation of end of wave C.

    No advice
     

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    Last edited: 5th Jun, 2018
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  10. KayTea

    KayTea Well-Known Member

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    You always make the most amazing use of graphical analysis to support your discussions, @Alex Straker. 10 years ago, I would have devoured them. Now, I'm just so tired and brain that that I'd rather give you all my money and say "Just do with my $ what you're busy doing with your $".
     
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  11. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    BAL looking attractive

    upload_2018-10-17_15-41-30.png

    After leading XJO strongly in 2017/18 it has been through a lagging period and is now just coming back in to the improving quadrant.

    upload_2018-10-17_15-40-7.png

    Technically this looks very well set up however the general market could be volatile for a while yet so common sense is king ATM.

    No advice.
     
    Last edited: 17th Oct, 2018
  12. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    CUV has been a very strong stock and for many weeks leading XJO dramatically.

    upload_2018-10-26_4-20-5.png

    Recently published a couple of buy alerts for CUV, here's the chart that first went out to clients 2JUL18 with specified preferred buy level of $9.97 - $10.05

    A couple of weeks later it was over 50% gain and we advocated taking some profit. The gain reached over 100% in around a month.

    Another opportunity is coming up around $15 but needless to say be careful in these conditions :) upload_2018-10-26_4-18-11.png

    No Advice
     
  13. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    Current Sector Map!!!!

    More like the 'Last Men Standing' :eek: That green growing patch in the lower right quadrant is the last remaining sector with some strength right now and that is the GOLD sector. Well what da ya know.....someone's buying up gold related stocks ;)

    upload_2018-10-31_19-2-19.png


    First rotation in to strength in this recent trouble was Telecommunications sector......

    Second one was Gold.......

    upload_2018-10-31_19-7-29.png


    This is a pattern of sector rotation behaviour I know only too well, it's called defence :)


    No Advice
     
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  14. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    CUV Update (see post 26OCT18)
    upload_2018-11-1_18-15-14.png

    Hit buy zone at $15 and now in profit over 14% in a few days with major potential still left :)

    Could use a stop loss at breakeven now for a risk free look at potentially much higher.

    No Advice
     
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  15. Pier1

    Pier1 Well-Known Member

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    Love your work @Alex Straker, quick question how do the harmonic arcs etc. work with volatile and obviously other factors at play like CTD?
     
  16. Alex Straker

    Alex Straker Financial Life Coach Business Member

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    @Pier1 principles are universal and always work, even worked on Bitcoin. High volatility just means the market will make more extreme harmonic extensions so higher or lower octaves are reached.
     
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