ASX Playbook

ASX Stocks, Fundamentals & Technicals.
Not Financial Advice.

[ASX Playbook @ASXPlaybook]

$cba.ax $cba

Currently in stage 3 topping process where sellers slowly take control.

Next stop stage 4 where buyers get molested.

It’s been a long time coming but Aus RE market is in a bad way. Unemployment is going much higher.

Bulls are always the loudest in stage 3.

[ASX Playbook @ASXPlaybook]

@ThrillTrades If we break to the upside, Australian households are going to get raped.

The sadist in me wants it higher…

[ASX Playbook @ASXPlaybook]

@ryu_tay $rea.ax $rea

Print it out and staple it to your forehead.

Massive stage 3 top

[ASX Playbook @ASXPlaybook]

@GardnerRhod @realhagetaka $nab.ax
The chart doesn’t look half as bad as CBA does.

All depends how bad the RE down turn is and no way of knowing that until labour market has fully deteriorated.

IMO unemployment rate is going much higher and will drive recent migrants to remigrate.

[ASX Playbook @ASXPlaybook]

$cba.ax $cba

Currently in stage 3 topping process where sellers slowly take control.

Next stop stage 4 where buyers get molested.

It’s been a long time coming but Aus RE market is in a bad way. Unemployment is going much higher.

Bulls are always the loudest in stage 3.

[ASX Playbook @ASXPlaybook]

@GardnerRhod @realhagetaka Yes that’s true, however global hedge funds absolutely dwarf super funds, and they will be piling on the short side once it’s in a clear downtrend.

Like going to the beach trying to hold back the waves.

[ASX Playbook @ASXPlaybook]

@GardnerRhod That’s where you’ll be looking to get long? Or your short targets?

[ASX Playbook @ASXPlaybook]

$aru.ax $aru
Massive cup and handle shaping up.
Looks like $lyc.ac $lyc before its big uptrend.

Rare earths are looking good.
$remx trying to breakout of a massive base.

These things are volatile and can have huge moves.

Best to date and not to marry tho.

[ASX Playbook @ASXPlaybook]

@Sw197843 It’s a leader and it’s on the way to 80c before consolidating. $gln.ax $gln

[ASX Playbook @ASXPlaybook]

@tbones2013 Long end looks to be bottoming.
Will take a while to finish basing tho.

[ASX Playbook @ASXPlaybook]

@Crowded_Mkt_Rpt I can’t find a single person bullish the upcoming IPOs, all I see are bears everywhere.

The wall of worry is massive.

[ASX Playbook @ASXPlaybook]

@DonDurrett It’s a crime that you don’t have $usl.ax @USL_UnicoSilver on that list @DonDurrett

[ASX Playbook @ASXPlaybook]

@DaveTaylorNews It’s a bull market after all.

[ASX Playbook @ASXPlaybook]

@ShitValueFund Honestly mate, I hope for your sake it does, however the head and shoulders is a very predictable topping pattern.

Happy to be proven wrong, but don’t hold onto this below 19c and whatever you don’t average down.

[ASX Playbook @ASXPlaybook]

@realhagetaka A few stage 3 examples (CBA currently) before heading into stage 4 disasters.

$mtm.ax being earliest stage 4 but going much lower.

[ASX Playbook @ASXPlaybook]

@MustStopMurad Murad doesn’t stop.

[ASX Playbook @ASXPlaybook]

@BradJamin3 Australia is the property of the British crown, if you don’t believe this just think about what happened to Gough Whitlam.

So it makes me think, is this policy coming from the halfwits in Canberra? Or the real owners of this country?

[ASX Playbook @ASXPlaybook]

@realhagetaka Here’s another one. $fhe.ax $fhe

[ASX Playbook @ASXPlaybook]

@realhagetaka A few stage 3 examples (CBA currently) before heading into stage 4 disasters.

$mtm.ax being earliest stage 4 but going much lower.

[ASX Playbook @ASXPlaybook]

@StocksFormula In your opinion, is this the stage where the “lower tier” silver companies begin to outperform the higher quality and bigger cap names?

[ASX Playbook @ASXPlaybook]

@realhagetaka A few stage 3 examples (CBA currently) before heading into stage 4 disasters.

$mtm.ax being earliest stage 4 but going much lower.

[ASX Playbook @ASXPlaybook]

@wilson_trades You’re right, looks brilliant.

However once the sector turns lower which it is, I wouldn’t wanna be long any financials.

[ASX Playbook @ASXPlaybook]

@realhagetaka Once it breaks below the neckline around 141 it will bounce back over it and then well and truely enter stage 4 disaster & headed to 111sh for rest before heading lower.

It’s tempting to short now but for me I’d short after the neckline retest, yellow box.