9 ASX Stocks to watch if the ASX200 starts to rally higher!!

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The ASX200 may be on the brink of a rally so time to take a look at some shares!

The ASX200 is showing some bullishness in a generally longer term bearish market. I feel that the bargain hunters are out to play and the Index may have a run higher thanks to the easier stance from the RBA on interest rate rises.

With the US going into earnings, I expect that they will generally be supported which may flow over in to our local market.

Expect that investors will continue to be cautious and the ASX200 susceptible to selloffs in the US so I remain tentative on longs and happy to utilise tight risk management.

Below is a chart of the ASX200 which shows that we are currently holding a higher low off a major double bottom and setting for a run up into the 7031 level….enough to get patient bulls excited.

So it may be timely to look at some prime price action setups that could provide some shorter term trading opportunities on the ASX (charts below on a daily basis and only take into account the technical price action not any fundamentals). Note that each stock has a Market Cap between 400 Million and 2 Billion.

Happy Trading!!

Braden

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Disclaimer: the contents of this post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.

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