Jiming Huang / Blog
It’s a bullish start of the week for Australian equities and a good kickoff on public holidays. The Reserve Bank of Australia (RBA) policy minutes have already had an effect, but the recent quarterly inflation data releases is a confirmation that the RBA next step will be a rate cut...
Pivot (invalidation): 65.60 Our preference Long positions above 65.60 with targets at 66.35 & 66.60 in extension. Alternative scenario Below 65.60 look for further downside with 65.25 & 64.70 as targets...
Pivot (invalidation): 14.8500 Our preference Short positions below 14.8500 with targets at 14.7300 & 14.6600 in extension. Alternative scenario Above 14.8500 look for further upside with 14.9100 & 14.9800 as targets...
Pivot (invalidation): 1273.00 Our preference Short positions below 1273.00 with targets at 1266.00 & 1262.00 in extension. Alternative scenario Above 1273.00 look for further upside with 1276.50 & 1279.50 as targets...
Pivot (invalidation): 2920.00 Our preference Long positions above 2920.00 with targets at 2942.00 & 2953.00 in extension. Alternative scenario Below 2920.00 look for further downside with 2910.00 & 2895.00 as targets...
Pivot (invalidation): 12170.00 Our preference Long positions above 12170.00 with targets at 12290.00 & 12339.00 in extension. Alternative scenario Below 12170.00 look for further downside with 12110.00 & 12063.00 as targets...
Pivot (invalidation): 5.8200 Our preference Long positions above 5.8200 with targets at 5.8750 & 5.8900 in extension. Alternative scenario Below 5.8200 look for further downside with 5.8000 & 5.7850 as targets...
Pivot (invalidation): 0.7080 Our preference Short positions below 0.7080 with targets at 0.7000 & 0.6970 in extension. Alternative scenario Above 0.7080 look for further upside with 0.7100 & 0.7120 as targets...
Pivot (invalidation): 1.3410 Our preference Long positions above 1.3410 with targets at 1.3475 & 1.3495 in extension. Alternative scenario Below 1.3410 look for further downside with 1.3390 & 1.3375 as targets...