Good morning all
@peter.farmer
No real updates, which is good as CommSec dealers confirmed they would route my orders to Chi-X after 10:00am but before the ASX open for any particular stock, BUT you have to place the order when Chi-X is open since Chi-X don't do pre-market orders. And if there is no liquidity there, it would then route to the ASX which you'll then be able to see on the depth. Their order of routing: ASX Centrepoint, then Chi-X, then ASX last. Well that is for CommSec, might be worth checking how your broker routes orders, I'm still yet to check my other brokers but will do soon. Hope that helps.
Day/Swing trading ideas (charts below):
OPENING PHASES FOR ASX (Chi-X complete open 10:00am)
___A PHASE (10:00:00 +- 15 seconds)
AC8 - Closed gap 325 and had it's first green day yday, if medical cannabis is still hot, could simply run from here. Watching break out of yday's high for entry.
AVZ - Broke above 28/29 yday with strong vol, could continue and make a run to test highs.
BMG - 2 tick range 11-13 still in play. Watching for a break out.
___C PHASE (10:02:15 +-15 seconds)
EPM - Trading at the level at 8, 1 tick range, break out may test highs again. Will aim to grab 9 when it is breaking through.
FMS - Closed an intra-day gap at 66 and bounced off that, forming a high at 77 for 2 days. Yday broke lower but traded higher, that's a 2nd test and rejection of the lows. Could rally higher from here. Aggressive entry at 75 possible too.
___G PHASE (10:04:30 +- 15 seconds)
LIT - Bounced off 140 level, forming a minor R level 175, watching a break out for the next leg up.
LVT - 18-20 range break out still in play.
MND - Posted last few days now. Bear trap has led to the rally, closed higher yday, formed an inside narrow-range candle setup, a break out could make new highs very quickly. Beware of a false break though, but the good vol suggests that is unlikely. However, spotted a circa. 150k sell iceberg order at 13.00 where it closed yday. I'll be watching it break/disappear before entering/adding.
MTH - Trading at level 6, good vol yday, despite selling into 6. If the accumulators have grabbed enough at 6, they may be ready to push it up through 7 for the full fill and make a FOMO run.
___N PHASE (10:06:45 +- 15 seconds)
RVY - 30 looking like a strong level to break for new highs. Possible target 35.
___S PHASE (10:09:00 +- 15 seconds)
UEQ - Still watching 17 so I don't miss it like I did with 14.
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