This is just a quick post with charts of two Aussie stocks that I’m stalking for any new TC LONG signal: Bluescope Steel (BSL) and Domino’s Pizza (DMP). The application of TC to stocks is new for 2018 and is a work in progress.

Domino’s Pizza (DMP):

DMP weekly: there is still a bit of a Bull Flag look to the weekly chart and price is currently trying to hold above the bottom of the weekly Cloud. Watch this for any new make or break:

DMP 15 min: It has been a bearish month for the stock:

DMP 15 min: watch for any relief rally though, or recovery bounce, and any such activity would have mee looking to the 61.8% fib, up near $52:

DMP 15 min: I’ll be watching for any new move above the 15 min Cloud and potential TC signal:

Bluescope Steel (BSL):

BSL weekly: this stock has been in an uptrend since 2015 but recent price action has been bearish.

BSL daily: price action struggled at the $20 S/R and US$ strength plus Trade War talk would not have helped here at all:

BSL daily: price has pulled back to near the daily chart’s 50% fib so watch for any new make or break at this region:

BSL 15 min: price action has been in a downtrend for the last four months:

BSL 15 min: the 61.8% fib of this recent swing Low is up near $16 S/R and so this would be the target for any relief rally or recovery bounce activity:

BSL 15 min: I’ll be watching for any new push back above the 15 min Cloud and new TC signal: