Archive for October, 2008
Next Entries »What a week!
Tuesday, October 14th, 2008Last week (6 – 10 Oct, 2008) saw some pretty wild happenings on global Stockmarkets. We had some record down days, with just about every market around the world capitulating on Friday. I’m sure by now everyone who takes an interest in all things financial will be pretty sick to death of reading about it, [...]
BXB downtrend channel
Tuesday, October 14th, 2008For some time now BXB has been in a down trend channel, as seen in the daily chart below. (click on image to enlarge) Since June this year, the stock has formed an Inverted Head and Shoulders (IN H&S), which is a bullish sign. Confirmation of the IN H&S will be a break of [...]
Head and Shoulders
Tuesday, October 14th, 2008Last month we looked at the Head and Shoulders (H&S) pattern that had formed on the XAO. The week commencing 15/09/08 was a confirmation bar, of a Lower Peak(LP) below the key Moving Average (MAV), so that meant the XAO had LP and LT below the MAV (a very bearish signal) as well as the [...]
Support for ASX?
Tuesday, October 7th, 2008ASX is currently trading in between weekly support/resistance lines. With no major support around the current trading price, it is likely the stock will continue to fall to the next support. Should ASX bounce off this support, the next form of resistance is around $34-$35. This is also an area where a weekly trend line [...]
Moving Averages
Tuesday, October 7th, 2008Anz is currently respecting the $19.50 weekly support/resistance line with several recent touches. The next few days will tell us if the stock is strong enough to push through. There are some small term bullish indications on the chart now, even though the over all sentiment is bearish. The Hight peaks (HP) and Higher Troughs [...]
Support and Trendlines
Monday, October 6th, 2008When analysising a stock it is usually for the purpose of looking for a trade, but we should also be able to see when a stock is not brilliant for trading. AMP is not trading in a fantastic area of the chart right now. If we take a look at the weekly chart, the first [...]
How to Find Chart Patterns
Sunday, October 5th, 2008Technical Analysis is essentially looking at the history of charts and recognising that certain patterns consistently result in a high probability outcome. Though you can take any chart without knowing what stock it is, apply the same principles and receive a similar outcome, “getting to know” stocks on a individual level can result in you [...]
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