Archive for April, 2009
« Previous EntriesDow Jones Showing Signs Of Weakness
Thursday, April 30th, 2009
Over the past weeks the Dow Jones (DJI) has been rallying but showing signs of weakness. Last night was another strong bullish up day but does that mean it is breaking up again?
Not yet! When looking at the daily chart the weakening of the rally can be seen as the DJI consolidates under 8200. Though [...]
BSL – Down Movement
Wednesday, April 29th, 2009
BSL is another stock that recently rallied with the strength of the market, but is now showing significant signs of continuing with the overall bearish trend.
As the rally tried to break through the 4 month down trend it lost strength and failed to make a higher peak or higher trough above the trend line. This [...]
XAO Going Sideways?
Monday, April 27th, 2009
This week we saw the XAO start to retreat a little. If this weeks closing bar is placed on the weekly chart from last week, with the exact same trend lines, you will see how strong the resistance is at play right now.
This leaves the analysis for coming weeks much the same as last week [...]
Strength in a Bear Market
Friday, April 24th, 2009SDL – Sundance Resources Limited, is another resource stock show strength in the bear market.
On the weekly chart, the stock has been slowly rising creating a small Inverted Head and Shoulder Pattern (INH&S). The neckline is at $0.10 which is also a significant resistance line. Should the stock break above this we could expect a [...]
AMP Bullish? Or Will the Bear Still Win?
Friday, April 24th, 2009
AMP has had a strong Bull run over the past few weeks, but the stock shows no signs of strength in the move. This is still a bearish stock. The weekly chart tells the story.
The stock has been in a strong down trend channel for the last 18 months. The recent strong rally has been [...]
XAO Bottom? 12 Month Downtrend Broken
Friday, April 24th, 2009The XAO has recently broken a 12 month down trend line which will create a Higher Peak (HP). This is an indication it is gaining strength. But is this the bottom?
Though the charts are showing some strength there is not enough confirmation to call a bull market yet. Let’ look why. The overall down trend [...]
The Importance of Moving Average Indicators (MAV)
Monday, April 20th, 2009
No matter what style of trading or investing you do, there should always be more than one reason to take a position on a stock to ensure you are stacking the odds in your favour thus securing a long term future in trading.
A very powerful tool to use is Moving Averages [...]
Point of Resistance For ANZ?
Thursday, April 16th, 2009
After some week of a bull run on the market, there are signs that things could be trying break out of the bear run. It is times like these, reading the market is crucial and understanding what could happen, so we may be ready for if it happens.
To build a case scenario so we are [...]
Moving Average acts as Support and Resistance
Tuesday, April 14th, 2009CGG (Citadel Resource Group Limited) is another resource stock that is indicating it would like to climb higher. Let’s take a look at the weekly chart.
The stock started back in 2001 and had some down moves until 2003 when it started to climb again. The long term trend is up dating back to 2003 and [...]
Easter Stock Market 2009
Monday, April 13th, 2009This week was a short week on the XAO, with the Easter long weekend and an early close on Thursday.
In the news, the reserve bank dropped interest rates by 0.25% but banks are keeping most of it, ANZ only passing on 0.1%. This had not much affect on the charts. Looking at last weeks chart [...]
