Archive for July, 2009
Buyers in Control of NWS
Friday, July 24th, 2009NWS has been in a steep down trend for the past 18 months with the sellers in control. This month has given us a confirmation that the buyers have taken over control. On the weekly chart, it can clearly be seen the down trend has been broken and a Higher Trough and Higher peak have [...]
XOA Shows Strong Bullish Signal
Sunday, July 12th, 2009The XAO rejected the Head and shoulder neckline we spotted last week and used past resistance and Moving Averages (MAV) as support for the bounce. This is currently a strong bullish signal. The next resistance level is 4050. But if support at the Mav’s and weekly support line fail, the next area of support is [...]
MAP Turning Bullish – Moving Averages Confirm Bull Signal
Thursday, July 9th, 2009MAP has been channelling down since October 2007. May 2009 saw the stock break up and out of the channel which was the first sign that a change of trend could be happening. The second indication of a possible trend change was the Higher Major Peak. A higher major trough would confirm the bulls have [...]
XOA Still Showing Bullish Signals
Saturday, July 4th, 2009The XAO this week, retraced any ground made up last week. Alot are wondering if the is a sign of the bull run ending. The small term trend is still up and this has not yet been broken. The two significant Moving Averages (MAV) have crossed over to a bullish indication. It currently sits on [...]
NAB – Turning Bullish?
Thursday, July 2nd, 2009Alot of stocks with in the financial sector have broken higher in recent weeks. Nab ha remained in a trading range of $20.00 to $22.00 since the beginning of March. A stock cannot stay in a trading range permanently. Usually the longer the stock stays in the trading range the stronger the breakout. NAB has [...]
