bullish signal
« Previous EntriesBuyers 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 [...]
XOA Showing Signifacant Bullish Signal
Monday, June 29th, 2009Early in the week, the XAO had heavy moves to the down side but managed to gain back most of the losses by the close of session Friday. In all the talk about how far the market could fall, was there signs it would be small lived? As seen in the daily chart below the [...]
Buyers Coming into JHX
Thursday, June 25th, 2009When considering a position in the Market, know if the buyers or the sellers are in control, is key. Technical Analysis techniques can help us determine who has the control. Peaks and Troughs is a very powerful tool to use when looking at who is in control. Higher Peaks and Higher troughs tells us the [...]
TOL Forming a Double Bottom?
Sunday, June 21st, 2009TOL has been making consistent Higher Peaks and Higher Troughs in a channel since the beginning of March. Now at a significant support what could be the next possible target for this stock? A potential Double Bottom could forming on the $6.45 weekly support line. Should this be validated with another Higher Trough it is [...]
LLC Makes a Head and Shoulder Pattern
Friday, June 12th, 2009LLC has been channelling down since February 2008. Now the stock ha broken free from this channel what can we expect? Late March of this year LLC broke out of a 16 month down trend channel to form the right hand shoulder of an Inverted Head and Shoulder pattern (INH&S). The neck line is at [...]
Harvey Normal Turning Bullish?
Monday, June 8th, 2009HVN (Harvey Norman) is looking stronger in the weekly chart, with indications the Bulls are back in control. After breaking free of the down trend channel that has been valid for 12 months, not only was the first Higher Peak (HP) formed but this week’s closing bar was a confirmation of a Higher Trough [...]
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