Stock Charts

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MAP Turning Bullish – Moving Averages Confirm Bull Signal

Thursday, July 9th, 2009

MAP 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, 2009

The 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 [...]

XAO Uptrend Channel Continuation

Sunday, June 21st, 2009

This week saw the XAO pull back strongly off the top off the current uptrend channel. Will next week continue the pull back or is there enough support to have it bounce back. The pull back this week is a continuation of the uptrend channel. This was stronger than the previous support level at 3900. [...]

XAO Now in an Up Trend Channel

Friday, June 19th, 2009

April saw the XAO break the 12 month down trend. Where is the next significant resistance we are likely to see a pull back. After breaking through resistance at 3700 and the 12 month down trend, the XAO has now formed an up trend channel. The next major resistance is an intersection of the over [...]

NAB in Consolidation Pattern

Wednesday, May 27th, 2009

  March and early April saw all the banks rally hard with the rest of the market. After this rally there are signs of weakening in many. NAB is one of those stocks. Nab found resistance at $23.50 after the rally. This resistance level has been valid as far back as 1999 and is also [...]

STO Pennant Formation

Thursday, May 7th, 2009

At the beginning of the year I did an analysis of STO. It showed strong resistance and high probability of running down at the 50% or 61.8% Fibonacci level. Where is it at now? STO did manage to continue up past the 61.8% Fibonacci level, but not very far before encountering the current resistance. It [...]

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 (MAV). Nearly [...]

Moving Average acts as Support and Resistance

Tuesday, April 14th, 2009

CGG (Citadel Resource Group Limited) is another resource stock that is indicating it want 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 [...]

Dow Jones Reaches Pinnacle Point of Resistance

Wednesday, April 8th, 2009

With America’s economy seeming to have some level of influence in the world economy, I thought it would be brilliant to see what the Dow Jones (DJI) chart looks like. Last week the XAO closed on an area of a pinnacle point (see last post). Should it break up we are likely to see alot [...]

Bearish Chart Pattern – Double Top

Monday, April 6th, 2009

The end of this week saw the XAO break above the 12 month down trend channel. Does this mean we can expect the XAO to climb higher? Not yet. Though it has broken free of this channel it is still being held down by a strong weekly support. If this resistance is respected once again, [...]

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