Stock Charts

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Trading Room – Entry Signal Results – CSL

Monday, March 16th, 2009

Towards the end of last month I posted on CSL. A long term, small trade opportunity. This was a trade taken in the advanced trading room. Let’s take a look at where it sits now. To re-cap, below is the chart that was posted with the last entry on CSL. As we can see, there [...]

Bullish Signal For Small Run

Tuesday, March 10th, 2009

Last week I touched on STO as a bearish stock with a possible longer term small trade. This week it has broken north. What does this mean? Some people may mistake this break up as the stock now being bullish. But if you look further in to the weekly chart you will see a significant [...]

NAB Downtrend

Tuesday, March 10th, 2009

Since the beginning of the fall of the XAO in late 2007, many stocks have been back to lows not seen for quite some time. Today NAB clearly broke through a weekly support level with a bounce off a downtrend channel top, with increased volume. The weekly chart show there is no significant support to [...]

Trending Chanel – Trading Strategies

Thursday, March 5th, 2009

  Sometimes, the simplest and most obvious of strategies can give the best results. Here is one simple one that is producing many opportunities in this climate now. As a stock confirms a channel, identify the direction of up or down. If it is a down trending channel, look for small positions only and long [...]

Short Term Trade – LEI

Monday, March 2nd, 2009

At the beginning of October Last year, and large Head and Shoulder Pattern (H&S) was Identified and confirmed on the weekly chart of LEI. This set the stock up for a longer term view of bearish, with a likely target of $12.00. This week, LEI has hit the top of a downtrend channel and weekly [...]

Double Top – Charting Patterns

Monday, March 2nd, 2009

Each week the XAO is breaking support and continuing to show us bearish signals, which support the medium term flag break target (identified 15/01/09) of around 2500. This week saw the confirmation of a double top. The neckline is a weekly support line that was breached on Monday, with the rest of the week re-testing [...]

Support and Resistance

Friday, February 27th, 2009

Support and Resistance lines taken from a weekly chart are considered to be stronger than medium term daily support. This is why taking a small term trade off these support levels give higher probability trades. Here is a case scenario built on ORI. Long Term trend is down. Medium term trend is down. Small term, [...]

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