Technical Analysis
« Previous EntriesXOA 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 [...]
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 [...]
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 [...]
XAO Uptrend Channel Continuation
Sunday, June 21st, 2009This 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, 2009April 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, 2009March 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 [...]
Fibonacci Numbers in Trading
Tuesday, May 5th, 2009The Fibonacci retracements pattern is a powerful tool used by technical traders to identify reversals on a stock chart. Let’s take a look at the Fibonacci sequence and show some examples of how you can identify this pattern. Fibonacci numbers were developed by Leonardo Fibonacci and it is simply a series of numbers that when [...]
The Importance of Moving Average Indicators (MAV)
Monday, April 20th, 2009No 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, 2009CGG (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 [...]
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