Technical Analysis

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Bottom of the Market?

Friday, April 3rd, 2009

There is a lot of talk about this being the bottom of the market. So how do we really tell when a bearish stock has become a bullish stock? In previous posts I have spoken about peaks and troughs. Higher Toughs (HT) are an indicator the bulls are in control as each low is higher [...]

BXB – Broken Support lines

Wednesday, April 1st, 2009

In small term trading, a go of 2-5% on the price of a stock can produce brilliant results on most styles of trading, options, cfd’s etc. When referring to a clear go, small term traders are looking for that 2-5% go without anything to slow down the stock, such as trend line support or resistance. [...]

Short Term Stock Rebound?

Monday, March 23rd, 2009

The XAO has had a bull run for the last 2 weeks and people have been calling the bottom. I’m not as quick to do so. There’s  still no solid signs of buyers being in full control again. This is more likely to be a dead cat bounce. Why do I say that? Read on [...]

CBA Forming Inverted Head and Shoulder Pattern

Friday, March 20th, 2009

CBA has started to show some strength of late with a bearish reversal pattern on the weekly/daily chart. Just as a Head and Shoulder(H&S) pattern is a reversal for a down trend about to start, an Inverted H&S is a reversal for an up trend about to start. CBA has currently met the resistance of [...]

Materials Sector in a Bear Market – XMJ

Monday, March 16th, 2009

The Materials Sector has had a lot of people saying its brilliant investing as it’s holding its own now in this bear market. So let’s take a look and see what the charts are telling us. If looking at the daily chart of the materials sector (XMJ), it would be simple to see why so [...]

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 [...]

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