Planet Wealth - Australian Stock Market Education » MAP Turning Bullish – Moving Averages Confirm Bull Signal http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Thu, 29 Jul 2010 10:04:24 +0000 en hourly 1 http://wordpress.org/?v=3.0 MAP Turning Bullish – Moving Averages Confirm Bull Signal http://planetwealthblog.com.au/map-turning-bullish/ http://planetwealthblog.com.au/map-turning-bullish/#comments Thu, 09 Jul 2009 01:29:55 +0000 Planet Wealth http://planetwealthblog.com.au/?p=701
MAP Turning Bullish Moving Averages Confirm Bull Signal

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 taken control.

The third indication that the trend could be changing has happened in the last two week with the two well respected Moving Averages (MAV”s) crossing over to a bullish move.

080709 mapaa 11 MAP Turning Bullish Moving Averages Confirm Bull Signal

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