The two charts below are 1) a twelve month daily chart of AACo from Metastock using ASX data from Paritech, and 2) a two and a half year weekly chart from Incredible Charts. AAC has been a profitable investment for… Read More ›
Chart Review
CBA
This is a monthly candlestick chart of the Commonwealth Bank of Australia depicting the growth of the share-price since 1997, courtesy of Metastock and Paritech data. After forming a head and shoulder pattern in 2014 and 2015. the share-price rallied… Read More ›
Woodside Petroleum
On this daily chart of Australian oil giant Woodside petroleum, the share price looks to have consolidated in an earlier trading range between $27.90 and $29.60. An uptrend looks to be emerging within this consolidation pattern, and the share price… Read More ›
A recession proof industry? Chart review of Invocare (IVC)
I wish I had invested in ASX listed funeral industry stock Invocare, along with Healthcare stock CSL prior to the GFC, since both have still continued to trend upwards, when nearly every other stock dived. Both are still worth including… Read More ›
Will Eden Innovations (EDE) rise Phoenix-like from the ashes of its near annihilation?
Eden Energy was incorporated in May 2004 as a wholly owned subsidiary of Tasman Resources, and subsequently in 2006, listed on the ASX with ownership of the Irish based energy company Brehon Energy, who was owner in turn of Brehon… Read More ›
A tale of two stocks – Brickworks and Blackmores.
Australia’s Federal Court recently resolved a dispute between Australia’s premier financial management and trustee company Prudential Limited, and Robert Millner companies Sol Pattinson, and Brickworks with just over 40% cross-holdings in each other. Legal counsel for Prudential argued that such… Read More ›
How goes it Aveo (AOG) now?
Aveo, with ninety retirement complexes in five states, and about 13,000 residents, is Australia’s largest listed provider of aged care. FKP Property was a diversified property trust which in 2013, after 3 years of a falling share-price, and cessation of… Read More ›
Boral Limited completes Headwaters acquisition – Chart Review
Completed May 8 2017, it has been no mean feat for Boral. Headwaters, a concrete products manufacturer located near Houston Texas had a high price tag of US$ 2.6 billion, but its revenue for 2016 was US$ 1.1 billion, and… Read More ›
Selling retail shareholders short – A chart review of Admedus
Security selection is easy for traders. Almost any market/security will do. So long as it is moving. Their problem is to determine the direction of movement, capture the trend, and exit before it changes. It may sound easy but… Read More ›
Chart Review – Iluka Resurces (ILU)
Mineral sands explorer Iluka Resources attracted market attention today, gapping sharply higher at the open, and recording a 13% rise for the day, to reach a high of $8.32. This rise comes in the wake of an excellent quarterly report…. Read More ›
