I have chosen PMP Limited for chart analysis from the stocks in which I have positions. This post is current at present, and is a personal assessment. It is general information only, and not a recommendation to buy or sell…. Read More ›
Technical analysis
Market Focus – April 5, 2013
Long only investors who hoped that the retracement would be brief, and that the market would quickly resume its uptrend, would have been disappointed by the down-turn yesterday and today, breaking support at 4950. On technical groups, the… Read More ›
Weekly Aussie Focus, 22 March 2013
Weakness on the weekly chart of the XJO A week ago, a Doji candlestick reminded chart watchers to take some profit from “off the table”. The doji on its own is not aways relevant, particularly if there are others in the vicinity. A Doji after a prolonged… Read More ›
Market Focus March 13, 2013. ?A Time to take some profit off the table.
Most trading days do not alter the prevailing market sentiment. Although this may be bullish, bearish or neutral, there is a daily variation as participants oscillate between optimism and pessimism according to winds of economic change from day-to-day. Mostly these… Read More ›
A Make or Break Year for Allied Healthcare Group
Allied Healthcare Group is the stock chosen for chart analysis this week-end, as one of the stocks in my share-portfolio. It came to my attention a few weeks ago as a minnow biotech stock with potential to transform over the next few… Read More ›
Buyers hoist Hills Holdings’ Share Price.
On Friday February 1 Hills Industries closed at 95.5c having been in a trading range between 84 and 96c for the last 3 months. Today at the open the price gapped 1.5c to 97c. Buyers then bid the share price… Read More ›
Chart Analysis for IOOF Holdings, Jan 27, 2013
IOOF Holdings (IFL) has been chosen randomly for chart review. Company profile The Independent Order of Odd Fellows is a friendly society that started in Melbourne in 1846. It was demutualised in 2002 and floated Dec 5, 2003 at $3.15. It… Read More ›
Chart analysis for Crown 16/01/2013
TA landmarks Earliest data December 2007 High was $15 Most recent data, January 2013 Close 15/01/13 was $11.64 Low following GFC was $4.18 in November 2008 Dominant trading pattern was a trading range between $7.32 and $9.44, for three… Read More ›
Technical Analysis – A tool for Adumbration, not the Prediction of Market Movements
John Murphy, respected author of the textbook “Technical Analysis of the Financial Markets” defined Technical Analysis as “the study of market action, primarily with charts, for the purpose of forecasting future price trends”. The first of the three premises on which he considers technical… Read More ›
