Aug 2013

Wednesday 7th Aug:

I have reviewed the two main Aussie stock indices and updated trend and support lines. Both indices seem to be trading in a bullish ascending triangle pattern. These are often bullish continuation patterns. Both have struggled at the 5,200 level before and I would expect a similar struggle to occur again before any possible continued move upwards.

XJO: ASX 200

 

XAO: All Ordinaries