The Australian Stock market seems to be under valued when compared to the US Stock market. US stocks have retraced more than 80% off their 2009 lows whereas Aussie Stocks have retraced less than 38.2%:
Saturday 13/10 12
I’ve updated the charts of the stocks looked at before on the 17/9. Some new ones are in there too.
BHP: has broken out but hasn’t done too much.
MQG: has moved on
NAB: has also broken out and now up
NCM: maybe building up still?
RIO: looking interesting still
WES: hasn’t done too much
QBE: breakout looming?
TSE: maybe a bought Put opportunity!
VOC: a classic breakout and up pattern
WOW: drifting up
CBA: worth watching for a potential breakout and up?
TLS daily: looking bullish?
TLS weekly: a close and hold above $4 would be quite bullish.