Tues 22nd Oct
Some stocks that are worth noting:
BXB: Brambles has made its first close above $9.50 since 2008!
ANZ: has closed above the $32 key S/R level:
RIO: watching this triangle
QBE: I’m watching for any close above $15:
TSE: I was going to wait for a close above $1.40 but…not now. I’m going to buy today when market opens.
Wednesday 16th October:
Time is standing still a bit whilst the world waits to see if or when the US can resolve debt issues before a default deadline. I have spent some of this slow time today, therefore, reviewing some of the more popular or better known Aussie stocks and charting those that look to have some bullish potential if, indeed, risk appetite continues.
ANZ: looking for a possible triple top or break of $32:
BXB: holding at the 50% fib level. Watching for a break and close above the $9.50:
COH: watching the bottom trend line:
IAG: $6 seems key here:
MQG: A hold above the $50 would seem bullish:
NAB: $35 seem key here
QBE: watching for any bullish follow through:
RIO: this is probably the most enticing chart pattern here. Is a triangle break looming?
SEK: a break of $12 might be significant:
STO: there might be a move brewing here from $15 to $20:
SUN: watching for bullish continuation:
TLS: The $5 is still key here:
TSE: a break and hold above the $1.40 would be important here:
WOW: is this a triple top or is $36 setting up to be a new floor:
WPL: has just had a triangle break but looking for a close and hold above the $40: