Sept 2013

Wednesday 25th September:

Aussie stocks are still holding above their key support.

XJO: S&P/ASX 200

XAO: All Ordinaries

Some stocks have caught my eye again here:

ANZ: is trying to break above a major high of $32:

 

 

BXB: Brambles: rallied after a recent triangle break BUT notice on the monthly chart how price paused at the 50% fib level. It’s having another go though now:

 

LEI: Leighton Holdings: a triangle break might be building here:

 

 

 

WPL: Woodside Petroleum: this has had a triangle break but $40 seems key resistance. Look for a close above this level:

 

 

NAB: has made a triangle break but note how the 61.8% fib held this break out. Price is testing this again though now:

 

RIO: Rio Tinto:  a monthly triangle break looks to be trying to build here. Watch for trend line breaks:

 

 



Sunday 15th September:

The major Aussie indices have held above the key S/R level of 5,200 for this week:
XJO: ASX 200

XAO: All Ordinaries

The XSO is comprised of companies included in the S&P/ASX 300 index, but not in the S&P/ASX 100 index. This index provides a benchmark for small-cap investments. It still shows a potential bullish ‘inverse Head & Shoulder’ pattern setting up on the daily chart:

Monday 2nd September:

The monthly candles closed as small but bullish candles on both the All Ordinaries, XAO, and the ASX/200, XJO. Both indices are still creeping up and testing the previous resistance level of 5,200:
XAO: All Ordinaries
monthly

weekly

daily

XJO: ASX 200 

monthly

weekly

daily



The XSO is comprised of companies included in the S&P/ASX 300 index, but not in the S&P/ASX 100 index. This index provides a benchmark for small-cap investments. It shows a potential bullish ‘inverse Head & Shoulder’ pattern on the daily chart: