Tag Archives: Australian shares

Australia 200 – Weekly Outlook

As I write this blog, the index is testing trend line support, with a bearish double top formation potentially in play. Economic statistics may be the driving force this week as investors hunker down to the task of assessing the extent of the damage (if … Continue reading

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Australia 200 – Weekly Outlook

At the close of trade last Thursday, most commentators were assuming that a correction was under way. By Friday afternoon giving the benefit of doubt to an established trend again seemed the safer strategy. Even so, Thursday’s 2.3% decline, on high volume could be an early warning of the … Continue reading

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Australia 200 – Weekly Outlook

As we enter a new trading week, I’ve posted some thoughts on how the share market might respond to this week’s news and the upcoming reporting season plus how all this relates to the current chart position.

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Iron Ore and BHP charts – updated outlook

With the iron ore price now being a key barometer for Australian markets, it’s worth keeping an eye on the chart. To help keep readers up to date, I’ve posted the latest iron ore index chart with some of my thoughts on the outlook … Continue reading

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Commonwealth Bank – A chartist’s strategy for tommorow’s results announcement.

I posted a sell set up on CBA last Thursday. Depending on how you handle it, this position is a work in progress. With CBA’s results due tomorrow, I thought readers following this trade may be interested in a discussion on stop loss settings and profit … Continue reading

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Shorting setup on Bradken (BKN AU)

Similar to a post I put up last week for Television Broadcasts in Hong Kong , this setup is based on a fairly simple resistance level but I like the look of it because of the number of times this … Continue reading

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Woolwoths – Strategy Update

Hi everyone, I’ve been following an ABC sell trade in this stock with recent posts. Woolworths released their 2nd quarter sales results today. Overall results were broadly in line with expectations. Supermarket sales were possibly a bit weaker than generally … Continue reading

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AWE Triangle Setup – Key Resistance yet to be Tested

As the year draws to a close I am happy to be able to find some new setups for you to take a look at. This one here looks like it will have to wait until the new year to … Continue reading

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Australian Shares Chart Review – 24 November

Hello everyone, following is my look at some interesting technical patterns that are forming up in the Australian share market.

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Aussie 200 – Set for a Fall

After a 10% increase in 15 trading days, the Australian share market looks set for a fall. Today is only the second down day in that period. I think the old market saw “nothing goes anywhere in a straight line” applies … Continue reading

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