Tag Archives: break out

Index Alert – Australia 200 Break Out

Yesterday, the Australia 200 index broke through resistance to post a new almost five year high. Valuation measures are a concern, but the purely technical view of a break out, combined with a volume surge and a closing price near … Continue reading

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Australia 200 – Correction Over – Break Out

In overnight trading the Australia 200 Index hit a new high for 2012. While the post-GFC proliferation of “false breaks” and overbought oscillators suggest caution, the primary evidence points to further gains before year end.

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Raw Sugar – Hourly Breakout

This was a set up I discussed in our Weekly Chart Review webinars yesterday There was a breakout of the rectangle pattern at the close yesterday and with a bit of a risk on recovery in Asian markets today, sugar … Continue reading

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Buy US SPX 500 Break Out

The US SPX 500 Index has confirmed a break out above resistance at 1,292 – 1,300, signalling higher levels not only for US shares, but share markets around the globe. Targets for the index are now

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Break Out and Bank Dividend Yields

Oil and copper rallying, the Euro and risk currencies higher, share markets around the globe pushing higher on a potential European solution and a solid US Q3 reporting season so far. Underweight investors and traders caught short must be considering … Continue reading

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Target price for Telstra

Now that Telstra has broken through the key resistance and psychological barrier at $3.00 one of questions that investors have been asking is: what is Telstra’s target price now? On the whole, it appears that a combination of technical and … Continue reading

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