Tag Archives: Trading Channel

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 and UK 100 – poised to peak

The next couple of days look could be important for the outlook on index markets. The Australia 200 made a high at a significant Fibonacci cluster yesterday. A close under yesterday’s low could set up for a decent decline. The UK 100 is one of the most popular … Continue reading

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Cabcharge Trading Channel – put this in your watchlist

Time for an oldy but a goody. The trading channel is one of the great illustrations of support and resistance in action and is liked by traders because of its relative precision as a signal. In this case there is … Continue reading

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Posted in Market, Shares, Stocks, Trading | Tagged , , , , , | 1 Comment