ASX Traders Report May 6th

All Ordinaries Index : 

The Australian Sharemarket lost over $40 billion in value in trading today after lower than expected earnings from the banking and consumer staples sectors. The past three months has seen the All Ords Index trading in a sideways pattern between resistance of 5,960 points and support of around 5,740. The index attempted to breakout from the psychological 6000 level on four occasions without success.

Today’s trading saw a very bearish candle which closed below the support level of 5,720. The bears are in control and continued selling in the short term is likely to push the index further down towards the next support of 5,670 based on August/September resistance. A drop below this level does not see support till 5,520.

All Ords Index
All Ords Index

Wall Street Traders Report April 21st

Walt Disney Company (DIS) : Trading in a strong up-trend. Has formed an ascending triangle with horizontal resistance at $109.00. Wait for a breakout close above this level to trigger a long signal.

Walt Disney Company (DIS)
Walt Disney Company (DIS)

 

 

Pfizer (PFE) : Trading in a strong up-trend with a horizontal resistance level of $35.50. Wait for a breakout close above this level to trigger a buy signal.

Pfizer (PFE)
Pfizer (PFE)

 

 

Apple (AAPL) : Price currently supported by 50 day ema. Short term resistance at $130 which price needs to clear for long position trigger signal. A positive earnings announcement on April 27th may be the trigger for such a move.

Apple (AAPL)
Apple (AAPL)

 

 

Happy Trading

Flavio

ASX Traders report April 8th

All Ords Index : The index pushed higher on Wednesday and gained 0.6% to close in on the resistance level of 5,960 points. It appears to be forming an ascending triangle so traders should be on the lookout for a resistance breakout to confirm a continuation of the up-trend.

All Ords Index
All Ords Index

 

 

Coca-Cola Amatil (CCL) : ascending triangle formation. has cleared resistance today so I will be looking for a confirmation close at the end of trading Thursday.

Coca-Cola
Coca-Cola

 

 

NEXTDC (NXT) : symmetrical triangle formation. This could breakout either up or down. An up-side breakout could signal a continuation of the up-trend

NEXTDC (NXT)
NEXTDC (NXT)

 

Happy Trading

Flavio

ASX Traders Report April 7th

All Ords Index : The index is trading between a range bound by a resistance high of 5,960 and support of 5,720. A break of the support level would be a technical double top formation. 

All Ords Index
All Ords Index

 

 

BT Investment : Continues on it’s way in a strong up-trend with a resistance breakout on Thursday.

BT Investment (BTT)
BT Investment (BTT)

 

 

Domino Pizza : Ascending triangle formation. I’m looking for a resistance breakout to trigger a long setup.

Domino Pizza
Domino Pizza

 

 

Ramsay Healthcare : after a strong up-trend this has consolidated over the past few weeks to form a symmetrical triangle. This could breakout either direction with an upside breakout signalling a continuation of the prevailing up-trend.

Ramsay Health Care (RHC)
Ramsay Health Care (RHC)

 

 

Happy Trading

Flavio

ASX Traders Report March 23

All Ords Index : has the psychological price of 6000 in it’s sight. Needs to clear resistance.

All Ords Index
All Ords Index

 

 

AMP (AMP) : ascending triangle breakout.

AMP (AMP)
AMP (AMP)

 

 

Domino’s Pizza (DMP) : watch for a bullish breakout from the upper trendline of the triangle.

Domino's Pizza (DMP)
Domino’s Pizza (DMP)

 

 

Monadelphous Group (MND) : I’m looking to gain entry on any retracement back towards to resistance/support level of $10.

Monadelphous Group (MND)
Monadelphous Group (MND)

 

Happy Trading

Flavio

ASX Traders Report March 16th

All Ords Index : Retraced last week and challenged the 5,700 support level. Prices are now trading under the 20 day moving average which has turned slightly downwards.  A further pullback to the 5,700 is possible before we see a resumption of the up-trend. The index is still trading well above the longer term 50 day moving average.

All Ords Index
All Ords Index

 

 

Domino Pizza (DMP) : looking for a breakout from the upper trend-line.

Domino's Pizza (DMP)
Domino’s Pizza (DMP)

 

 

M2 Group (MTU) : resistance breakout and new high, well supported by the 20 day moving average.

M2 Group (MTU)
M2 Group (MTU)

 

 

Mantra Group (MTR) : Ascending triangle resistance breakout for a strong technical pattern long trade possibility.

Mantra Group (MTR)
Mantra Group (MTR)

 

Happy trading

Flavio

ASX Traders Report March 5th

Ansell Ltd (ANN) : Ascending triangle breakout above resistance. Look to the trend-line for support.

Ansell (ANN)
Ansell (ANN)

 

 

Codan (CDA) : Ascending triangle breakout today on very strong volume. I’m looking to buy at 99 cents with my stops under 95 cents.

Codan (CDA)
Codan (CDA)

 

 

Capitol Health (CAJ) :  Symmetrical triangle breakout on above average volume.

Capitol Health (CAJ)
Capitol Health (CAJ)

 

Happy Trading

Flavio

ASX Traders Report March 2nd

The Australian sharemarket has enjoyed strong gains over the past four weeks and traders will be trying to determine when the correction is likely to come. Looking at the chart for the All Ords Index below I think we can see signs of this correction likely to take place soon. The index is continuing to push higher and last weeks trade saw this continue up-wards. I have drawn the short term up-trend line which in technical terms is looking to form a bearish flag. This is where the parallel trendlines are pointing upwards as shown. I think a correction this week is possible and may push he index back towards support at 5,800 points.

All Ords Index
All Ords Index

 

Below are shares on the Australian share market which have interesting technical charts.

 

Ansell (ANN) : Symmetrical triangle breakout 

Ansell (ANN)
Ansell (ANN)

 

Capitol Health (CAJ) : Symmetrical triangle , looking for a breakout 

Capitol Health (CAJ)
Capitol Health (CAJ)

 

Medusa Mining (MML) : Ascending triangle breakout

Medusa Mining (MML)
Medusa Mining (MML)

 

Slater & Gordon (SGH) : Bullish flag, look for a breakout to confirm continuation of up-trend

Slater & Gordon (SGH)
Slater & Gordon (SGH)

Happy Trading

Flavio