Weekly ASX Update: Woodside Petroleum Limited (WPL.AX)
26 of March, 2012
By James A. Hyerczyk Buyers came into Woodside Petroleum Limited (WPL.AX) at the close with a vengeance, driving the equity CFD through a downtrending resistance line of a falling wedge chart pattern on the 240-minute chart. The strong close at 35.37 sets up the market for a rally into the target zone identified by Autochartist [...]
Weekly ASX Update: Westpac FBO (WBC.AX)
19 of March, 2012
By James A. Hyerczyk Westpac (WBC.AX) broke out to the upside with an expanded range when it crossed the resistance line of a triangle chart pattern on the 240-minute chart. The potentially bullish move followed several sessions of tight, sideways trading and set up the equity CFD for a potential move into the Autochartist price [...]
Weekly ASX Update: ANZ Bank (ANZ.AX)
12 of March, 2012
By James A. Hyerczyk ANZ Bank (ANZ.AX) broke through the resistance line of an ascending triangle chart pattern on the 240-minute chart, completing the pattern and setting up the market for a possible rally into the Autochartist target zone at 21.69 to 22.19. The overall quality of the chart pattern is a solid 7-bars. The [...]
Weekly ASX Update: Bradken Limited (BKN.AX)
5 of March, 2012
By James A. Hyerczyk The formation of Point C on the Bradken Limited (BKN.AX) 240-minute chart has created an emerging ABCD Fibonacci Chart pattern. If the projected move from Point C to Point D, or the target price materializes as expected then traders should watch for a possible break into the series of Fibonacci retracement [...]
Weekly ASX Update: Origin Energy Limited (ORG.AX)
27 of February, 2012
By James A. Hyerczyk Following a prolonged decline, Origin Energy Limited (ORG.AX) equity CFD appears to be poised to breakout over the resistance line of a triangle chart pattern on the 1440-minute chart. Although this is only an emerging pattern, the 212-candlestick length suggests that prices have been pent-up for a while and that volatility [...]
Weekly ASX Update: Goodman Fielder Limited (GFF.AX)
20 of February, 2012
By James A. Hyerczyk After bottoming at .47, Goodman Fielder Limited equity CFD, finished forming the neckline of an inverse head and shoulders chart pattern on the 240-minute chart. The subsequent gap and rally suggests the presence of strong buyers. In addition, the jump in trading volume from 2.4 million shares to 10.2 then 12.0 [...]
Weekly ASX Update: Sundance Resources Limited (SDL.AX)
13 of February, 2012
By James A. Hyerczyk Autochartist has identified an ABCD Fibonacci pattern on the Sundance Resources Limited (SDL.AX) 1440-minute chart. Now that Point C has been labeled at .43, Autochartist is projecting the start of a near-term break into Point D, or the downside target at .30. A move to this potential support level will mean [...]
Weekly ASX Update: Wesfarmer (WES.AX)
6 of February, 2012
By James A. Hyerczyk Wesfarmer (WES.AX) formed a 5-candlestick support base after bottoming near 29.37, creating an emerging falling wedge chart pattern on the 30-minute chart and setting up the market for a drive to the upside. The initial trend was up at the onset of the chart pattern and so is its projected short-term [...]
Weekly ASX Update: AWE Limited FPO (AWE.AX)
30 of January, 2012
By James A. Hyerczyk AWE Limited (AWE.AX) broke through the resistance line of an inverse head and shoulders chart pattern, completing the pattern and signaling a possible rally into the Autochartist forecast price zone at 1.63 to 1.77. One very impressive feature of this chart pattern is the 154 candlestick length. This most likely means [...]
Weekly ASX Update: Newcrest (NCM.AX)
23 of January, 2012
By James A. Hyerczyk Newcrest (NCM.AX) broke through the support line of a rising wedge chart pattern on the 240-minute chart with strong downside momentum. The size of the last candlestick is a sign of heavy selling pressure. If the market can maintain its downside momentum along with high volume, traders should gain confidence that [...]