Wow!!  

Ausgroup had hit 50.5, broke the resistance at 49. confirm the candlestick reversal pattern and bullish falling wedge.

Hope this is not a fake breakout. Set your stop-loss. dyodd.

RSI also cutting above the 30% signal line n MACD turning up.

All these factors should rightfully bodes well for Ausgroup.

Ausgroup, so far so good, had touched 49 (ie the resistance line)

n higher than Monday's high of 0.485 (candlestick reversal pattern) on increased volume.

Hope it will stay above 0.49 n break thru the resistance lineon closing to validate the bullish falling wedge pattern n stay above the 3 emas.

richtan      ( Date: 15-Jul-2009 11:16) Posted: As per my chart below, Ausgroup needs to break above the upper down-sloping resistance line at 0.49 on closing followed by next few days higher high and higher low and/or re-test of the broken resistance line as support (optional) to confirm the bullish falling wedge continuation pattern. richtan      ( Date: 14-Jul-2009 22:18) Posted: Below is my daily line chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments. This is only my view n I may be right or wrong, so dyodd.

Great to read tat, remember "Plan your trade n trade your plan", set your stop-loss.

All the best to u.

Cheers

Hi el7888,

No, u shouldn't thanks me, u must buy based on dyodd and set your stop-loss point as my analysis is neutral based on my knowledge n my interpretation of the chart n I maybe right or wrong or I m right but as TA is infallible, due to certain unforseen circumstances, it just wrong the right.

Ideally, u should buy based on real breakout on closing as intraday maybe a fake n if more kiasu n kiasi, wait for another huigher high n higher low or re-test of tat broken resistance as support.

Ausgroup, so far so good, had touched 49 (ie the resistance line),

hope it will break thru on closing to validate the bullish falling wedge pattern.

richtan      ( Date: 15-Jul-2009 11:16) Posted: As per my chart below, Ausgroup needs to break above the upper down-sloping resistance line at 0.49 on closing followed by next few days higher high and higher low and/or re-test of the broken resistance line as support (optional) to confirm the bullish falling wedge continuation pattern. richtan      ( Date: 14-Jul-2009 22:18) Posted: Below is my daily line chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments. This is only my view n I may be right or wrong, so dyodd.

As per my chart below, Ausgroup needs to break above the upper down-sloping resistance line

at 0.49 on closing followed by next few days higher high and higher low and/or re-test of the

broken resistance line as support (optional) to confirm the bullish falling wedge continuation pattern.

richtan      ( Date: 14-Jul-2009 22:18) Posted: Below is my daily line chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments. This is only my view n I may be right or wrong, so dyodd.

Bintang,

U r most welcomed.

I too learnt a lot from u.

Ooops, typo error.

 Should be "Gaps may or may not fill, not compulsory to be filled

Gaps may or may not fill, not compulsory. o br filled

If filled, it provides support.

If unfilled, it becomes a runaway gap