This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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Tuesday, July 6, 2010
AXA : Monthly chart : for perspective Only.
Prices seems to be just sitting on the upward support line and still within the upward sloping trend channel. If the end of 4th wave separates the whole wave pattern by 2 or 50% then we can look at $7.00 as a possible updside target. ...Forgetting not that this is a monthly chart, we are looking at a 4 to 6 months time frame.
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