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. .
Personal Favourite links
tweet
Tuesday, July 6, 2010
QBE : Daily update. Hammer on Daily chart.
Hammer on the daily chart. A bullish sign. Bottomed consolidation of the stochs at O/S levels also gives confidence to the bullish case. Next 2 candles to confirm bullishness to further strengthen the bullish case. Prices is still in the downward trend channel. Have to be above $18 to continue bullish stance.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment