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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Friday, September 17, 2010
Looking like a wedge formation. Stochs struggling thru the O/B levels. On the other hand market sentiment seem sto have turn bullish. And prices for Woolsworths seems to have a little bit more upside. $29.90 seems to be the resistance for now. Prices are supported by moving averages. On normal circumstances would have adopted a wait and see attitude but with acct equity at a psyhcological level, just feeling edgy to get more. That impulse has resulted in a WOW trade. Either luck is on my side and I come thru or I will pay a price for the lesson not to be impulsive. Earlier have already been cleaned out of WPL trade gave up earlier profit due to volatile prices and stopped out. My gut feeling is to stick on with the trade. No choice.
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