Thursday, March 17, 2011

ASX Stks shortlist

WPL : Prices still consolidating in a triangle. Await breakout.


WHC : Prices seems to have put in a top at $7.30.
Prices may bounce to resistance line.
Still in the trend channel.
Bias to the downside though.



TRS
Prices in a triangle.
Have to break downward sloping resistance and $14
to close Gap.


TEL : Still in down Trend channel


MQG : Downward trend channel and moving averages .


MND : Would prefer somemore price formation to confirm direction


IPL : Prices still below moving averages.
Trend unclear if its start of 5 or B
Await further confirmation



EAU : Prices still in downward trend channel


DJS :
Prices awaiting breakout. May go sideways .
Take note this is a weekly chart.
1 bar is 1 week.

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