Chart Watch 2007-04-02

Long delay since my last real post. Like most people I've had a extremely busy couple of weeks with weddings, family, football and work. Currently getting ready for a trip to Dallas so the next couple of weeks are not going to get any better.

A couple of my holdings are currently at areas of interest so I thought I would post their charts.

Industrea - IDL


Industrea is a stock I have been following for a while now. It has been on a consistent, strong uptrend and formed a strong hammer on the 28th of Feb when the market had its first scare.

Last week IDL traded between $0.40 and $0.41 but today along with the all ordinaries has closed down currently trading at $0.39. Nanine posted late last week that she has sold her holdings.

Albidon Limited - ALB


Albidon Limited is a minerals exploration company that has benefited from the recent increase in nickel prices. As the chart shows, ALB has seen on a strong uptrend since mid January and I took a position in ALB a couple of days after the correction at $2.19 on the 7th of March. ALB has since surged to a 52 week high of $2.77 and closed today at $2.66.

I will keep a close eye on the lower trend line, count back line at $2.48.

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