Chart Watch 2008-05-17
Saturday, May 17, 2008
My watch list for the week
ABY - Aditya Birla Minerals Limited
After breaking out on the 19/04/08, ABY has been cosnolidating. Look for a break of this trading range.
BBP - Babcock and Brown Power
Higher highs, and lower lows ... also has broken the 100MA with ADX showing signs of a trend. Look for a pullback between the 10MA and 30EMA for another entry.
NAB - National Australia Bank Limited
The strongest chart if the big 4 banks, currently trading above the 100MA. ADX starting to move above 20 suggesting a start of a new trend.
Posts
