Chart Watch 2009-02-17
Tuesday, February 17, 2009
XAO - All Ordinaries
The All Ordinaries closed at 3,412.200 today, a 49.1 fall or 1.42%. The day started sideways, with a sell off after lunch. Last weeks test of the 50MA failed (3500 level), and indicators showing signs of short term oversold levels. The US markets were closed yesterday.
IRN - INDOPHIL
I added IRN to my watch list today. Breaking 50MA on above average volume (up $0.02 or 7.14%). The stock has a few levels of above resistance. On the watch list for now to see how this one plays out.
ASX
ASX hit resistance with a thud today.
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