Chart Watch 2007-02-24

Added yesterday as an opportunity, CFX reached an intraday high of $2.50. Our stop has been moved one cent higher to $2.40.

Charter Hall - CHC



CHC has been very active over the past couple of days after the release of the first half results which were very encouraging. NPBT increased from $7.8m (1H FY 06) to $16.7m (1H FY 07). A complete list of key activity is outlined in their interim results presentation. Our Stop loss has been moved up to $2.44.

Conquest Miming Limited - CQT



After retracing back to our stop loss of $0.79, CQT has had a couple of higher days moving our stop loss up slightly to $0.795. Long term group still has good separation, and the short term looks to be turning up.

Everest Babcock and Brown Alternative - EBI



Looking very strong, EBI made an intraday high of $5.23 yesterday. Our stop loss has been moved up to $4.95. Separation between the long and short term groups is a nice consistent uptrend with little fluctuations.

Eastern Star Gas - ESG



ESG has been looking weak for the past week and has now closed below our stop loss. The short term and long term groups both are not displaying up-trending characteristics and an exit should be made on Monday. A fund raising was announced during the week at $0.275, which coincided with our stop loss.

Industrea - IDL


CFS Retail Property Trust - CFX

The stop loss for IDL has been moved up to $0.37. IDL's half yearly report was released during the week with the key stats being "Net profit Before Tax up $7.4 million for six months to December 2006" and "Upgraded full year earnings guidance by $2.6 million to $14.9 Million". A lot is happening at IDL and I see further potential in this companies share price.

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Chart Watch 2007-02-23

CFS Retail Property Trust - CFX



CFX looks to fit our entry criteria. Reached a high of $2.51 on the 13th of February and has since pulled back to $2.45. The count back line looks to be a good indicator for CFX without a break in the past couple of months. Volume is consistently high and with an entry now we can gain a tight stop loss.

Entry $2.45, Stop Loss $2.39.

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Alpha Trends View on Gold

Alpha Trends has a great video on the US ETF's available for gold.



Posted below is the chart ASX:GOLD which allows Australian traders easy access to the gold market




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Three Inside Up

A three inside up pattern occurs after a 2-day bullish harami pattern. To form the Three Inside Up pattern, the third day is a white day with a higher close than the second day. The three inside up pattern turns a low-reliability bullish harami into a high probability reversal pattern.

Mikoh Corporation Limited - MIK



MIK has pulled back from it's high of $0.48, contracting the short term group. The long term group looks strong with good separation, with the count back test showing it hasn't been broken since the start of November.

MIK formed the three inside up pattern on the 15th with a white candle closing higher than the second candle of the bullish harami. On the 16th MIK closed at $0.45 with a 5.88% increase.

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Chart Watch 2007-02-16

Indusrea - IDL

Industrea keeps making new highs. Our stop loss again gets moved up, now at $0.35 which puts IDL into profit. For the fundamentalists there is a lot of infomation available about the IDL story, including an article in the Smart Investor. This information can be download from Industrea website

Eastern Star - ESG
is in a trading halt, keep on eye in the news if you can as the stock sits right on our stop loss.

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