Chart Watch 2009-02-17

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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Chart Watch 2009-02-07

RIO - RIO Tinto



Recently broken trend-line dating back to September 2008.
Broken through 50-day moving average
Volume increasing past couple of weeks
Short term support around $36.30

What for RIO to close above $46.93. A close above this could indicate a move up towards resistance of around $60.00

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