AUSTIN EXPLORATION LIMITED - AKK
Monday, January 29, 2007
Well the bad run continues, AKK closing at $0.85 today below our stop loss of $0.89. The trend still looks strong, maintaining it's trend line.
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57 minutes ago
Showing posts with label AKK. Show all posts
Showing posts with label AKK. Show all posts
Chart Watch 2007-01-23
Tuesday, January 23, 2007
Couple of good days with the ASX opportunities and we have some stops moving up based on our count back line.
AUSTIN EXPLORATION LIMITED - AKK 
Closed at $1.015, up from $0.88 at recommendation. Count back line moved up to $0.85 from $0.79.
Industrea – IDL
Bounced nicely from the long term group, and stayed above out stop loss of $0.305. Current close at $0.325, but still below the $0.33 recommendation.
Eastern Star – ESG
Uptrend looks intact, stop loss still at $0.275, current close at $0.295
Charter Hall – CHC
This one keeps moving up. Stop loss has been moved up to $2.39, current close at $2.50
Chart Watch 2007-01-21
Sunday, January 21, 2007
AUSTIN EXPLORATION LIMITED - AKK 
A Bullish hammer occurred on the 12th, which has a low reliability. It requires confirmation of the implied trend reversal by a white candlestick, a large gap up or a higher close on the next trading day, which occurred on the 15th with a bullish engulfing candle.
As we can see on the chart we have clearly defined trend line, spread of the long term group and contraction of the short term group. Current count back line at $0.79, close on Friday at $0.88.
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