weekend charting part 2

  1. 9,861 Posts.
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    Time for part 2 i guess the other one was getting long

    Good to see the Tassie Tiger finally doing a chart amongst all his Uni courses and working. I did say you will make more trading AB's :))))

    Anyway, thanks PB for dropping the link accross on EXT request from CK as i had forgotten to do it, any if i forget others friendly reminders are all good.

    EXT
    CK i dont follow Elliot Wave religously and WXYZ is very good at them, thats the PS standard default ones on chart.
    I think last weekend i suggested supporting in the green box and now very strong buy again off the green area.

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    MLS
    the weekly chart is very good and looks strong, i guess the huge spike up helped that, from here you have a possibility fof heading to the down trend line. The risk of entry here is huge but you an fiine tune that yoursleves. If you in the trade mabye stops as suggested ??
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    CEY
    Im sorry i thought i had posted this one.
    Daily chart has been taking a beating but the trend channel lower line is close and worth a go there if stoch's turn up
    Low risk entry with existing channel offering upside targets
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    SLR
    Very defined up trend and strong, current trade suggested and targets above the high so look out if she takes them out. Most of the times it pulls back its just sitting around old highs.
    The trend is becoming mature though so dont be shy to lock in some profits too
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    MAK
    Im still waiting patiently for this breakout, i was chasing a few this week and noticed the low volume which can be a concern. Nothing wrong with that its just a low volume stock. Worst case stochastic's will support on blue line and that might be the final low before taking out the above resistance. The ascending triangle is still playing out.
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    SUN
    Slemax has been asking for an update here and a few concerns he had. Always remember its much more important to lock in the profits rather than waiting for the next leg up. I still have an upside target here for 800, however the daily chart has a few weak signals on it and subsequently my stops are very close. Monday is a possible trend reversal day for SUN so i guess if that doesnt eventuate the blue lines will offer supports.
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