ASX Small to Mid Caps Asia Conference – October 25th, 2011
Hawkley Oil and Gas (ASX:HOG)
Range: Daily
Technical Commentary: A Potential Channel Breakout is forming in Hawkley Oil and Gas. Validation of this bullish technical signal is dependant on a move above A$0.30/sh. This technical signal indicates that the current downtrend may reverse into an uptrend.
Trend: Reversing Upwards
Resistance: A$0.325/sh
Support: A$0.27/sh
Technical Objective: A$0.37/sh
Bathurst Resources (ASX:BTU)
Range: Daily
Technical Commentary: A Potential Channel Breakout has formed on Bathurst Resources. This technical signal indicates that the current downtrend may reverse into an uptrend.
Trend: Reversing Upwards
Resistance: A$0.825/sh
Support: A$0.715/sh
Technical Objective: A$0.86/sh
QRxPharma (ASX:QRX)
Range: Weekly
Technical Commentary: A Bullish Moving Average Convergence/Divergence (MACD) signal has formed on QRxPharma. This technical signal indicates that the recent directional downtrend has changed into a directional uptrend. MACD is a computation of the difference between two exponential moving averages of closing prices. This difference is charted over time, alongside a moving average of the difference. A bullish signal forms when the MACD computation crosses above the signal line.
Trend: Reversing Upwards
Resistance: A$1.45/sh
Support: A$1.36/sh
Technical Objective: A$1.60/sh
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