weekend charting - 01-01-10, page-9

  1. 8,720 Posts.
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    Scilliams, I agree with you CCL looks to have topped out on the current (but impressive) run. 4-hourly chart has already turned downwards on the MACD & Stoch, both showng confirmed sell signals. The daily is just about there with both those technicals looking about to confirm the same.

    10c, the WES chart shows similar, and those gaps inviting.

    Broadly speaking I notice quite a few stocks appear to be near 12 month highs after strong run-ups, and the low volume surge over the christmas period has added to this. Could be some pullbacks coming in Jan (although Jan is traditionally a strong month, but lots of tradtions have been thrown out by the GFC so why not that too).

    Cheers, Sharks.
 
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