The two main Aussie stock indices remain on their bullish journey following bullish triangle breakouts from two weeks ago. I have posted some charts of Aussie stocks that look bullish and may offer trading potential in this current buoyant environment.
All Ordinaries XAO weekly: mad a bullish triangle breakout two weeks ago. I’m expecting this to head to the 78.6% fib next and that is up near 6,000:
ASX-200: XJO weekly: the same applies here:
AMP weekly: has made a triangle break but any new move above $6 might get this stock going:
AAD weekly: Ardent Leisure: watching for a triangle breakout here:
CCL weekly: Coca Cola Amatil: looking for bullish continuation here:
CPU weekly: ComputerShare: watching for any bullish Cup ‘n’ Handle pattern breakout:
CKF weekly: Collins Food: bullish ascending triangle breakout here and looking for continuation above $2.50:
EVN weekly: Evolution Mining: watching for any bullish move here:
DUE weekly: Duet Group: a bullish breakout above $2.50 here:
GOR weekly: Gold Road Resources: a bullish triangle breakout has started here:
NCM weekly: Newcrest Mining: any close above $15 would support bullish continuation here:
QAN weekly: QANTAS: this hasn’t looked back since my bullish call following the move above $1.50.
SIV weekly: Silver Chef: this has made a bullish triangle breakout:
SPK monthly: Spark New Zealand: a bullish ascending triangle breakout above $3:
TLS monthly: Telstra: expect some pause here as price negotiates the 61.8% fib:
SUN monthly: Suncorp: watch for any continuation move if price can clear the $15 / 61.8% fib congestion zone:
TOL weekly:Toll Holdings: has made a bullish breakout above $6:
TAH monthly: Tabcorp Holdings: looks bullish to me above $4:
TPM weekly: TPG Telecom: watch for any bullish triangle breakout here:
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