Aussie stocks worth noting as May draws to a close

Some Aussie stocks/ETFs worth watching as May draws to a close and as key support seems to be holding. Note how some of the Mining/Resource stocks 

are starting to look interesting again!

First off though let’s look at a few of the main indices; XAO, XJO and XSO:

XAO weekly: All Ordinaries: the 61.8% fib has acted as support:

XAOweekly

XJO weekly: ASX-200: here too

XJOweekly

XSO weekly: ASX Small Caps: this is starting to look like it might break up above the weekly 200 EMA:

XSOweekly

STW weekly: ETF on the ASX-200: the 61.8% fib has held:

STWweekly

EVN: Evolution Mining: the last time I posted this chart it was still triangle bound:

EVNweekly

Check out the weekly chart now though. This is trying for a bullish breakout:

EVNweekly

Better still, watch for any monthly candle breakout at the end of this week

EVNmonthlyANZ weekly: ANZ Bank: a monthly hold above $32 would be bullish:

ANZweekly

BHP monthly: consolidating on the monthly chart. Watch for any trend line breakout with momentum:

BHPmonthly

CPU weekly: ComputerShare: a close back above $13 would be encouraging:

CPUweekly

FMG weekly: Fortescue Metals: Is that a bullish inverse H&S forming up?

FMGweekly

GOR weekly: Gold Road Resources: this was the last chart I posted:

GORweekly

This is the GOR weekly chart now.

GORweekly

MNF weekly: My Net Fone: this was before the bullish triangle breakout:

MNFweekly

This is MNF weekly now:

MNFweekly

NAB weekly: a pull back to $30 would be good:

nabweekly

NCM weekly: NewCrest Mining: a close and hold above $15 would be bullish:

NCMweekly

NUF weekly: Nufarm: this seems to be off and running now:

NUFweekly

QAN weekly: QANTAS: hasn’t looked back since the $1.50 breakout:

QANweekly

QBE weekly: QBE Insurance: looks bullish but I’d rather see a weekly close above $15:

QBE

RIO weekly: Rio Tinto: it looks like something is building up here:

RIOweekly

SIV weekly: Silver Chef: this was the breakout when I last posted:

SIVweekly

This is SIV weekly now:

SIVweekly

TPM weekly: this was the triangle breakout when I last posted:

TPMweekly

This is TPM weekly now, up 28%:

TPMweekly

TSE weekly: Transfield Services: still watching for any break back above $2:

TSEweekly

WBC weekly: Westpac Bank: $31 looks like a good buy price!

WBCweekly

The post Aussie stocks worth noting as May draws to a close. appeared first on www.forextell.com.

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