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Hi tea444u , it would be ok , AusGroup has sound fundamental , and now in TA , all indicators are pointing to a more positive direction , if there is correction , maybe 66 cents could provide strong support .
tea444u ( Date: 26-Aug-2009 20:54) Posted:
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Thank you Mr Bintang.
I should have some of this stock in my portfolio.
I think 71 or 70 is a rather pleasant price .
I hope I will be ok.
AusGroup today broke out of the neck line at 65.5 cents with huge volume , it may move up another 21 cents to 86.5 cents to cover a gap there n this is also the distance between the near term low to the neckline .
richtan ( Date: 26-Aug-2009 18:53) Posted:
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      Patience has its virtues. Congrats especially to those who followed my postings and chart analysis and dared to buy since last few days when it presents many good opportunities when it bounced off the 15ema and 25ema with tight stop-loss if it close below the 25ema or 65ema. Peronally, I will exit if it breaks and closed below the 25ema for 2 continuous days and the 3rd day, there is no reversal sign or bullish harami |
i think still can buy till end of this week.. the market is still in good mood...
tea444u ( Date: 26-Aug-2009 17:12) Posted:
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AUSGRP rallied because of this....
Australia approves $42bn LNG project
http://www.ft.com/cms/s/0/6bf12dc2-91f0-11de-879d-00144feabdc0.html?ftcamp=rss&nclick_check=1
By Peter Smith in Sydney
Published: August 26 2009 05:21 | Last updated: August 26 2009 05:21
Gorgon, one of the world’s biggest liquefied natural gas developments, cleared a significant hurdle on Wednesday when Australia’s federal government granted environmental approval for the A$50bn (US$42bn) project.
Canberra’s decision paves the way for Chevron, the US oil group that is 50-per cent owner and operator of Gorgon, to make its “final investment decision” to develop the project’s gas fields off the coast of Western Australia within months, the company said in a statement.
However, Asian countries, led by China, have already set themselves up to be major customers of Gorgon LNG.
PetroChina, China’s largest energy company, this month agreed to buy US$41bn worth of Gorgon LNG over a 20-year period from ExxonMobil which, together with Royal Dutch Shell, owns the rest of Gorgon.
Shell signed a “sales and purchase” agreement with PetroChina for Gorgon LNG in 2007 while Chevron has agreements with three Japanese utilities.
Gorgon is one of the most ambitious of around 10 LNG projects being developed in Australia.
Peter Garrett, minister for the environment, said Gorgon had undergone a high level of scrutiny before it was deemed acceptable.
He said the “key focus” had been whether Gorgon’s expansion could manage the potential impact on protected species such as the flatback turtle and terrestrial fauna.
Canberra’s approval of Gorgon had been widely expected given the significant long-term benefits the project will provide to the Australian economy, including tens of billions in tax revenues and thousands of jobs.
However, an oil spill off the Western Australian coast last Friday has provided ammunition to environmentalists who believe LNG projects pose material risks to wildlife along Australia’s pristine coastline.
Roy Krzywosinski, Chevron Australia’s managing director, said Gorgon had global significance with a resource base of more than 40,000bn cubic feet of gas and an estimated economic life of at least 40 years from the time of start-up.
“[It] is Australia’s largest single resource project and is set to deliver significant economic benefits and create around 10,000 indirect and direct jobs during peak construction,” Mr Krzywosinski said.
Chevron said the project had been deliberately sited to avoid areas of particular conservation significance.
“The three-train Gorgon will have minimal additional environmental impact when compared to the already-approved two-train project,” Chevron said. An LNG train is a gas processing facility.
Chevron plans to build three 5m tonne per annum LNG trains, one of the world’s largest carbon dioxide injection projects as well as a domestic gas plant.
Australia’s Environmental Protection Authority (EPA) gave conditional approval for Gorgon’s expansion in May.
The EPA said that Gorgon’s location on the Barrow Island nature reserve would need to deal sensitively with flatback turtle rookeries and it was also concerned about the impact of dredging and marine infrastructure on the coral habitat.
The Western Australian government in 2007 overruled the EPA’s recommendation that ”industry should not be located” on Barrow Island.
Chevron is still negotiating a number of state and federal approvals, including production licences and development applications. These discussions are unlikely to disrupt Gorgon’s development plans.
my personal take is dun.. dun chase after rallying stocks.. ausgrp has gained a lot the past few days alr.. it's a gd counter with gd FA (financial analysis).. uptrend dun go up smoothly.. corrections and pullbacks do take place as well.. wanna buy then buy when there's correction.. find laggards to gain the most.. anyway i shld b holding this counter for long.. well tt's my strategy.. i'm open to criticisms.. 
tea444u ( Date: 26-Aug-2009 17:12) Posted:
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Hi Ausgrp holders.... can i still buy at 71? seems like it just strated its superbullish mode? can any share please? thank you.
Does that means tat we are attacking our next resistance at $0.72?
ozone2002 ( Date: 26-Aug-2009 17:03) Posted:
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wat a homerun for AUSGRP..
my fears were allayed for the false breakout..
huat 0.7!!!
Bintang ( Date: 26-Aug-2009 15:00) Posted:
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Thank u too richtan , for the hard works that u contributed to the forum , lets huat together .
richtan ( Date: 26-Aug-2009 14:53) Posted:
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Yes, let's HUAT together, but also be on the alert, never throw caution to the wind
bennykusman ( Date: 26-Aug-2009 12:36) Posted:
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Hi Bintang,
Many thanks for your good wishes, same to u for your counters.
Lets HUAT together.
Bintang ( Date: 26-Aug-2009 14:51) Posted:
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Yes 66 , in hokkien is luck luck , n wish u good luck , richtan .
richtan ( Date: 26-Aug-2009 14:02) Posted:
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Big volume buy up
Broke 0.66
ozone2002 ( Date: 26-Aug-2009 13:49) Posted:
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i'm just concerned abt the dble top pattern @ 66c..
seems like a retailers biting at the 66c sell Q.. cos if u see the no of trades done @ 66c it averages abt 50 lots per trade..
just my concern.. other than that hope it can break 66 to provide more assurance..
DYODD
huat
richtan ( Date: 26-Aug-2009 12:18) Posted:
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Volume had aredi exceeded yesterday's volume within half day's trading with extremely humogous buy-up:
5GJ (AusGroup)
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richtan ( Date: 26-Aug-2009 11:42) Posted:
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