AusGroup    Last:0.009   -

AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

Volume had almost equalled yesterday's volume within half day's trading.

 

Hi pilotfish,

Just to share with u my chart posting below.

pilotfish      ( Date: 31-Jul-2009 10:37) Posted: Thanks richtan Ya, Got to profit profit as well. Sign of weakness has shown though price may increase. Just my view richtan      ( Date: 31-Jul-2009 10:15) Posted: Hi pilotfish, Congrats to your profit-taking. Nothing wrong to take profit as long as u are satisfied. But for me, I always remember by heart n abide by my 3 golden mantras, one of which is: "Let profits ride with trailing stops n cut-losses short" - reason being, we need to maximise our profits to cover all those lossing trades n yet make net profits.

 

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

 

Thanks richtan

Ya, Got to profit profit as well. Sign of weakness has shown though price may increase.

Just my view

richtan      ( Date: 31-Jul-2009 10:15) Posted: Hi pilotfish, Congrats to your profit-taking. Nothing wrong to take profit as long as u are satisfied. But for me, I always remember by heart n abide by my 3 golden mantras, one of which is: "Let profits ride with trailing stops n cut-losses short" - reason being, we need to maximise our profits to cover all those lossing trades n yet make net profits. pilotfish      ( Date: 31-Jul-2009 09:16) Posted: Exit for a sweet profit... Well done AUsgroup ...

 

Hi pilotfish,

Congrats to your profit-taking.

Nothing wrong to take profit as long as u are satisfied.

But for me, I always remember by heart n abide by my 3 golden mantras, one of which is:

"Let profits ride with trailing stops n cut-losses short" - reason being, we need to maximise our profits to

cover all those lossing trades n yet make net profits.

pilotfish      ( Date: 31-Jul-2009 09:16) Posted: Exit for a sweet profit... Well done AUsgroup ... pilotfish      ( Date: 09-Jul-2009 08:36) Posted: Outlook for AUSgroup Previously negative for this counter. Now turn positive. No sign of buying signal yet... See chart: (for reference only)

 

Exit for a sweet profit...

Well done AUsgroup ...

pilotfish      ( Date: 09-Jul-2009 08:36) Posted: Outlook for AUSgroup Previously negative for this counter. Now turn positive. No sign of buying signal yet... See chart: (for reference only)

 

 

 

 

Ausgroup had broke above the upper sloping resistance of the bullish flag continuation pattern (see below chart posting)

on extremely high volume, more than doubled yesterday's volume, formed a bullish engulfing marubozu (strong conviction),

engulfing the previous 2 black candles.

This is just an appetizer, more big money coming loh!!

HUATTTT AHHH!!!

 

Volume getting close to yesterday's volume and might surpassed it at closing on bullish breakout of the flag resistance line.

richtan      ( Date: 30-Jul-2009 14:35) Posted:       Ausgroup had broke above the upper sloping resistance of the bullish flag continuation pattern (see below chart posting). richtan      ( Date: 30-Jul-2009 09:33) Posted: Below is my daily chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd.

 

Hi techsys,

Basically Ausgroup has got very good FA, but remember tat besides FA,

mkt at most times move based on sentiments n chart breakouts of supprt n resistance and chart patterns.

techsys      ( Date: 30-Jul-2009 14:48) Posted: Hi richtan, I am agree with you.    No doubt about that on TA-wize. Now I'm searching news that will support that movement. richtan      ( Date: 30-Jul-2009 11:30) Posted: Hi techsys, There is a bullish flag continuation pattern, see my chart posting right below yours. This is my observation, so dyodd.

 

Hi richtan,

I am agree with you.    No doubt about that on TA-wize. Now I'm searching news that will support that movement.

richtan      ( Date: 30-Jul-2009 11:30) Posted: Hi techsys, There is a bullish flag continuation pattern, see my chart posting right below yours. This is my observation, so dyodd. techsys      ( Date: 30-Jul-2009 11:23) Posted: Here is my view :) .. just sharing.   Base on TA, It still have space to grow.  But it's near an "invisible" resistance.  The next I use to do is look for fundamental.  It there is good news, it's a good counter to park money in.

 

 

 

 

Ausgroup had broke above the upper sloping resistance of the bullish flag continuation pattern (see below chart posting).

richtan      ( Date: 30-Jul-2009 09:33) Posted: Below is my daily chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by rating it as "bad post", accumulating for yourself and your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd.

 

Hi techsys,

There is a bullish flag continuation pattern, see my chart posting right below yours.

This is my observation, so dyodd.

techsys      ( Date: 30-Jul-2009 11:23) Posted: Here is my view :) .. just sharing.   Base on TA, It still have space to grow.  But it's near an "invisible" resistance.  The next I use to do is look for fundamental.  It there is good news, it's a good counter to park money in.

 

Here is my view :) .. just sharing.

 

Base on TA, It still have space to grow.  But it's near an "invisible" resistance.  The next I use to do is look for fundamental.  It there is good news, it's a good counter to park money in.  

 

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

 

Thanks for yr sharing.

richtan      ( Date: 27-Jul-2009 17:55) Posted: I m basically a TA trader, so I trade based on my interpretations of TA, but of course as I repeatedly mentioned, Ta is not infallible, thus need to set stop-loss. No one can catch the very top or bottom, if they did, it is just pure luck or coincidence which is unlikely to be repeated everytime. The mkt is a tricky beast trying to out-play us on our emotions, thus why I trade based on TA mechanically w/o emotions. Once I exit a trade, I dun regret my actions but review did I do anything wrong with my analysis n try to learn from any possible mistakes. There are times when after selling based on my interpretation of the TA, the price for the next few days formed fooling candles by going higher but I just ignore it (particularly if there is bearish divergence in other indicators) unless it subsequently break above the recent high, I would then not hesitate to buy back but with my stop-loss. jojoyeo      ( Date: 27-Jul-2009 17:14) Posted: Rich, how do you decide when to sell? I always caught in a situation either sell too early or too late. Appreciate your sharing.

 

I m basically a TA trader, so I trade based on my interpretations of TA, but of course as I repeatedly mentioned, Ta is not infallible, thus need to set stop-loss.

No one can catch the very top or bottom, if they did, it is just pure luck or coincidence which is unlikely to be repeated everytime. The mkt is a tricky beast trying to out-play us on our emotions, thus why I trade based on TA mechanically w/o emotions.

Once I exit a trade, I dun regret my actions but review did I do anything wrong with my analysis n try to learn from any possible mistakes.

There are times when after selling based on my interpretation of the TA, the price for the next few days formed fooling candles by going higher but I just ignore it (particularly if there is bearish divergence in other indicators) unless it subsequently break above the recent high, I would then not hesitate to buy back but with my stop-loss.

jojoyeo      ( Date: 27-Jul-2009 17:14) Posted: Rich, how do you decide when to sell? I always caught in a situation either sell too early or too late. Appreciate your sharing. richtan      ( Date: 27-Jul-2009 15:49) Posted: Trade Summary shows more buying up:   5GJ (AusGroup)  WEIGHTED AVG PRICE :  0.5809   LAST DONE PRICE :  0.575   SPREAD/PRICE RATIO :  0.0000   AVG TRADE SIZE :  50.622  < /> Last Trades Vol BuyVol Mid SellVol 0.575 51 2,408 2,160 0 248 0.580 341 19,226 8,621 14 10,591 0.581 1 60 0 60 0 0.585 176 7,346 1,147 0 6,199 0.590 5 17 0 0 17 TOTAL 574 29,057 11,928 74 17,055

 

Rich, how do you decide when to sell? I always caught in a situation either sell too early or too late. Appreciate your sharing.

richtan      ( Date: 27-Jul-2009 15:49) Posted: Trade Summary shows more buying up:   5GJ (AusGroup)  WEIGHTED AVG PRICE :  0.5809   LAST DONE PRICE :  0.575   SPREAD/PRICE RATIO :  0.0000   AVG TRADE SIZE :  50.622  < /> Last Trades Vol BuyVol Mid SellVol 0.575 51 2,408 2,160 0 248 0.580 341 19,226 8,621 14 10,591 0.581 1 60 0 60 0 0.585 176 7,346 1,147 0 6,199 0.590 5 17 0 0 17 TOTAL 574 29,057 11,928 74 17,055

 

Trade Summary shows more buying up:

 

WEIGHTED AVG PRICE :  0.5809   LAST DONE PRICE :  0.575   SPREAD/PRICE RATIO :  0.0000   AVG TRADE SIZE :  50.622  < /> Last Trades Vol BuyVol Mid SellVol 0.575 51 2,408 2,160 0 248 0.580 341 19,226 8,621 14 10,591 0.581 1 60 0 60 0 0.585 176 7,346 1,147 0 6,199 0.590 5 17 0 0 17 TOTAL 574 29,057 11,928 74 17,055

 

Broke above 57.5

ozone2002      ( Date: 24-Jul-2009 16:18) Posted: 57.5!!BROKEN!!

 

Hi ozone2002,

Sto is more meant for range-bound or consoliadtion trading, for trending stocks, I would look at MACD histogram and RSI but also be careful for RSI, as I had mentioned b4, wat is overbot can be even more ob n vice-versa, look for the cutting up of the 30% line and cutting-down of the 70% line for buy n sell respectively. 

ozone2002      ( Date: 26-Jul-2009 13:35) Posted: this should move further past 57 in the comin week.. will put stop loss as stochastic looking overbought although MACD,RSI and MFI trending upwards