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701-720 of 805
convincingly broke out of 630/635 resistance, and on decent volume
convincingly broke out of 630/635 resistance, and on decent volume
today's moves, suggest that the bottom have been found (bottoms of last 2 weeks ... march 5th, 55 cts and march 14th, 58 cts, together formed a double bottom .... and now it's subsequent rebound)
pertinent is the lagging indicator MACD (cuts seen)
candles now approaching the 50 days ema, and stock has bounced well of the 100 days ema support ...better days are coming
TA is man made and is historical and ONLY use it as a guide.... in the short term, the indicators are sometimes misleading.... if ausgroup took a beating (seen recently) it was in line with global macro events
a hint was given y'day (please read that posting)...i exited the stock when the going wasnt good juz b4 and during the meltdown @ 70+ cts downwards ...i reentered @ sub 60 cts and have been accumulating
the savvy trader knows what to do
Ausgroup may still be on a downtrend.... its Acc/Dist and Chaikin charts are not that impressive
Technical analysis on Ausgroup:
Ausgroup has a good horizontal support at around $0.57-0.575. Immediate resistance around $0.63-0.635. This resistance is likely to be strong as we see confluence of resistance here.
For a detailed analysis, please refer to www.bull-fish.com
The P/E value is 22, quite high right?
after exiting at 70+ cts, the stock merits attention again when it was sold down to the 50+ cts region ..... have been acc this and mkt moves suggest rebound to retest 80 cts and beyond
Any insights for this stock....??Seems not able to recover at all
Mini-correction....will go up in due course ;p
what's happening here? quite a big drop today.
Agree, this is another good solid performer ; )
Ausgroup has come a long way since the 30 cts days and not without reason.
TA wise, the weekly chart looks good and she has entered into a consolidation phase, which maybe shortlived. The stock is set for the 73 to 78 cts trading range with the key resistance being at 75 cts and a clear break, will lead to retest of the high of 80 cts. The 60 minutes chart and it's indicators in particular the stochastics (turning up), underpins the stock and the higher high and the higher low candlesticks, as seen in the weekly charts augurs well.
Watch our for the period after April 07, when the SESDAQ listing status and 2 years morotarium ends. Oil and Metal commodity prices remain high and it is not just about high prices alone, as production "capacity" and it's maintainance, is key. ... and subsea production and it's lure and capex will figure. M&A and strategic alliances is ongoing in this sector and may jollly well spill onto Ausgroup, (hopefully), and new contracts should figure as indicated by the CEO in the annual report.
Watch this space ...(caveat emptor)
and Cheers and Good Luck.
setting the stage for a rebound past the resistance of 80 cts, in coming days
Thumbs up ....
check your charts, ... a bullish reversal candle, confirmation of uptrend, after the series of falls culminated in a hammer
targets of 96 cts and 1.02 (by brokerages) on track
today's ongoings suggest that the end of the road was never at hand, and congratz to those who picked up at 72.5 and below righ thru to 66 cts.
the ascent ... it is a welcome development
Yes i too share the view that the stock merits a buy at below 72 cts. From Feb 12th (date of results) today is T+4 and give and take a few more days contra players would have left the scene. Now it is a question of valuations and as the full year reults is 6 months away and the SESDAQ listing moratorium end in April, investors will see value.
Remember also that traditionally the second half results is always better than the first half as reported, and maybe this is due to winter reasons. It is summer/autumn now in Australia.
agreed ..collected some at .705 and .71 today :)
That is how the markets work and the market is forward looking. In my opinion anything below 72.5 cts is value for money.