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:
XJO weekly: ASX-200: here too
XSO weekly: ASX Small Caps: this is starting to look like it might break up above the weekly 200 EMA:
STW weekly: ETF on the ASX-200: the 61.8% fib has held:
EVN: Evolution Mining: the last time I posted this chart it was still triangle bound:
Check out the weekly chart now though. This is trying for a bullish breakout:
Better still, watch for any monthly candle breakout at the end of this week
ANZ weekly: ANZ Bank: a monthly hold above $32 would be bullish:
BHP monthly: consolidating on the monthly chart. Watch for any trend line breakout with momentum:
CPU weekly: ComputerShare: a close back above $13 would be encouraging:
FMG weekly: Fortescue Metals: Is that a bullish inverse H&S forming up?
GOR weekly: Gold Road Resources: this was the last chart I posted:
This is the GOR weekly chart now.
MNF weekly: My Net Fone: this was before the bullish triangle breakout:
This is MNF weekly now:
NAB weekly: a pull back to $30 would be good:
NCM weekly: NewCrest Mining: a close and hold above $15 would be bullish:
NUF weekly: Nufarm: this seems to be off and running now:
QAN weekly: QANTAS: hasn’t looked back since the $1.50 breakout:
QBE weekly: QBE Insurance: looks bullish but I’d rather see a weekly close above $15:
RIO weekly: Rio Tinto: it looks like something is building up here:
SIV weekly: Silver Chef: this was the breakout when I last posted:
This is SIV weekly now:
TPM weekly: this was the triangle breakout when I last posted:
This is TPM weekly now, up 28%:
TSE weekly: Transfield Services: still watching for any break back above $2:
WBC weekly: Westpac Bank: $31 looks like a good buy price!