You’d think the Australian stock market would be doing rather well. But how is the Aussie index ASX200 really holding up?
January 14th, 2012 | Nickolai Hubble | 2 comments | ContinuedAll Posts Tagged With: "Australian stock market"
Australia Forgets the Little People
How about that? Contrary to our gloomy disposition yesterday, the stock market has taken off like a rocket this morning. The material sector is up 2.9% today alone. It was the worst performing sector in Australia on the ASX in 2011, down 25% thanks to lower commodity prices.
January 4th, 2012 | Dan Denning | 7 comments | Continued
S&P/ASX 200 Clears Resistance Line
A breakout is a clear positive signal.
This is especially valid when the resistance was in place for a long time. It means the breakout is a significant trading event and that the strength of the bullish signal triggered is high.
The second observation is that the previous resistance is generally tested just after the breakout…
September 17th, 2009 | Gabriel Andre | 12 comments | Continued
