Australian Sharemarket Traders Report May 26th

JB Hi-Fi (JBH) : In a strong up-trend with the formation of a pennant and breakout candle close above upper pennant resistance triggers long setup.

JB Hi-Fi (JBH)
JB Hi-Fi (JBH)

 

 

Qantas (QAN) : Has retraced from recent highs in an orderly fashion. I’m looking for a breakout from the upper line resistance to trigger a long setup trade.

Qantas (QAN)
Qantas (QAN)

 

 

Woodside Petroluem (WPL) : After a sustained downtrend this has moved sideways and looks ready to breakout from resistance of $36.80.

Woodside Petroleum (WPL)
Woodside Petroleum (WPL)

 

 

Cooper Energy (COE) : Early up-trend with higher highs and lows and the 20 day ema is bullish.

Cooper Energy (COE)
Cooper Energy (COE)

 

Happy Trading

Flavio

2 thoughts on “Australian Sharemarket Traders Report May 26th

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