IAG, NEA and ALL are three ASX listed stocks which are technically looking strong, despite the overall sell off of global markets recently.
IAG has been tracking in a long sideways pattern with resistance at $6. It broke that today and despite it coming off by around 10 cents at the time of writing, it is showing all the hallmarks of a potentially good trade.
NEA had a huge volume of sellers sitting on the sell side of the ledger at 40 cents. This is exactly in line with resistance. However the huge volume of NEA shares traded today has pushed through resistance. We are looking for a close above 40 cents today. The very broad ascending triangle pattern is indicating a long term upside target of 80 cents.
In our most recent free newsletter we said that ALL is a buy if it broke above $4.75. ALL has broken long term overhead resistance at $4.75 and by our reckoning, the stock will slowly track upwards by around $3 over the coming months.
We will provide charts of these stocks and updated analysis in our next FREE FORTNIGHTLY newsletter, posted as always on this blog. Back copies are available free from our website, www.stpt.com.au
IAG has been tracking in a long sideways pattern with resistance at $6. It broke that today and despite it coming off by around 10 cents at the time of writing, it is showing all the hallmarks of a potentially good trade.
NEA had a huge volume of sellers sitting on the sell side of the ledger at 40 cents. This is exactly in line with resistance. However the huge volume of NEA shares traded today has pushed through resistance. We are looking for a close above 40 cents today. The very broad ascending triangle pattern is indicating a long term upside target of 80 cents.
In our most recent free newsletter we said that ALL is a buy if it broke above $4.75. ALL has broken long term overhead resistance at $4.75 and by our reckoning, the stock will slowly track upwards by around $3 over the coming months.
We will provide charts of these stocks and updated analysis in our next FREE FORTNIGHTLY newsletter, posted as always on this blog. Back copies are available free from our website, www.stpt.com.au
