Business
  • Charlie's Charts

Charlie’s Charts 1st December 2021

The local market dropped to the bottom of the sideways trading range as a new variant of Covid first hit the news and then briefly bounced off the support zone. Where to from here? The US based Nasdaq index has formed a bearish divergence with the MACD indicator on the daily chart. Dubber is one of the Golden Bull stock picks and looks to be consolidating the recent move up. Jumbo Interactive is on a slow grind upwards and is also a Golden Bull pick for the coming year. Recently listed Siteminder is another stock on the Golden Bull stock […]

Dec 1, 2021

  • Charlie's Charts

Charlie’s Charts 24th November 2021

The local market is trading sideways for now. The price of gold tumbled on the news that Jerome Powell would be reappointed Fed chair. Telstra looks to be consolidating the move to fresh yearly highs. Lynas looks to be moving from strength to strength. Pilbara Minerals has a similar looking pattern to Telstra. Mineral Resources has broken the downtrend line. Lovisa looks to be holding the recent move up for now. A nice graph showing  house price movements since 1980. Table Disclaimer: The commentary and trading positions taken are for educational purposes only and are not an invitation to trade. […]

Nov 24, 2021

  • Charlie's Charts

Charlie’s Charts 17th November 2021

The local market resolved the potential bullish flag pattern briefly making a spike low then moving up and could be positioning for a higher low. St Barbara looks to be making a nice retracement to the breakout area. Gold Road has moved above the previous high and resistance zone. Atmos has made an interesting retracement. Auckland Airport looks to be consolidating above the resistance zone. The Hydrogen ETF is having a nice run after listing early in October. Hearts and Minds Investments has been in a holding pattern for a while. With the next conference only weeks away it may […]

Nov 17, 2021

  • Charlie's Charts

Charlie’s Charts 10th November 2021

The local market looks to be forming a bullish flag type pattern. The price of gold has been on the move lately and is close to moving above recent resistance. A picture showing a seasonal trend in gold from November to February. Northern Star completed an ABC type move and we bought a parcel for the educational portfolio. St Barbara has also made a nice ABC type pattern. Cleanaway has moved to fresh highs. Incitec Pivot looks to be consolidating the move above resistance. Can Seek push higher from here? Syrah has again bounced off support and looks to be […]

Nov 10, 2021

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