Australia ASX All Ords Composite chart analysis ;1) Keep your eyes on that circle (see chart)
2) Resistance = 50 days exp MA
3) Safe re entry level is price break out above 4700
4) If you did buy ; use 4500 as your stop
Gut feeling ? Lots of talks about BRIC nations but Australia is a "must own" in a global portfolio.
1 comments:
Hey Moise,
It would seem to me the way to play and own this theme from home is through the EWA as I read your post from Oct. 08. My question is has it come too far too fast? It looks to be facing some resistance but I am a novice with TA..Also, the EWA appears to be in tandem with the S&P do you see decoupling ahead that would make this a must own compared with the S&P?
-DH
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