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TIME TO LOOK AT THE CYCLICAL - ABC

Chart Forum » Stocks - ASX: long term & fundamental » TIME TO LOOK AT THE CYCLICAL - ABC

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peterloh
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Username: peterloh

Post Number: 3013
Registered: 03-2003

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Wednesday, May 06, 2009 - 12:23 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



It is time to look at the cyclical, for this is the most bashed besides the resources. When things becomes good, it is the first cab off the ranch.
I like ABC who only look after the domestic market.It is a good day, today as BLD sold all its holding in ABC. This will allow some other big guns to come in as BLD, no longer has control over it.
When we come out from recession, this one will have at least 50% build into it within a year. The company has a recent capital raising, so its balance sheet is also strong.

In the weekly 3 years chart, ABC's SP is above the 30 weeks
MA, Weinstein's followers may be interested to know.

In the daily chart, ABC has broken out and has come back to retest its resistance level today. I bought this one only recently and now that it has broken out, I have added more on its retrace.

Disclaimer: caveat emptor





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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Username: peterloh

Post Number: 3032
Registered: 03-2003

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Sunday, May 31, 2009 - 10:32 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



ABC has gone up 10%. I also managed to get a few at $1.80 each.




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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peterloh
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Username: peterloh

Post Number: 3155
Registered: 03-2003

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Friday, July 24, 2009 - 03:39 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



This material stock hasn't done much since I last posted. Is it easy as ABC from now on?




-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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hershy
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Username: hershy

Post Number: 2383
Registered: 10-2002

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Saturday, July 25, 2009 - 04:50 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Peter
Looking good from here. Commodity Channel indicator has just rejected the zero line. This is usually a bullish sign and akin to a compass pointing north.

I have enlarged the important bits of the CCI chart








I do it doji style !

http://members.optusnet.com.au/~hershy/

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peterloh
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Username: peterloh

Post Number: 3208
Registered: 03-2003

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Thursday, August 13, 2009 - 07:03 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hershy, our resident chartist, calls it well 99 times out of 100.ABC has now broken out and it is in the blue sky in our 6 months chart. We will have to get a 1 year chart to locate our location, the next time.





-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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