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WPL - it's getting slippery

Chart Forum » Stocks - ASX: long term & fundamental » The Squawk Box » Lesson Galore » WPL - it's getting slippery

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holycow
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Username: holycow

Post Number: 1907
Registered: 08-2004

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Wednesday, October 19, 2005 - 04:26 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)






1) Caution time - WPL is sitting on some pretty solid support at around 31.40; should it fail (I am giving it a probability of 60:40), it is looking at 30, which I suspect will provide enough traction to stop the slide. jmv

2) If you look at the weekly chart on the right you can see it has come a long way - here's a question for ya - when is enough is enough? What is your next target? A 50% gain from here will mean the SP is looking at 31.8*1.5=47.7 - reckon this is achievable?


HC

"... if you've got a chart, I have an opinion!"

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holycow
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Thursday, October 20, 2005 - 12:46 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)



... as a follow up, here's the Brent crude chart. Have to say it doesn't look very bullish.




HC

"... if you've got a chart, I have an opinion!"

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holycow
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Light Crude Oct 20







HC

"... if you've got a chart, I have an opinion!"

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holycow
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Heating Oil Oct20


1) seems to follow the general direction of others...


HC

"... if you've got a chart, I have an opinion!"

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