InvestMoneyLab : Easy Strategy to Invest Money | World Markets | Stock Trading | Forex TradingASX Stock Market http://www.investmoneylab.com Invest Money Makes Easy Fri, 22 Jan 2010 01:54:37 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Australia All Ordinaries Index Stock Market Trends June 17, 2008 http://www.investmoneylab.com/stock-market/asx-stock-market/australia-all-ordinaries-index-stock-market-trends-june-17-2008/ http://www.investmoneylab.com/stock-market/asx-stock-market/australia-all-ordinaries-index-stock-market-trends-june-17-2008/#comments Tue, 17 Jun 2008 15:08:27 +0000 KP http://www.InvestMoneyLab.com/?p=75 As I continued to learn more and more, I tried to perform scanning using my candlestick rules on World indexes. I noticed a bullish engulfing formation on Australia All Ordinaries Index today. So coincidence that I found the index is sitting near the support line which is the previous low.

Candlestick like bullish engulfing is very useful to track the short term movement of the stock market trends. Plus, sitting on a support line can offer good risk reward for a Long trade. The money flow index (MFI) also in the oversold region.

I do not trade on the Australia market but this new finding excites me to start a new post on Australia market. I do not know when I will do another post on Australia stock market trends, however, I still decided to post it first to share with everyone out there and also keeping it as journal for my own learning.

Hope you will like this… ;-)

Australia All Ordinaries Stock Market Trends June 17, 2008

DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.

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