At last for Australia!... For those that did not believe in flags.

    All Channels      Market Reviews  

Derek  13 Oct 2017

Morning,

International:
There were profittaking in all the indices in the US yesterday. This morning the East is all positive with the Nikkei leading the pack.

I must show Australia! It finally broke top resistance with a gap. I think this is the end of this long sideways movement.



I did show Bank of America previously in the overbought area. It has now fallen back below the break line. Notice how divergence showed the top.



JSE Technical:
And for those of you that did not believe my flag formations? After showing Aspen a few times forming its flag, it smashed resistance with the second best rise (+4%)on the JSE. Next resistance R341. Flags are one of the most profitable formations you can get!



After a nice run, Remgro closed against resistance in overbought territory. Notice all the indicators.



Enjoy your weekend.
Download TradeFX™
 

Copyright © 2017 {Zoclee}™. All rights reserved.