ASX selected resources stocks: March 2011

XAO INDICATOR: This blog is intended to be read in conjunction with the XAO Indicator http://www.asxindicator.blogspot.com/

DISCLAIMER: I am not a financial adviser so you should not take any part of this blog as being financial advice. Observing and interpreting charts is a hobby and so is this blog. The information in this blog is just my opinion, it may not reflect reality. Stock market investing is risky - you can lose all, or potentially more than all of your money given certain market conditions. Not only can lose a lot of money buying shares, you can also lose a lot of potential profits by selling shares at the wrong time. So please do not buy or sell shares because of information in this blog. Whether you buy or sell shares is your decision as is the decision when to buy and sell. Do not risk any money you cannot afford to lose. Do not risk any money if you do not fully know and understand what you are doing.

DISCLOSURE: I currently own shares in most of the companies mentioned in this blog. I may sell some or many of those shares at any time.

VERTICAL LINES ON CHARTS: The vertical red and blue lines on the charts mark the turning points on the XAO Indicator. In my experience price on most stocks (including the penny resources) tend to decline when the XAO Indicator is red and tend to rise when its blue.

HOME PAGE: http://asxresources.blogspot.com/

Monday, March 28, 2011

AOH - chart is not a 'good look'

Having broken down below 29.5c, the stock rallied back to that level and seems to have found resistance.

Thursday, March 10, 2011

GCR: possible shining light in a falling market

I like this chart. It is gently sloping upwards and now my proprietary indicator has turned blue giving a buy signal. However the XAO Indicator (http://asxindicator.blogspot.com/) turning red today is a major negative.