Sunday, January 22, 2017

Australia all ordinaries index technical analysis chart and technical tips updated on 23rd January 2017 Monday




Australia all ordinaries index finding support at current levels @ 5702.

Bears will be favored once index closes and holds below 5702.

If fails to close below 5702 then some bounce back can be seen in All ordinaries index.

Australian Investment management firm "Allan Gray" said that companies that floated in the last three years disappointed in 2016, with none securing a spot in the 10 best performing stocks among the ASX All Ordinaries.

Tuesday, January 17, 2017

Australia All Ordinaries index technical chart and tips updated on 18th January 2017 Wednesday




Index witness selling from resistance zone as shown in previous technical charts.

This indicates further weakness is expecting in coming days.

News - Australia all ordinaries index fell yesterday 44.80 points or can say 0.77% and made it close at 5776.80.

Wednesday, January 11, 2017

Australia all ordinaries index technical chart and forecast updated on 13th January 2017 Friday




All ordinaries index technical chart indicates that index is finding resistance at current levels.

Further price rise expecting once index closes and holds above its resistance zone @ 5876.

As long as it holds below correction expecting.

News - Australia all ordinaries index is on rise because of rally in metals and mining stocks, the rise is due to spike in commodity prices.

Due to this investors invest in energy and mining stocks. All Ordinaries Index rose 0.3% to 5823.7.

Sunday, January 8, 2017

Australia all ordinaries index technical chart and technical tips updated on 09th January 2017 Monday




Australia all ordinaries index technical chart finding strong resistance at current levels @ 5818.

Further price rise can only be seen once it holds above 5818.

If index fails to holds above its fibonacci retracement then correction expecting.