|
Home
Up
Co-brand
Partnerships
Vote
for Us
| FREE
EMAIL |
|
| |
| NEWS
SEARCH |
|
| WEB
DIRECTORY |
|
| WEB SEARCH |
|
| CITY
GUIDES |
|
|
| WEATHER |
|
|
MASTERING
THE TRADE
ORIGINAL, INTERACTIVE
SEMINAR ON TRADING USING
TECHNICAL ANALYSIS
|
| |
| EARNINGS
ESTIMATES
|
|
|
| U.S.
QUOTES |
|
|
| U.S.
CHARTS |
|
|
| TECHNICAL
OPINION |
|
|
| CANADIAN
CHARTS |
|
|
|
SEC FILINGS
|
|
|
| BROKER
RESEARCH
|
|
|
| |
|
01/18/00 Westpac Banking (WBK)
Points to watch: Westpac
has spent the past 2 months trading in a narrow range between 33-35.
The stock closed at the upper end of its trading range on Friday at 34.88,
a level that acted as resistance on November 11th and 23rd, and again on
December 22nd.
Technical
indicators have turned positive. Daily MACD crossed above 0 on
Friday giving a buy signal. Daily RSI turned up on January 12th, and
both daily and weekly OBV and stochastics are rising. Additional
strong resistance exists at 35.4 on the weekly chart. A buy signal
would be given on a break above 35.4, with the next upside resistance
after a break at 37-37.1, 38.5, and 39.4. Support is at 33. |
DISCLAIMER
|
