Wednesday, 27 April 2011

Ausgroup

Ausgroup: One of Australia’s leading manufacturing / fabrication, construction and integrated services companies, servicing the oil and gas and mineral resource industries.




Updated on 29Apr:
Currently, Ausgroup has proposed dual listing in ASX, the result will be announced by 30Jun2011'. The Co. recently awarded A$60mil from karara early work contract. However, the main contract is worth excess A$200mil, this is the chance for Com to secures more contracts in future. Q111' earning result expects to be announced on next 1~2weeks time.

If the correction is triangle pattern, the share px most likely will touch $0.455 and start bounce up. Keep monitor the px movement!
Updated on 29Apr closing mkt:


Updated on 3May:
If price breaks down $0.440, try not to get in so early, cause below $0.440 there has no clear support price,. this may causing the price further down. Wait for clear picture then get in.

Updated on 4May market closed:
As mentioned on 3May earlier, px at $0.440 shows it's support effect. Next, we need to monitor the px whether able to breaks up the resistance line with high volume, to prove the next impulse wave 3 is in proceed.
Updated on 10May market closed:
Today px touches the resistance line @ $0.475 and rebound down, close at $0.460. Bad thing is the px still unable to break up the resistance, good thing is we know that the resistance is "valid" and "effective" in this chart. Another thing is indicators at this moment still show bull signal. Now we have to wait the px break up the resistance line. Good Luck!
Updated on 19May:
Today px finally breaks up $0.460 resistance line, the volume is considerably high. If end of the day, the px can remain above $0.460, it will has a chance to form another "flag" and TP $0.625.
Updated on 27May:
Price keep swing up and down inside the triangle
Updated on 31May:
Price breaks down $0.440, start trigger short sell acitivity. Today, price is oversold.
Updated on 1Jun:
Waiting for px bouncing signals and indicators. Compared same situation with history action

Updated on 2Jun:
Today px started open at $0.375 (touch flag bottom support line and 78.6% of wave). In order to confirm px bouncing up signal. Tomorrow, we need to take note on "stochastic", "macd" , "volume" and candlestick. (pls refer chart)
Updated on 3Jun:
Today px keep upwards, and all indicators movement as my yesterday prediction has 80% similarity~ Yeah!
Updated on 7Jun:
Today indicators remain upwards signals, In short term, should take note on those resistances.