Ok, I would like to walk through what a T/A person would do with BIL.
BIL - negatives: concern over AUD/USD impact on earnings.
However, perhaps it is now in an oversold position. Also the price seems to be making a negative divergence with the stoch. osc. (perhaps too early to call this though). (Price is making new low which is not confirmed by the oscillator).
What would a T/A do now, assuming the negative divergence is completed? (I expect thurs/fri).
tech/a
16th-December-2004, 08:05 AM
Actually when and if it completes it will be a positive divergence.
markrmau
10th-May-2005, 06:29 AM
And Elliot Wave in brambles intraday.... incidentally, brambles had a pretty good reversal yesterday (almost a key reversal), so if sustained today it is possibly worth a quick trade.
markrmau
12th-May-2005, 01:03 PM
1. BIL tends to bounce off it's 120 day MA (and has just done so)
2. Another positive divergence with stoch oscillator - however, these price actions were a month apart, so arguably, this is not a valid buy signal.
However, bil looks good to me, will buy on close.
GreatPig
12th-May-2005, 01:17 PM
What would a T/A do now
This T/A bought in yesterday for $7.81.
Cheers,
GP
markrmau
12th-May-2005, 02:24 PM
oops stuffed up the chart.
Also should note that trailing indicators - macd and parabolic sar are also indicating buy
markrmau
13th-May-2005, 02:04 PM
Holy cow, BIL is currently up 6c in a market that has gone down 1%
This is showing VERY strong buying pressure.
(disclaimer: I have 2420 shares)
Investor
13th-May-2005, 02:16 PM
I have 6,000 shares bought at $4 and loving it. :D
DTM
13th-May-2005, 02:27 PM
BIL's touching the 70 dma barrier of $8.03. It will be interesting to see if it can break it.
