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BIL - negative divergence with stoch oscillator - buy??

Discussion in 'Stocks 0-H' started by markrmau, Dec 15, 2004.

  1. markrmau

    markrmau

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    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).
     

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  2. tech/a

    tech/a No Ordinary Duck

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    Actually when and if it completes it will be a positive divergence.
     

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  3. markrmau

    markrmau

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    Re: ASX..ELLIOTT WAVE PART 2

    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.
     

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  4. markrmau

    markrmau

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    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.
     

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  5. GreatPig

    GreatPig Pigs In Space

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    This T/A bought in yesterday for $7.81.

    Cheers,
    GP
     
  6. markrmau

    markrmau

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    oops stuffed up the chart.

    Also should note that trailing indicators - macd and parabolic sar are also indicating buy
     

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  7. markrmau

    markrmau

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    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)
     
  8. Investor

    Investor

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    I have 6,000 shares bought at $4 and loving it. :D
     
  9. DTM

    DTM

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    BIL's touching the 70 dma barrier of $8.03. It will be interesting to see if it can break it.
     
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