ASX Traders Report - Australia, March 16, 2015

ASX Traders Report - March 16th

All Ords Index: Retraced last week and challenged the 5,700 support level. Prices are now trading under the 20 day moving average which has turned slightly downwards. A further pullback to the 5,700 is possible before we see a resumption of the up-trend. The index is still trading well above the longer term 50 day moving average.

All Ords Index

All Ords Index

Domino Pizza (DPZ) : looking for a breakout from the upper trend-line.

Domino's Pizza (DMP)

Domino’s Pizza (DMP)

M2 Group (MTU) : resistance breakout and new high, well supported by the 20 day moving average.

M2 Group (MTU)

M2 Group (MTU)

Mantra Group (MTR) : Ascending triangle resistance breakout for a strong technical pattern long trade possibility.

Mantra Group (MTR)

Mantra Group (MTR)

Happy trading

Flavio

Disclosure:

None.

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