Australian Sharemarket Traders Report - May 26, 2015

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

JB Hi-Fi (JBH) : In a strong up-trend with the formation of a pennant and breakout candle close above upper pennant resistance triggers long setup.

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Qantas (QAN) : Has retraced from recent highs in an orderly fashion. I’m looking for a breakout from the upper line resistance to trigger a long setup trade.

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Woodside Petroluem (WPL) : After a sustained downtrend this has moved sideways and looks ready to breakout from resistance of $36.80.

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Cooper Energy (COE) : Early up-trend with higher highs and lows and the 20 day ema is bullish.

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Happy Trading


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