Traders Report December 29th Australia

All Ords Index

Strong gains over the past six trading sessions sees it coming in close proximity to resistance. The buying has been on low relative volume so the rally may pause at 5520 points before market direction is re-established.

All Ords index

All Ords index

Qantas (QAN)

Breaking out from the bullish pennant.

Qantas (QAN)

Qantas (QAN)

Ramsay Health Care (RHC)

Any weakness should find support at the resistance breakout level of $56.30.

Ramsay Health Care RHC)

Ramsay Health Care RHC)

TFS Corp (TFC)

Bottom consolidation forming an inverse head and shoulder. Looking for a breakout over $1.55

TFS Corp (TFC)

TFS Corp (TFC)

Fairfax Media (FXJ)

Double bottom neckline resistance broken.

Fairfax media (FXJ)

Fairfax media (FXJ)

Disclosure: None.

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