2016 # 045 - Charles Nenner Research - Australia Stocks Newsletter - Nov 28th, 2016

 

ANZ Banking

No change since last update.

Daily cycles are now bottoming again and will be up until around DEC 28.

A close above 28.47 will be a new buy signal.

If triggered, the signal will be canceled on a close below 27.20.

 

BHP Billiton

The stock is not in sync with its cycles.

We are staying on the sidelines for the moment.

 

Commonwealth Bank

We continue to stay on the sidelines for the moment.

 

CSL

Daily cycles are now bottoming again and will be up until around DEC 21.

A close above 101 will be a new buy signal.

If triggered, the signal will be canceled on a close below 96.

 

National Australian Bank

The stock closed above 28.80 and is on a new buy signal, as long as there is no close below 27.30.

Daily cycles are up until around DEC 22.

Our upside objective is around 30.30.

 

Rio Tinto

The stock closed above 59 and canceled the sell signal given around 57.50.

We are staying on the sidelines for the moment.

 

Telstra

The buy signal given around 4.84 continues, as long as there is no close below 4.95.

Daily cycles are up until around DEC 16.

Our upside objective is around 5.30.

 

Woodside Petroleum

Daily cycles are now topping again and will be down until around DEC 8.

A close below 30 will be a new sell signal.

If triggered, the signal will be canceled on a close above 31.50.

 

Woolworths

Daily cycles are now topping again and will be down until around DEC 15.

A close below 23 will be a new sell signal.

If triggered, the signal will be canceled on a close above 23.50.

 

Wesfarmers

The buy signal given around 41.80 continues, as long as there is no close below 41.15.

Daily cycles are up until around JAN 2.

Our upside objective is around 44.

 

Flight Center

The stock closed above 31 and is on a new buy signal, as long as there is no close below 31.

Daily cycles are up until around DEC 27.

Our upside objective is around 39.

 

© 2016 # 045 - Charles Nenner Research - Australia Stocks Newsletter - Nov 28th, 2016

 

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