Let’s analyse the technicals of Palladium taking a bottom up approach beginning with the weekly chart.
PALLADIUM WEEKLY CHART
I have drawn a Fibonacci Fan from the June 2012 low to March 2013 high which has shown some very nice...
Austin Galt
Austin Galt is The Voodoo Analyst. I have studied charts for over 20 years and am currently a private trader. Several years ago I worked as a licensed advisor with a well known Australian stock broker. While there was an abundance of fundamental analysts, there seemed to be a dearth of technical analysts. My aim here is to provide my view of technical analysis that is both intriguing and misunderstood by many. I like to refer to it as the black magic of stock market analysis.
My website is www.thevoodooanalyst.com
Articles by Austin Galt
There has been quite a bit of chatter recently about interest rates in the US with many proclaiming interest rates are now headed up. Are these voices right? Having just analysed the technicals of the 30 Year US Treasury Bonds, it is my...
The Footsie has just broken some key support I have been monitoring. We already know from previous analysis of the longer term charts that this bull market is on its knees. So let’s look in close at the daily chart to see what this...
Copper got a bit of press attention recently with headlines of a plunge in price. This was in early January and I hadn’t looked at the copper chart for a few days and I was gobsmacked when I did. A plunge they say?! What a load of baloney...
We are all aware, or those that follow the UK market are, that there is a massive triple top formation in play on the Footsie. That’s all well and good but let’s try and really nail it down by looking at both the daily and month charts...
It seems like only yesterday I was writing about the Aussie stock market, the ASX200. Oh, hang on, it was. Well, only a few days ago. Since then price has exploded to new rally highs. While I was confident of this happening I wasn’t...
I have been calling for new rally highs in the Australian stock index, the ASX200, and nothing has changed my view on that. The only thing that has changed is my confidence - it has increased. Let’s find out why beginning with the weekly...
The Dow made marginal all time highs in early December before turning back down. Many people are now jumping at shadows with every correction that takes place. This is understandable given the Dow’s precarious position but it is my...
The US dollar has surged in recent months breaking some obvious resistance levels. This has brought out many calls for an even bigger move up. While this is possible, I suspect a big fake out move is in play. Let’s investigate.
Firstly...
Firstly...
The Bovespa is the Brazilian stock index and is based out of Sao Paulo. Let’s take a top down approach to the technicals beginning with the yearly chart.
BOVESPA YEARLY CHART
We can see price made an all time high at 73920...
BOVESPA YEARLY CHART
We can see price made an all time high at 73920...
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