This website uses cookies to ensure you have the best experience. Learn more

Trading Strategies For Alina Limited (Australian Stock Exchange): Make A Buy, Sell Or Hold Recommendation Using Various Technical Trading Strategies

2615 words - 11 pages

Finance (Trading Strategies) 590 - Assignment David Luong - 12978652
Finance (Trading Strategies) 590Assignment ProjectPrepared ByDavid Luong (12978652)Table of contents2Introduction 3Alinta Limited 7US Dollar / Japanese Yen 10The Dow Jones Industrial Average 12Conclusion 13References IntroductionThis report aims to make a buy, sell or hold recommendation on Alinta Limited, a stock traded on the Australian stock market, the USD/JPY exchange rate, and the Dow Jones Industrial Average based on fundamental and technical analysis. This report largely focuses on technical analysis where the use of Chart Patterns such as Wedges, and Triangles are examined, trends such as the use of Moving Average ...view middle of the document...

Two typical wedges are the ones seen about the start of June to the middle of June and throughout July. The one seen in June is defined as a rising wedge which is a bearish pattern that begins wide at the top and contracts as prices move lower. It is considered a rising wedge due to higher tops and higher bottoms. This rising wedge led to a small reversal as seen on the chart.There is another wedge seen which is a falling wedge seen in July which leads to a sharp rise in the month of August. This falling wedge is regarded as a bullish pattern that begins wide at the top and contracts as prices move lower. At the peak of this falling wedge is a high of $10.10 it falls to a low of $9.50, rises to a high of $9.90 and then falls to $9.40. After this final fall, the price then takes on a strong bullish resistance breakout and strongly uptrends on consecutive days to $12.00.From about mid August to the present a major reversal pattern called the double top. The double top is a major reversal pattern that forms after an extended uptrend. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal with a moderate trough in between. After a strong rally there is generally a price retreat, after this reaction is over, buyers attempt to push the price onto new highs but meets the same resistance as before. Once the price falls through the level of the trough, it falls even further and the support that was, now becomes resistance. In this instance, it sharply rose from about $10.00 to $12.00, formed a trough for about a month at about $11.20, and then rose sharply to $12.20 and then fell to $10.00.Using Moving Averages and in particular dual moving averages to Alinta's chart gives some good indicators on where to sell and when to buy the stock. The moving average used in this analysis is a Simple or Arithmetic Moving Average which is calculated by adding the closing price of a security for a number of time periods and then dividing by the number of time periods. This results in an average price over the time period.In this instance the short term Moving Average chosen was 10 days, and the medium term was 30 days. The Moving Average line which follows the actual prices is the 10 day one and the one that drifts further away is the 30 day Moving Average Line. When the short term line crosses the long term line upward it is called a golden cross and it is a sign of ascending. On the other hand, for the medium term line to penetrate the short term line downward it is called a 'dead cross' and it is a sign of the stock price decreasing. There is an initial cross on the April 29 which is considered a golden cross when the stock was about $9.20 led to a correct signal which led to the price rising to a peak of $10.50 to the next dead cross of $9.90 which was a sell signal about two months later. This sell signal was correct as the price plateaued till August where a golden cross was seen about August 11 when the stock was $9.90...

Other Essays On Trading Strategies For Alina Limited (Australian Stock Exchange): Make A Buy, Sell Or Hold Recommendation Using Various Technical Trading Strategies

no wonky wheel markitcart artial for how to make a business bluh bluh bluh - business - business

577 words - 3 pages supermarket carpark and see elderly people in particular struggle with shopping trolleys and I thought there must be a better solution," he says. "I just thought I just can't go and buy some of the conventional wire ones because they're just so bad, so I came up with a better design solution." The market cart may be a similar size to a traditional trolley, but its design make-over has made it easier to steer, safer and a rolling billboard for

The Bio-Psychological Approaches To Understanding Mental Events And Behaviour Result In More Conclusive Findings Than Using A Social Approach And/Or Examining Environmental Factors. Discuss

2275 words - 10 pages as simply the construction or assembly of a person's genes. Mental events and behaviour are an amalgamation of a series of contributing factors such as dyslexia, depression, altruism, schizophrenia, aggression etc. the areas that will be explored further will be depression and schizophrenia as these effect a large of proportion of the population and will make interesting examination.Depression is the most common psychological problem people face

"A Rose For Emily" (Faulkner) Or Something More? Talks Of Symbolism

1469 words - 6 pages A symbol is a person, object, or event that suggests more than its literal meaning. In the story 'A Rose for Emily,' the symbolism shows more about the character than is detailed by the author, William Faulkner. Symbolism helps to indicate several things in the story: how Ms. Emily was once innocent but later changes, how her hair and some other items helped to show her resistance to change, how the room where Homer died shows that she loved

The Proud Coward A Biography Of A Time When Ones Circumstances Must Be Stood For Or Trampled On

1436 words - 6 pages ." In that story, the son was known as the coward of the county. I can relate.I was a carefree feller. However, on a hot summer afternoon, the way I perceived myself had changed. From that day, a coward was the perception of me. I go back to the incident; I try to justify repeatedly in my head, my cowardliness. After all these years, I think to fight unnecessarily is not of wise acumen, and one must swallow his pride. Nevertheless, to fight for a

Narrative speech for English 101 or speech 101 class . Narrative essay on a first date - English 101 or Speech 101 - Essay or Speech

522 words - 3 pages plate in, food flying everywhere. Cue tikka masala. For those unaware, tikka masala is traditionally prepared with an orange curry sauce, which just happens to paint a blue shirt wonderfully. I scavenge the entire house a come up with one of my mom’s spare sweaters and I tie it around the target area. What felt like 5 minutes was actually 45. I arrive to the movies late, but not fashionably. The entire time my armpits are like leaky faucets which add

murder mystery about the killing of a wealthy woman for love or lust - biloxi high - essay

441 words - 2 pages 24/7 and she was always close if the body had her fingerprints and hair on it she had to be really close to Mrs.Harris at time of death. Ms. Wolston is also guilty because the room where the body was found was untouched. The police evidence states,”The room was not disturbed and there were no signs of forced entry.”(Mulder). This evidence show that Mary is guilty because for it not to be a forced entry it must be someone who knew there way

Research Of Investment Banks

8984 words - 36 pages therefore pointed out buy, hold or sell recommendation accordingly.Bond investors also need these high quality and independence research report.It is clear that they have been used heavily among investors, stakeholders, investment banks and issuer companies.How is a high quality and independence research ranked in reality? Every year institution investor asks investors to rank the overall quality of sell side research, and whether they felt it was

Efficient Market Hypothesis In Pakistan: Comparing Other Countries' Markets With Pakistan

5696 words - 23 pages are few long-term investors. The market has become incessantly dominated by speculators who invest only in order to make large short-term gains and for the reason make markets inefficient. A large majority of investors enter the market when it is strong and abandon it when it falls. [Muhammad Zubair] There is strong positive correlation between the volume of trading and expected rates of return. The contribution of the stock market to financing

Amazon.Com Case Study

5505 words - 23 pages first time. But despite the new market situation Amazon passed many milestones. The most important was probably the opening on the Nasdaq in May. The company started its trade at the stock exchange with 3,000,000 shares for a price of US$18 per share. Moreover, Amazon recruited several market specialists from other large companies, and added several new features and services such as a new recommendation centre and the 1-click ordering. Amazon.com

China, Indonesia And South Africa. The Different Cultural, Political And Social Dimensions Of The Countries And How They Affect International Business

3836 words - 16 pages that try to sell into China," he added'. ("Background Notes: China." U.S. Department of State. Nov. 2000) Despite the communist and'corrupt' style of rule governing China, the tide is gradually favouring a 'democratic business style,' making the potential gains in such a densely populated country for an Australian or foreign organisation enormous.IndonesiaGiven that 88% of Indonesians are muslim, it is interesting that a theocratic totalitarianism

in the business about hedge risk analysis - UniSA - assignment

815 words - 4 pages replicate the exposure of portfolio through using CDS. (Pinsent, W. 2018) In addition, CDS can view the credit quality of entity. If the investor have positive view of the credit of the company can sell protection and it can also collect the payment (Pinsent, W. 2018), conversely, investors can buy protection for a relatively small periodic fee and receive a big payoff if the company defaults on its bonds or has some other credit event. (Pinsent, W

Similar Papers

Teaching Strategies In A Multicultural Setting Unisa Assignment

1748 words - 7 pages . • By varying teaching strategies different learning styles are accommodated. • E.g. one can mediate learning by varying direct teaching with inquiry-based learning etc. • By using various teaching strategies it is ensured that learners occasionally learn in a way that is in line with their own learning style. • Learners become acquainted with learning strategies differing from their own, but which can be used in learning other activities

This Is A Sample Of Memo For Technical Writing Student For Technical Writing Students University Of Idaho Instruction

531 words - 3 pages How to Plant a Tree in 12 Easy Steps Planting a tree benefits the environment significantly and it’s easier than you think. Just follow the steps below. 1. Select the right tree for your location. Use a tree that will grow well in your part of the state and make sure it has plenty of room — vertically and horizontally — for the canopy and roots to grow. 2. Dig the hole at least twice as wide as the root ball. Dig a square hole no deeper than

Econ 323 Mock Question, Make It Possible For A Review Session University Of Calgary Mock Final

2406 words - 10 pages . Explain each of them. (d) Define economies of scale (for this, you can assume in particular the type of tech- nology that we assume for MC). What is the role that plays in MC? (e) Imagine consumers buy differentiated goods and when you look at countries statis- tics you observe there are lower prices in a country A relative to a country B. Someone concludes from this that welfare in country A is greater than in B. Do you agree or disagree? Justify

Compare And Contrast On A Reading About Views Of Birds, With The Use Of Rhetorical Strategies. Virtual Ap Language And Composition Compare And Contrast Essay

571 words - 3 pages commented on the beauty of the birds. Dillard goes into talk about how the flocks almost unravel like yarn or a cloth, while Audubon mentioned their form as the true beauty. Audubon says how he cannot explain to the audience the beauty of the birds in this quote, “I cannot describe to you the extreme beauty of their ariel evolutions.” This gives the audience a different sense of imagery, one from each passage, Dillard goes into detail of what she