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[CU]

2007-06-17 daily chart ($1.86)

Ausgroup Technical Analysis:

Comments:

Daily Chart - stock formed a bearish long upper shadow candlestick pattern on 8/6 and has since drift away from its immediate semi-log uptrend. Bearish divergence found in daily MACD

Conclude: stock price could further drift lower for sideway consolidation along $1.72


 

[CU]

2008-02-10 Weekly Chart ($1.14)

Ausgroup Technical Analysis:

Comments:
2008-01-17 UOB-KayHian keeps AusGroup (5GJ.SG) at Buy with target price at S$2.20

Weekly Chart - the stock has formed a bearish weekly Double-Top Reversal breakout since mid-Jan. Current rebound is viewed as a "dead-cat bounce" just like the previous case in Capitaland (2008-01-27)

Conclude: semi-log target off the bearish pattern points to $0.66

[CU]

Ausgroup 2008-03-23 Daily Chart [$0.635]

Price pattern recognition:
Share price is basically stays within downtrend

Indicator observation:
14days MFI observed minor divergence, bullish Hammer & double Doji's appeared over last three trading days after a gap-down

Additional note:
1st turning point - see chart

Expectation:
The minor divergence together with bullish candlesticks could lead to a minor technical rebound (or reaction-rally) for an initial "cover-gap" action back along $0.70+ level

[HC]

Ausgroup (2008-04-24 Closing Price $1.04)

Price printed a small bodied black candle when approaching last significant high, I don't think it will move any higher this round.

[HC]

Ausgroup (2008-11-09 Closing Price $0.27)

Price has broken the down trend line and move higher on high volume. Though the last bar showing big volumes is encouraging, the distribution chart shows that there is big seller selling while small buyer buying in the late afternoon warrants cautions.  Don't be too kangho on this one as insider is selling too.  Immediate resistance 0.305.