XAO Indicator

This blog is intended to be read in conjunction with the XAO Indicator which can be found at http://www.asxindicator.blogspot.com/.

I am not a financial adviser so you should not take any part of this blog as being financial advice. Observing and interpreting charts is a hobby and so is this blog. The information in this blog is just my opinion, it may not reflect reality. Stock market investing is risky - you can lose all, or potentially more than all of your money given certain market conditions. Not only can lose a lot of money buying shares, you can also lose a lot of potential profits by selling shares at the wrong time. So please do not buy or sell shares because of information in this blog. Whether you buy or sell shares is your decision as is the decision when to buy and sell. Do not risk any money you cannot afford to lose. Do not risk any money if you do not fully know and understand what you are doing.

Monday, February 7, 2011

ATN gives buy signal

ATN is one of my favourite stocks. It is only worth $26 million so it is a very small company but it has a lot going for it. ATN is involved in mineral exploration operating geographically in Australia and Brazil. The company mainly focuses on Mt Webb Project in Western Australia. I vary my holdings in ATN according to what its share price is doing. At the moment it is telling me to increase my holding. This chart tells me why. The vertical blue and red lines tell me whether the XAO Indicator is red or blue - currently it is blue. This tells me it is a good time to buy stocks. The blue arrow is my timing indicator. It appeared again today. Let's see if ATN runs up now. (Disclosure: I own shares in ATN).
Click on chart to enlarge
Posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)