BXB – Brambles Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

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Code:

Company Name:

Sector:

Size:

 Confirmed Trend:
 

BXB

  

Brambles Ltd

  

Professional Services

  

ASX Top 20

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Commentary:

Brambles Ltd has confirmed a medium term up trend – making a Dow Theory entry on a weekly chart. 

A close below $6.25, the previous trough, would prove this recent up trend wrong.

BXB has a fantastic 76% win percentage when using Dow Theory, in conjunction with a close above the 12th weekly bar after a protracted downtrend (to avoid whipsaws).  Using this method, the profit to loss is also 3 to 1.

Click the chart below to enlarge:

Previous Trend Changes:

     - November 2009, Dow Theory Exit Signal at $6.51

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February 1, 2010  Tags: , , , , ,   Posted in: Research On Australian Stock Trends

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