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Asia-Pacific Markets Charting Asia with Daryl Guppy

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  Tuesday, 8 Nov 2011 | 6:44 PM ET

Dow to Reach Next Target of 12,600 in January: Charts

Posted ByDaryl Guppy

The head and shoulder pattern on the Dow achieved its exact target projections. This was followed by a period of L-shaped consolidation activity. The weekly close above 11,600 was clear evidence the L-shaped consolidation breakout was confirmed. The initial upside target for the breakout was near 12,300. This was calculated by using the projected value of the head and shoulder neckline.

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  Tuesday, 1 Nov 2011 | 8:14 PM ET

Charts Suggest a Further 20% Downside for Olympus

Posted ByDaryl Guppy

The free-fall in Olympus stock in recent weeks, roiled by a deepening scandal over massive M&A payments which came to light after the sudden axing of its CEO Michael Woodford, took the investment world by surprise. While details of the past deals remain murky, the outlook for its shares is clear, with further downside expected according to technicals.

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  Tuesday, 25 Oct 2011 | 1:47 AM ET

Apple in Strong, Stable Trend: Charts

Posted ByDaryl Guppy
Despite recent bad news, investors have been reluctant to sell out of Apple's stock, suggesting the stock is in a strong and well established trend. »Read more
  Tuesday, 18 Oct 2011 | 8:03 PM ET

Dollar Index to Retest Lows Near 72.50: Charts

Posted ByDaryl Guppy
There is a reasonable probability the U.S. dollar index will fall below 74.50 and retest the lower edge of the base of the symmetrical triangle pattern near 72.50. Traders will look for a consolidation pattern to develop between 72.50 and 74.50. »Read more
  Tuesday, 22 Nov 2011 | 6:57 PM ET

Downside Target for Euro-Dollar Is $1.29: Charts

Posted ByDaryl Guppy

Eurozone uncertainty and the potential implosion of the euro is reflected in the volatility of the euro-dollar chart. It’s useful to step back from the raging volatility of daily trading and look at the bigger picture using a weekly chart. This helps to put the daily price activity into a broader context. The picture may remain confused and chaotic but there is usually a broader perspective of the context of the daily price activity.

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  Tuesday, 15 Nov 2011 | 6:53 PM ET

Upside For Oil Capped at $110-$115: Charts

Posted ByDaryl Guppy

Viscosity is a measure of the stickiness of oil or put another way, a measure of the degree of slipperiness. The viscosity of the oil trend is determined by a combination of static and dynamic factors.

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  Tuesday, 11 Oct 2011 | 8:02 PM ET

Copper in Downtrend, Could Test $2.80: Charts

Posted ByDaryl Guppy
There is a strong downtrend in copper and it will not be easily reversed. The historical activity shows strong consistent support near $2.80 and there is a high probability this level will be tested again. »Read more
  Tuesday, 4 Oct 2011 | 8:06 PM ET

Shanghai Index Next Support Level 2,300: Charts

Posted ByDaryl Guppy
Historical support on the Shanghai Index is near 2,300 and the market is moving slowly towards a test of this level. »Read more
  Wednesday, 28 Sep 2011 | 2:41 AM ET

Gold's Key Support Level is $1545: Charts

Posted ByDaryl Guppy
Gold's sudden fall from $1920 to $1630 suggests a major change in the trending behavior of gold. This trend dislocation is as severe as the trend dislocation in the Dow but it came without the same high level of warning. »Read more
  Tuesday, 6 Sep 2011 | 7:26 PM ET

Dow Rebound Likely, Could Reach 12,400: Charts

Posted ByDaryl Guppy
The Dow appears to be consolidating with a rebound likely in the near term, says technical analyst Daryl Guppy. The blue-chip index could reach as high as 12,400 according to its chart. »Read more

About Charting Asia

  • Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.

 

  • Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.