Charlie's Charts 9th August 2017

The local market remains trapped in the sideways struggle between the bulls and the bears with the reporting season continuing to show up a few volatile reactions to the results.

Australian Pharmaceutical dropped 13 per cent after their results announcement.

IOOF jumped after their results came out.

The gold price has been finding it difficult to make a strong move up.

Getswift is a smaller stock that has been creating some keen interest during a very strong run up.

Service Stream continues to hold above the recent breakout.

Rare earths producer Lynas has been on the move with increasing interest in the sector.

Copper stock Oz Minerals.

Aristocrat Leisure has bounced up from a previous support level.

GBST is forming a triangular consolidation pattern before moving higher or lower, time will tell.

Pilbara Minerals is forming a triangular pattern.

Table

Disclaimer: The commentary and trading positions taken are for educational purposes only and are not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column. Monitor, measure, manage and maximise…Cheers Charlie.