ALLIANZ BRIC @ 162p

ALLIANZ BRIC Fund price broke above 200ema (110p) at the start of May 09 and retested support at 112p in July 09. The fund is a STRONG BET on Commodities, with 4 of the 5 top holdings in Oil and Mining.

Top 5 holdings are :
1. PetroBras - Oil 6%
2. GazProm - Oil 6%
3. Vale - Mining 5%
4. InfoSys - IT 4%
5. LukOil - Oil 5%

50ema (165p), 200ema (142p) BB Bands are 160-177p
Watching for a pullback to 165p (50ema). I will be adding to my holdings on a 16% pull back (seen in Jun09 when the fund fell from 133p to 112p) from the recent High 176p to 148p with Stop at 200ema (142)p

Low @ 73p Nov08. High @ 200p Jan08 195p May08

SELL triggered @ 172p in Summer 2008 50ema < 200ema
BUY triggered @ 110p in May 2009 50ema > 200ema

 List of fund holdings can be found at http://www.h-l.co.uk/funds/fund_analysis/sedol/B0WDH72