@BarrenBuffett realised i neglected to point out the most...

  1. 1,020 Posts.
    @BarrenBuffett realised i neglected to point out the most obvious when you asked re ARV chart...
    Dominant candle 13/07/17 followed by a bull flag on reducing volume.
    flag pole had spread of around 3cents, so a breakout from the flag gives a target of approx 9cents + same spread of 3 = 12cents approx.

    which has already played out on breakout 27/07.

    have sold half but will watch for same to happen here, either another bull flag or a pennant to form off this dominant two days .09 to 12.5, with some profit taking on reduced volume.
    if it keeps going here then great, but could be ready for a breather & consol phase, would be the most healthy thing for it to do here imo.

    let me know what you think
    Last edited by raskolnikov: 30/07/17
 
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