@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
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- Short Term Trading Weekend Lounge 28-30th July
@BarrenBuffett realised i neglected to point out the most...
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