mongolian power struggle, page-15

Mixed signals on this one, weekly stochastic is rising, but also at a level where past failures occur.

Weekly RSI is bearish, and has been since July last year.

Weekly bollingers are squeezing, suggesting a fairly big move is ahead. I try and not be smart and predict up or down when that happens :))

As Adventra pointed out, failed to break up through the October 2011 low/July 2012 high of $58.50.

Shorter term, daily stochastic is falling, and RSI below 50 is also bearish.

Fell below the 50% fib, just enough to close one gap but left a couple more which will be filled, and upside ones too in the longer term.

Then rallied to the yellow line, the 50 day sma, which has capped it last couple of days. Obviously needs to go above.

The May fall was roughly $14, and a repeat now coincides with a channel bottom of $44.

So, at a middish level now, with reward about $5, and risk about $5 minimum to $9 possible, but indicators favour the downside.