short term trading week starting - 22 oct, page-68

  1. 1,653 Posts.
    SGQ

    Chart for tomorrow looks amazing. The bounce after the fall hit so many support indicators I can hardly make them all out.

    fibs
    61.8 from the most recent low.
    50 from the low before that
    38.2 from the low that started the major rally
    38.2 from the all time low

    Also bounced off the trendline from the major move up
    And 2 touches of support in the 28.5-30.5 zone
    And (although I don't use them I'm told by Mikey26) bounced of an MA.

    That's 8 different TA signals providing the support it bounced off. Coupled with a hugely significant announcement that the market didn't understand today and a dawning realisation. Plus a plug from Hartleys describing it as new nickel 'province' and comparing it to SIR's Nova discovery.

    Methinks tomorrow this will be one to watch...

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.