SEH 0.00% 25.0¢ sino gas & energy holdings limited

chart, page-31

  1. 413 Posts.
    Its understandable that people want to manage their entry. They are taking capital from somewhere else which may be performing for them and don't want to walk into a 15-20% retracement if possible. Despite the fact that they are bullish on the long term story.

    Today's price is important. It has to finish lower to validate yesterday's price action and signal a likely retracement. If it finishes up then you want to get long here as yesterday's move will mean nothing and the chart remains technically intact in the very short term.
 
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