APG 0.00% 0.2¢ austpac resources nl

mouldy sandwiches, page-3

  1. 4,618 Posts.
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    chart looks good, but not perfect as we have come to expect. Todays intraday low touched 7.8c and bounced which was promising. It would have been nice to close above 8.5c, hence have three consecutive up days for the flag pole. Unsure how the 8c close will affect the formation of a flag.
    Yes it was good to have such large volume in the 8c area. Its not rocket science, the more distributin at these levels the better for the long term trend.
    One point I would like to make is this. For those who got in at this years lows, which ranged from 1.4c to 1.8c on average, 7-9c represents a 5 bagger. I expect some continued resistance at these levels (i.e more distribution) before we move any higher.
    Other than that, the jury is out on any charting for the moment.
 
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