Looks like lots of profit taking.
Incredible charts reveal 5 recent resistance levels at 550, 530, 450, 350 and 300.
It has broken down through the 1st 2 very quickly and looks like it heading to 450 where I propose to top up by about 25% of my original holding after selling it at 600.
If it goes through 450 [and i dont think it will but not sure] i am pretty certain it will not hit the 4th resistance. So 400 would be unexpected for me but if it gets there i will take up another 25% of my original holding.
IMO we are in for more downside maybe to 450.
QGC
queensland gas company limited
why is it down, page-6
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