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HUB Chart and TA thread, page-38

  1. 423 Posts.
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    Really not surprising to see supply come in at a lower point than before - as I said before, clear supply trend line which I spoke about on my post on 20 Dec. The upthrusts sell off whenever it hits this supply.

    If it doesn't break out of that supply line by the time it converges with the $10 support zone then next time the $10 support zone will break and it will fall to its next support zones around $9, or $6.50.

    If it find support on the very long term trend line and breaks above that supply line would likely finally see resumption of a long term uptrend - see last post setup - so far its rallied into the supply line and sold so far like that set up suggests - needs to break out though for confirmation.
    https://hotcopper.com.au/data/attachments/1968/1968406-9a24be55413696855948b2dbf93ef86f.jpg
 
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