CNB 1.37% 37.0¢ carnaby resources limited

You might want to take a look at this..., page-270

  1. 1,905 Posts.
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    Incoming (In the procss of forming) Golden Cross, with the 50 EMA (red) about to cross back over the 200 (blue)...

    I just bought a good pair at Specsavers (buy one get one free)... U might need to book an appointment biggrin.png

    For those who are unfamiliar with a golden cross, maybe this will explain it simply:

    The golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock's short-term moving average crosses above its long-term moving average. The golden cross can be contrasted with a death cross indicating a bearish price movement.

    https://hotcopper.com.au/data/attachments/3124/3124809-437ed728edc9b830fb49885c3ac49e90.jpg
    Why am I excited about this? All of us LT holders know exactly what happened the last time the 50 crossed the 200 biggrin.pngbiggrin.pngbiggrin.png

    We went from 30 to 56... This time I am hoping we exceed 56, and as per patterns prediction of 76 c, I believe this is very possible within his specified timeline...

    But this prediction will get thrown out of the window should good results be Announced...

    And one last observation that one of my mentors just pointed out to me... If you switch to a 15 minute chart, based purelt on TA and ignoring any FA or catalyst, "it really hasn't given a reason to sell since around 25 cents unless you were wanting to risk off or take profits"...

    https://hotcopper.com.au/data/attachments/3124/3124830-e52daebfeaa61350edd4800c3f3153a2.jpg

    Nice steady climb, just like climbing a flight of stairs.... When you reach one level, take a breather, and continue the climb

    And according to patterns chart, we now have a new Demand Zone (Green Lines)... Very Exciting

    https://hotcopper.com.au/data/attachments/3124/3124843-94aee1209d1267b89f980a22b6403535.jpg
 
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37.0¢
Change
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