PB, thx mate, your doing a great job this weekend (although as always), despite having visitors - I hope they're not getting neglected? :-)
Re TLS, I drew the S & R lines on the daily slightly differently to you for the consolidation period of the last 6 months, to incorporate the March 19th 2009 low, and ended up with what looks like a falling wedge pattern at the end of that downtrend originating out of early 2008:
I also picked up the March 2nd 2010 low @ 2.88 and May 25th 2010 close @ 2.89 as a possible double-bottom.
Taken together, the falling wedge and the double bottom provide a positive bias imo. Of course, it'll need to see a breakout of that wedge to confirm if thats right.
Cheers, Sharks.
- Forums
- Charts
- weekend charting 30 july 2 october
weekend charting 30 july 2 october, page-72
-
- There are more pages in this discussion • 74 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online