CER 0.00% 32.0¢ centro retail group

chart please, page-6

  1. 345 Posts.
    lightbulb Created with Sketch. 1
    Ok, remembering , what I know about fundamentals I can write on an aspirin with an axe. But I can explain the charts and give you a T/A perspective.
    In the 1st chart we see that we are pushing up to the 50% fibbonaci line. You can see this will cause us resistance at our old foe .25c . We have flirted with it before, crossed it, then retreated to below our support level.
    This is not uncommon in battered stock, while they regroup.Tonights chart will have us sitting on the 50% line.
    You can see how we spent a fair amount of time at the 38% line, and when we crossed it we did it on low volume and a prayer, this time we have a lot more volume and we are tracking along a very open bollinger band.
    Sorry about the long post, to break it up I will post on the 2nd chart Next
 
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