VAN 0.00% 4.7¢ vango mining limited

chart

  1. 3,413 Posts.
    I thought I'd share a 3 month daily chart for ORD.

    Here's my observations folks;

    Yesterday we saw what could perhaps be considered a Long-legged doji. THis doji would normally suggest a change in sentiment or trend. Todays candle was IMO confirmation of this.

    In explanation we've been in a tight sideways trend since around the 13th Dec however yesterdays doji could signal a floor for the recent decline from the high of 0.06 on the 30th Nov. I'm thinking that a new floor has been set now at 0.048?

    You will note the long term downtrend line which touches on the 0.06 I referred to above. A break & close above 0.057 is going to be particluarly bullish IMO.

    The OBV turned up in recent days and the MACD has just crossed over.

    On top of this TA we of course have some very sound FA as we all know.

    WC8


 
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