weekend charting 16-17 july, page-186

  1. 1,996 Posts.
    Jako - RE AGO - Not sure about when the announcement comes out - not showing on my charts unfortunately (ha ha)- but seriously if I just read the chart and ignore everything else then you are catching supply - certainly from the left - but would not want to guess whether SM are happy to absorb it - They haven't been trying too hard going by the weekly - if you don't get more than 5m traded tomorrow you are going to end up with a no demand bar on the weekly - and we might be asking a bit much of it to go anywhere on no demand.
    I've actually drawn a few more lines for you to look at - as well as couple different pitchforks - If I were to guess - and I am guessing - this has to pivot here and test for supply - your last no supply test was 13 bars ago so might be due.
    Minimal VSA here because you already got your finger on the pulse. I'm not at all bearish overall and a fantastic announcement may indeed bring another push - but apart from that we may be asking a bit much of it short term.

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