EHR 0.00% 0.3¢ earth heat resources ltd

chart for ehr please, page-9

  1. 2,473 Posts.
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    EHR daily. This chart shows the descending pitchfork similar to the one erichmj posted on another thread, however, I have used pivot points for an ascending pitchfork (in blue). Since we hit the 61.8% fib retrace of 3c, we have had very low volume. IMO there appears to be no conviction to sell down below 3c.

    From this chart, it looks as though one of the pitchforks will be voided soon. I believe that the ascending pitchfork shows a more consistent pattern, but you can make your own minds up. The MACD has flattened out and is crossing over, so we could be in for another rally. If we get some volume, it is quite likely that we will see this move into the upper half of the ascending pitchfork (particularly with the AGM this Thurs).

    I am quite amazed at how accurate the fib retrace values of 38.2% and 61.8% were. It's quite obvious when you look at the chart.

 
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