If you look at a chart and put a line between the tops of 23.9.09 and 15.11.10 and 2.4.12 you will see yesterday hit that line and broke through but not enough momentum broke to the downside and this point will now act as some resistance but lately these have been little hinderance. I think this one will be a little harder to break through, hence todays selloff.
We needed a breather and the RSI is still over 70 not that that seems to make much difference lately and we have a gap a thon below.
I am not smart enought to work out where we are going short term but long term am fairly confident.
If someone could be so good as to offer some fib lines we might all benefit.
- Forums
- ASX - By Stock
- MEO
- barchart
barchart, page-6
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)