ELE 0.00% 0.5¢ elmore ltd

chart anyone?, page-2

  1. 25,374 Posts.
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    Hi Dlm I noticed you have a few fine chartists contributing previously..so here is just a starter...
    The volatility is the obvious factor and it needs to be smoothed out to an acceptable range that will not whipsaw folk in and out to frequently, Weekly Charts would help but to fine tune it a bit more here are the major oscillators, Using the RSI peak ranges, back tests as the best way to determine the Trend and for trade entry confirmations.
    These are also confirmed using the more erratic stochastic limits and a Zero Lag Macd (on the Top)I have used red and green vertical lines to show the last few trade triggers and where they intersect on the confirming oscillators..

    ie:It was last triggered as an RSI sell, 37 periods ago, the other oscillators were used to confirm and may have preempted or delayed the trade...at the moment if still long its probably an idea to hang on until the lower trendline is tested (its currently at 065 and rising...)DLM696 this is the potential bottom...

 
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