a few similarities, but also a few differences.
reasons why i feel undecided about it are
alot of gaps in the chart, which i usually try and steer clear of.
also the volume trends look more like distribution patterns to me (spike on big spread up days followed by falling volumes on lots of small spread down days)
then there's the retrace from the spike of >50%, which usually suggests more ST weakness (ie possibly going to close the gaps).
but if it finds support on the 200MA on the weekly i would probably change my outlook a bit
- Forums
- ASX - By Stock
- simple charting
simple charting, page-2
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online