Daytrading Feb 24 afternoon, page-84

  1. 3,400 Posts.
    ANQ looking very interesting- starting to break away Ok now take a look at the chart below- .006 is resistance level which was previously support before it was broken in September last year - in charting terminology "what was once support now becomes resistance
    so there we have it .006 is major resistance and once it breaks through it will move u and test second resistance level at .008
    The red line on the chart os the 120 day MDI moving average which it has finally broken through which is bullish and potentially a change in trend direction- the think to mention is that the past 3 -4 days of trading theire has been strong accumulation at.005 and they are now building on the buy side where previously the sells were at .005 - think this could retest .008 once the wall at .006 goes as they are mainly prop bids

 
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