Had to go back a bit to find a chart thread. OK, so as some appear to have noticed, technically, bugger all is going on here except twiddling of thumbs and gnashing of teeth. If that's a bit too technical, here's a chart instead:
Surely that can't be the 20 DMA golden crossing the 50 DMA can it? And that outstanding gap down to 24.5c was finally filled, so if it does move back up, nobody needs to be looking over their shoulder anymore. 29.5c horizontal resistance will be the big test - clear that and blue skies and happy days, get rebuffed and it will just continue to bum around. It will almost certainly continue to do that until it doesn't. I think it's called a low volatility Bollinger Band squeeze .
SXY Chart, page-451
-
- There are more pages in this discussion • 291 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
Add SXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online