Mining conference coming to Cobalt, page-5

@patience here is a chart from ANZ Share Investing:



Basically shows that the SP is hugging the top Bollinger band as it expands. This is why, on a purely technical basis, buyers were hesitant to wade into $0.27 this afternoon (as $0.27 would be above the top Bollinger band).

The bollies are widening with every day that passes, so we are likely to see $0.27 fall tomorrow I think.

The MACD and EMA and hence the PSAR are all rising so the only way is north, on a purely technical basis, in my opinion.

The minor retrace today had very low volume (approx $153k in trades, total), substantiating all of the above.

All personal opinion, pure speculation, not advice, dyor etc