Hi @paddington bear ... CHN ... I agree with your synopsis; If we can break thru your "little flat topping pattern"(Triangular Pennant) ... we are trying today ... then my 1st objective in near the 28c+.
This is (mostly)all basis (initial)FIB range extensions; and CHN seems to have reliable history on her side. Take the Long_Term Weekly Chart and a Weekly Close_Up chart to illustrate why and WHY CHN seems to be stalling at ~ 20c(so many Fib levels from various ranges). Then have a look at my Daily Fib Chart to see our most recent FIB extension achieved 'target' and then the (initial)range I have used to get(maybe) the 28c+.
Today's 'quiet' SP action sees an attempt to breakout BUT, but we need to see volumes increase and for 22c to also be broken I believe.
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Last
3,352.8 |
Change
41.600(1.26%) |
Mkt cap ! n/a | |||
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