MAE marion energy limited

retrace has begun, page-12

  1. 6,900 Posts.
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    DJ1,

    As your trying to comment on this technically when your saying that it is oversold, on what basis are you saying that this is oversold??

    Did you realise that the rsi is still relatively low which is an indicator to say that it is still more oversold than overbought??

    The MACD on the weekly has recently crossed, which is a bullish signal...

    Momentum indicators have been favouring a bullish run and the MACD has moved into positive territory above the zero line on the daily chart...

    Do you have anything to substantite your claims???

    Just wondering also how you have also picked 27-28 cents as the retrace mark, when all support retrace levels indicate nowhere near that level???

    Interested for you to support your claims???

    Cheers
 
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