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47.5¢ breaker resources nl

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pryan

25 Posts.

07/09/21

13:46

Post #: 55891947
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Originally posted by Countrywriter: ↑

Hi jdpc35, that is a valid chart. Mine goes back further than that to an older peak so I thought I might re-post it.
The last time I did post it I suggested if was time to break the overhead resistance but price might have to run down the top side of it before we launch. I think that is clear on this chart. I added the first green arrow showing the break and now the second one is the real deal as all the ducks are lined up now. This is a weekly chart with my fan line set and a Fib study I believe is valid at this stage.

Money flow shows a strong wide divergence as selling slowly morphed into buying - green lines - so this is just the start. Savvy buyers do not shoot themselves in the foot when they buy. They move slowly and play with price knowing it is emotional for most players in the market.

I hope this helps readers.
Best regards and DYOR

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how is that chart looking now CW? RSI has gone through 70 to about 77? she is looking strong

BRB Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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