MAH 2.99% 32.5¢ macmahon holdings limited

doji star reversal

  1. 25,374 Posts.
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    This is not an I told you so to those less experienced with TA as we dont like to see folks lose..and did take quite an effort to explain on a recent thread...

    However ...we are looking for a reentry from the Trendline break and stoploss triggered at 72..

    http://www.hotcopper.com.au/post_single.asp?fid=1&tid=994868&msgid=5544959

    So using the friday close doji star as a reversal indicator and today closing above 64.5, its a retrace bottom confirmation imo
    there is also a 23.6 fib in support at approx 65 (If you hold store of such things)
    NB still has to close on or above 64.5 today..ho hum



 
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