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Chart Thread, page-18

  1. 14,546 Posts.
    lightbulb Created with Sketch. 7789
    No sailing for me today so just some important homework and prep for the coming week.

    Just reviewing a few stocks so thought I'd share a couple of things.

    For long term holders, there's no doubt that the weekly chart is the most important to display momentum and trend.
    After a very long 4 year downtrend (strewth) currently the chart is printing exactly what you're wanting to see. A flat bottom and a slow rise from that bottom.
    From this you can calculate resistance levels above and therefore targets. .073 appears to be that level. Let's discuss what happens from there if/when it get's there. Of course the market might have other plans, that's the fun of it but for the looooongs this is what's worth watching. IMO

    https://hotcopper.com.au/data/attachments/5826/5826300-60df7cae1fd8caac9b8b055dc7bd83fc.jpg

    Just leaving this daily with retracement levels displayed. Not saying they'll be needed yet.

    https://hotcopper.com.au/data/attachments/5826/5826311-4835b0ed18d855de5c01ffd4b96ec736.jpg

    Might try and recruit one of HC's finest for an opinion. @W3hunter , this one is going to offer opportunities.

    Cheers
 
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