EKA eureka energy limited

charts - resistance

  1. 1,270 Posts.
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    Hi all thought i would start a new thread to throw in some charts to go along with the Fundies info..

    1st - ATHigh versus ATLow Fibs Range with Fibs also on the smaller Range close up on second chart.
    You can obviously see the harmony between the pressure lines on both ranges & the hits to confirm its relavance to making trades - moving stops etc... each to thier own methods respectfully..


    2nd Chart is a close up of smaller range showing the importance of the fib lines matching up..
    IMO - & why i put this up is the 50% line (yellow) 0.34 cents being the All Time High V All Time Low most important percentage plus the 78.8% at .33 cents.
    So when we break through .34 cents & have 2 closes above it that would confirm the break for me personally.. now as we are investing in EKA not trading it might be prudent to wait for 2 weekly closes above 34..


    Cheers Towie0.... dyor & good luck
 
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