AUL austar gold limited

chart, page-33

  1. 2,403 Posts.
    Taking a closer look at the chart - today's doji also forms a bullish harami cross together with yesterday's candle. This is also a bullish reversal pattern.

    Volume is maybe slightly higher than I would have liked - I don't think I'd mind another day or two of sub-500k volume on tight range.

    Stochs and MACD are still pointing down, although the MFI and RSI are flattening out. Still haven't reached the 61.8% fib line either.

    Either way, confirmation of the reversal pattern is of course required. This might be in the form of a big gap up tomorrow (unlikely IMO), a white candlestick or a close above 7.5c.

    We shall see.

    Not sure if this TA stuff is actually of interest to anyone but here it is anyway :-)
 
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