barchart, page-9

Hi Folks

Lets have a look at some charts, forget the media spruiking etc, because you never know what is put out there to mislead especially when the smart money need people to sell to. I've put 3 chats up.

The first is a longer term daily showing the story that has evolved for me with this stock that I have had on my watchlist for a while patiently waiting for it to play out. It shows what I look for ie break of downtrend, accumulation phase, markup over supply, pullback and testing, etc.

The second chart is a closer view showing this weeks action and observations, make of it what you will. Personally I see short term weakness ahead, so be careful where you buy, better to wait for a pullback and test of support i think.

The last chart is the weekly highlighting the reason why 28c is going to be a tough nut to crack, but once it does go 40c will be the next hurdle.

Cheers

THE LONGER TERM STORY

THE SHORTER TERM LOOK

THE WEEKLY