25 - 29july weekday charting , page-143

  1. 1,996 Posts.
    Adsy - thats called plausible deniability.

    "No Adsy," Mitta shakes his head innocently, "I was merely referring to the State of the XJO - hey."

    (For those who came in late - Adsy stacked his bike by sticking his arm in the spokes at speed).

    I don't think Hagopian was satisfied with the last low on the XJO. BHP also dipping below the lower trendline of its channel and breaking through the lows of the higher volume bars to the left - on volume (daily) - not so pretty. And dipped through the weekly close at the last low.
    Charting weekend might have some potential climactic action to talk about. We'll have to wait and see if it holds support on this volume. Are they trying to absorb the supply or are they pressing down to break support.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.