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6.4c now what? My analysis, page-3

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    OK graphs and my take on it.

    Monthly: MXC monthly.JPG

    Big channel.

    A: It's now. Crucial point, mid bollinger band monthly as a support for a huge monthly bounce. into B.
    C: is the monthly range I plan over 6 18 month, between .20 and .30.

    If 6.0 -6.4 Breaks monthly, then goodbye direction 2c.D
    E: tells me a rebound is also very likely around 6.4C. Resistance on the RSI.

    Daily: We're actually under the bottom boll, so we are totally oversold, (confirmed by RSI too) and today you've seen strong orders coming through at 6.4 on the buy side to confirm.

    A travel from bottom boll to top boll is quite likely on good news, that rebound would secure the monthly rebound and resuming the uptrend.

    MXCdaily.JPG

    Sleep well, MXC is close to the bottom imo.

    I called the bottom on QBL at 4.3C ish...
    RGI at 35C...

    the asx trades textbook, bless this country.

    Bonus: short term traders will love the 6.4 to 7.c trade. Bot boll to mid boll daily/

    MXC monthly.JPG
    Last edited by SorryNotOZ: 07/06/18
 
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