88E 0.00% 0.2¢ 88 energy limited

88E Chart, page-789

  1. 4,229 Posts.
    lightbulb Created with Sketch. 962
    Everyone here is well experienced with this stock so don't think I'm trying to sell anyone any FUD here but I was just thinking this the other day.

    We're all trying to see when the bounce will start and I went back to and observed the long base that was put in there before momentum started to build. Granted in that case there was a short spike lower before it turned and I guess that was understandable during the Covid volatility.

    In purple.

    https://hotcopper.com.au/data/attachments/4824/4824749-1bc27fc679338cb7857d0c75bfbd42db.jpg

    And below is the current one. No idea if it'll continue but there is a saying that long narrow range bound price action often resolves itself in either direction.

    https://hotcopper.com.au/data/attachments/4824/4824756-213e3ae595dfae623933f6440789492a.jpg

    Was just a thought no views here.

    MK.
 
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