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a chart for darkcloud08

  1. 18,874 Posts.
    lightbulb Created with Sketch. 93
    Hi Dark Cloud08,
    Here is a couple of charts for you as requested.
    Firstly the daily, as on the chart the candle stick is a Morning Star, so it needs a open on Monday at or above todays close and have a higher close for a valid reversal of trend but daily inds haven't put up a buy signal...imo
    Thats the best thing going for it.imo
    I've traded it before and have a grip on the FA but these charts are only based on TA.
    But if it dosn't bounce here there is something very wrong here...imo
    The Upper BB is turning down with the MA's and the 30D MA has crossed the rest..not good..so a Big chance the Morning Star will Fail imo..
    Next is the Weekly and it looks very grim if it dosn't bounce here soon, 29c at least is the trade through if your game...
    Imo it has a Head & Shoulders in the making.
    The Neckline is @ 24.5c ish and maybe surport if not look to 50% fib @ 17c or at least or more.
    Volumes need to pick up as well.
    Good Luck
    Pete.









 
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