AIO 0.00% $9.13 asciano limited

afr article, page-20

  1. 1,612 Posts.
    I can't post a chart but I can tell you it is going sideways. If it retraces to $1.26 - $1.30 and fails to hold then the next level of support is probably around $1.

    It it breaks $1.50 seriously then it should go back up to $1.80.

    Friday was a day of indecision and today was quite negative.

    I'm still feeling negative technically because there isn't enough volume to push it up and there are still too many shorts out there.

    Just my opinion from a technical perspective.

    The RSI isn't giving anything away and I don't place any value on stockastics - for no reason other than I just don't.

    My bias is still to the short side because there are too many uncertainties and the market doesn't like uncertainty.

 
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