africa downunder on boardroom radio, page-15

Thats exactly what i was thinking fatstocks, very low volume with sideways movement. The 50 day moving average is 6.6c and that should be a strong support line. Personally i think we need to see a couple more weeks of this sideways movement before an attempt is made at breaking the upper downtrend line. It will break up eventually, the triangle needs to play out i think first but this is a telltale sign of accumulation on low volume, look it up in any textbook.




Here you can see the longterm downtrend line from over 2 years ago. We had a go at breaking it around 8.2c but it failed and it really needs to consolidate before having another attempt as its pretty serious resistance.