Afternoon trading August 17, page-160

  1. 12,243 Posts.
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    Not sure what your thinking is - However when a stock is bullish and rising like LLI The expansion is the scenario - so once it reaches the top then we can also calculate how far it might pullback ... very hard to actually predict how high it will go from here - the retracement from where it peaks we can have a look at ... you don't like this one ?
    Chart wise it has broken above the previous high so that is bullish usually things rise to a level - using fibs the potential is 120 - whether it make is that high remains to be seen .. the retest should be to the top of the previous rise
    https://hotcopper.com.au/data/attachments/5516/5516725-70546855d8fdccf593f51b3f9db1b543.jpg

 
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