AGO 0.00% 4.5¢ atlas iron limited

The charts are all still looking very bullish. Monthly- Higher...

  1. 348 Posts.
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    The charts are all still looking very bullish.

    Monthly- Higher highs, higher lows
    Weekly- Expanding volume on ups, contracting on downs. Higher highs and higher lows. We can now draw a new uptrend now we've broken our previous high of 4.3c.
    Daily-RSI still a fair way off overbought. More likely to fill the overhead gap than the breakaway gap.

    If we continue lower on Monday I would remain bullish down to 3c. Remember, there's a lot of nervous emotional people in this stock wanting to take profit/loss and the recent gap down will be supporting these emotions, however, I think the likelihood of an up move is more likely.

    Now that our volume peaks are much higher, I wouldn't be too worried about 100-300mil down days, I would be worried, however, if we see 500+ million down days.






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Currently unlisted public company.

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