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0.00% 2.9¢ morella corporation limited

AJM Chart, page-905

  1. h00ts
    46,743 Posts.
    lightbulb Created with Sketch. 8854
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    20/08/17
    08:50
    Post #: 26613837
    I thought it was fairly self explanatory - price has put in a repeating range culminating in a double top and has sold off ( profit taking ) and is now testing the lower line of the steep uptrend channel at the first minor horizontal support level (16.5c ) - major support lies just below at 15c.

    Price is currently in limbo range trading until it can break above 19c or support at 15c fails. ( IMO)

    chart repost below

    AJM August 18.png
    Last edited by h00ts: 20/08/17
    AJM Price at posting: 17.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 22  Upvote
    lightbulb Created with Sketch.  Great analysis
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