BUL 7.14% 5.2¢ blue energy limited

Ann: Investor Presentation-BUL.AX, page-13

  1. 64 Posts.
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    Playthedoors
    This is today's price chart for BUL.  The orange line is a trend line I drew in 4 days ago and you can see that the price action each day, more often than not opened or closed either above or below that line.  If the price closes below a certain price, line or point often then you might consider it fair to say there is some resistance.  Accordingly, price action opening or closing immediately above the line might be considered as being supported.  The other lines on the chart showing percentages are Fibonacci levels and you might notice some similarities regarding the opening and closing prices.  The wriggly coloured lines are moving averages.  I hope this helps

    BUL 3.11.16.jpg
 
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