I don't believe anyone is saying it can't do exactly what you are mentioning.
Charting works on the balance of probabilities, if a chart told you the future you could just look at it and become the richest man on earth.
To me the most probable outcome is a pullback and consolidation from here. But as I also mentioned it's wait and see for me because if this does break through the high and go on with it there is a possible explosive move to the upside.
How do you weigh up the likely outcome. If we break through for real the stock should come back and test the $1.94 high and explode back up of it.
If the break of the high is false. It will be a big volume sell into the break of the high followed by a move back which doesn't get support at the $1.94 high. I will wait and see which it is and trade accordingly.
- Forums
- ASX - By Stock
- Breakout imminent
I don't believe anyone is saying it can't do exactly what you...
-
-
- There are more pages in this discussion • 82 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NEA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online