Hi Names,
Yes, as we close the week 36.66% above someone who hasn’t invested in the share market for 17 years’ random 3c prophecy that makes new account holders flock to BRU to request his trading advice as if they were a completely different person hoping we all came down in the last shower,
we did indeed touch the top of the current Bollinger Band range without getting overbought. The MACD is worth keeping an eye on to indicate whether we can muster any kind of new uptrend - in this close up, you can see it already moved above the signal line, but not yet above zero, which may be the key to a sustainably stronger move. I have the 12 & 26 EMAs on the same chart and obviously they haven’t crossed yet, which would be the start of something. So, all in all, nothing to write home about just yet, just highlighting the key signals to keep an eye on. Clearly the fundamentals are the actual drivers of shareprice and what we are looking for is the first “transaction” of many that have been signposted in Q1. The momentum that I’m suspecting the chart is starting to got reflect may be the beginnings of speculative punters starting to place their bets…. Would you concur? HAGW.
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