EXT 8.33% 1.1¢ excite technology services ltd

Never one to resist a charting challenge, I've concocted this...

  1. 3,780 Posts.
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    Never one to resist a charting challenge, I've concocted this one. To me it looks like EXT is in a broadening top formation, and could be heading for an eventual breakout - to the upside is more likely (Ref: Bulkowski - Encyclopaedia of Stock Patterns) There have been a couple of runs on stops in the last 3-4 months. Could be traders or else strong hands forcing out the weak. Volume strength is neutral at the moment. But who really knows how this is going to turn out? I don't think that charts are all that helpful with EXT at the moment.


 
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