I have been in this game for years and I would like to say that there is a lot of sprucking going on on the basis of Charts.
OBVIOSLY momentum and moving averages change significantly when there has been a sudden rise or fall in the share price together with volume traded thus affecting the analysis type of brain to make assumptions on trend.
There are reasons that create momentum like speculation that there will be found to be water in a hole or the pandoras wealth of $$ in gold , oil or gas etc.
Charts cannot determin a final outcome>>
As I have said before play the oil and mneral sector only after DYR and only play with what you want to put into risk.
My view is well known on this stock and good luck.
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- calm down charts are not the bible.
calm down charts are not the bible.
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