Hi everyon
The ZFX chart looks very technical with a lot of potential patterns developing or has developed, however for a novice like me, i cannot see a pattern with the indicators
A lot of funny stuff going on with dojis poking lots of holes in the Bollingers, a lot of W and V patterns, head and shoulders etc, with stocastics and RSI showing "oversold" for quite a while
Fundamentally except for a bearish long term zinc prices and potential profit downgrade its a good company with cash etc.
BUT, i keep looking at the charts and im sure with the swings in the last 6 months, there MUST be a clear patttern
Also, i found fibonacci analysis in the short term unfruitful, even for trading
ZFX
zinifex limited
