Chart Thread, page-8

Just a bit of a review at weeks end.

A couple of red candles have been printed , nothing wrong with that so don't press the sell button yet and what's important to see is that the angle of MACD has not changed.
Now there's a developing resistance at .045 but it is pretty lightweight at this stage. IMO the SP does need a cool off therefore I'd be watching closely for any reversal of trend and some gap closing retraces.



Here's a couple of shorter time frame charts demonstrating how the SP has temporarily topped out at that .045 level. What you don't want to see is that yellow 8ema cross below the pink 20ema. That would be it for me but you guys need to make your own decisions.



And lastly, how good is the reversal of the weekly?



Strange that a stock like this even has a short position??


Cheers