MBT mission newenergy limited

chart

  1. 25,374 Posts.
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    for the fluffster

    well we got our close smack on..the suggested "accumulation level" based on the fib and upper Andrews resistance

    As for the higher upper shadow on close.
    Bulkowski says, thats not a sign of a failed high necessarily becoming bearish.
    check candle shadow outcome tests

    http://thepatternsite.com/Shadows.html#AADB0

    It is still overheated as the stochastics indicate, Ideally this should settle and accumulate sidewards for a while, traders may not let that happen..Im not much chop on upper targets, just suggest the Andrews trajectory and fibline or old support levels as resistance..
    the Andrews midline should remain a stoploss level to consider imo.


    sorry just did a post preview and the charts are not aligned
    to tired to fix it..

    any chartists
    please help with your projections or critisisms
    one of us may fluke it...LOL



    Heres Daryl Guppy's MMA template on the weekly showing a strong stage two commencement for longer term

 
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