SEH 0.00% 25.0¢ sino gas & energy holdings limited

chart, page-2

  1. 982 Posts.
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    matchbox20, sorry if wave counting is not your cup of tea, but I see the following:

    SEH on the way now on a wave 3 passage northwards.
    High today of 7.3c already.
    That's cleared the dashed red first fib near term target at 7c labelled on right border of chart.
    Second near term fib target is the dashed red line at 7.8c.

    To get there it will have to get past resistance at 7.5c from November 10 last year.

    If waves (1) and (2) are good counts then a wave (3) first fib target of 11.5c can be considered a longer term target.

    Volume today easily exceeds yesterday's and already > 3 million and supports the bullish move.

    Pink trace is RSI(14) which I use to spot a negative divergence and thus prove completion of wave 5 last December.

    Daily Reckoning story about gas being the new oil may have helped the bulls here today. Also good announcement.

 
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