NWE daily chart guys n gals.
Things that stood out.
1. Positive Divergence on the MACD.ie. MACD had made a higher low while the SP made a lower low. Hopefully a sign of some underlying strength.
2. Barring some leakage in March, its possible a large falling wedge is forming (reversal pattern if it is, and a big one if it is)
3. Double bottom at 3.3c. If that breaks i reckon that gap at 3c will get filled for sure.
4. Recent resistance at 4c. Needs to bust that convincingly.
5. Overhead gap at 4.5c
Good luck all
CHART
- Forums
- ASX - By Stock
- NWE
- chart
chart
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)