AUL austar gold limited

chart, page-54

  1. 2,403 Posts.
    Not only have you used different reference points but your fibs are upside down, too.

    8.5c to 7c isn't a 61.8% retrace...

    At the risk of going chart crazy - here's another one!

    So yeah I've got it hitting that fib line and sitting on the 20-day EMA and just above the top of the kumo cloud. Needs to hold this support level at 6.8-7c IMO or she'll go further back.

    There is also an intra-day gap between 6c and 6.4c on the 23rd of Dec that risks getting filled at this rate.

    Bears are winning.

    MNM9Jan12
 
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