Had a request for a chart. Been a tad busy so It's a few days...

Had a request for a chart. Been a tad busy so It's a few days late. Apologies Cowboy.


It's given a nice run so far with a few good trading opportunities. Pleasing to see the support at 10 holding. Present trading range 10 - 14, so on confirmation of a move it's not too bad. Failure of support @ 10 & I'd be looking for a possible bounce trade off the 23.60 fib on confirmation of the retrace.

Short term wise, presently I don't like the look of it. Prior to taking a position I'd like full confirmation as it's not showing strength. Taking a position presently on the hope that the support is going to hold isn't for me. On confirmation of that support holding & strength entering I'd take a position straight away. Without strength entering, even on a move the resistance @ 14 won't be broken. imo.







I'm not a licensed adviser so my comments above are based purely on what I'd do. Not meant as financial advise in any way, shape or form.