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I just look at the high, bright green vertical columns, backed...

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clivemax

3,407 Posts.

416

21/07/20

14:24

Post #: 46008639
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Originally posted by AverageJoe ↑

If you are looking on a bottom pattern, the sector 'looks' like some type of cup & handle.

If you look much more simplistic from a peak and trough then it is still assuming a continue down trend.

If you are looking from a moving average in the weekly domain, a bottoming effect since the MAs are more flattening then negative gradients.

If you are looking from key economic fundamentals then you will either believe in the Chinese ability to drive EV through to get that 1st mover advantage or the global trade war with US ganging up with its allies will distract the objectives of the Chinese economic planners.

The week of early March low (68.5) is holding so this is my glass half empty view.

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I just look at the high, bright green vertical columns, backed up by lots, and lots of volume!

Let’s see if this continues and follows through to/past the oncoming Ann!?

Thursday 23-07-2020

GXY Price at posting: $1.02 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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