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shovel40

7,357 Posts.

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08/08/20

22:18

Post #: 46402332
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Originally posted by Jnnl: ↑

@shovel40 Nice to see it has gone some way since we had a look at it from 2.2.

The trend is intact and i dont think the run is over yet. No indications of climax yet.

However.. the current consolidation is questionable and has an underlying sign of weakness on the current leg. We see some distribution volume in candle (1) which appears to be absorbed nicely by candle (2). Then candle (3) attempts to breakout with the perfect volume but ended up being another upthurst, However, still managed to closer higher than every other candle which is important.

Monday's trading will be a critical signal for which direction. If it fails again, will retract back to the2.7-2.9 region. Alternatively if it manages to break through 3.9 on the daily , would see 4.5-5.1 in succession. Goodluck .

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Thanks @Jnnl, always appreciate your charting analysis, I hope you're having a great weekend. TC

BUD Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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