FEX 1.82% 28.0¢ fenix resources ltd

Chart, page-504

  1. 1,254 Posts.
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    The FE charts had solid momentum last few days. I would want it to break that 1074/1079 level for upside. Otherwise, i think it might just touch that area and reject downwards. Thats purely a guess based on the look of the chart.

    On the FEX chart, it has had a touch of that upper channel and 62FIB resistance and seems to have rejected. MACD and STOCH are looking ok for upside though, and RSI could sustain a upward move. However, there may be another head and shoulders pattern there. For this to be incorrect then you want that 25.5/26c resistance gone on volume. I called a head and shoulders a few weeks back on that left shoulder, and was wrong! Was it just to early though?




    https://hotcopper.com.au/data/attachments/2892/2892680-da2dfd5612d6cf071d9fb71eab39acc5.jpg


    https://hotcopper.com.au/data/attachments/2892/2892696-6d990bc4db943594e297adf5c8e862df.jpg
 
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