A bit of a giveaway when a share exhibits test bars 'cause you know those with the ability and dollars are having a look. These bars are most powerful in an uptrend which so far has alluded LU7 but even so, someone is having a look.
If there is no supply follow through then the sp ideally will pause in it's downward trend and I've highlighted three.
The most promising being the latest on 6th Dec. Increased volume on this bar indicated some demand arrived and the subsequent two bars have confirmed this change or pause in the trend, albeit early days so hopefully supply will continue to be absorbed.
Resistance around 37 given by that latest breakdown area from early November.
A bit of a giveaway when a share exhibits test bars 'cause you...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
