MAH 1.54% 32.0¢ macmahon holdings limited

chart, page-23

  1. 25,374 Posts.
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    the closing candle was white
    as such it remains bullish
    however the upper shadow of 3.5c remains a rejection of a higher price..perhaps profit taking with some substantial sell volumes amidst the flippin Bot algorythms .
    the chart shows numerous bullish oscillators and while the stochastics are in an overbought range, a check for the stochastics is by checking the prevailing trend by using the Chande Momentum Oscillator ,it is still trending long .
    imo the trailing stop may be tested (refer thread)due to the long upper shadow however it will not retrace below the stop.
    Be handy if all our software had a Dow sentiment factor.
    Im sure many use the Dows relative strength as a TA variable factor...

 
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