charting perspective, page-9

superb charts and analysis Damo
thanks.

here is an earlier template I put to the forum on GDN
you may see that it was then in an ascending triangle and a Darvas style trading Box when it broke through its Andrews lower pitchfork line and tight MA's and triggered a sell on 04/12 at 80c..
I think what we have to determine, is what the prevailing triangle pattern actually is..in strict TA terms
it appears to be a descending triangle.
check this site out...http://www.moneybags.com.au/downloads/protrader.htm
We are all anticipating the fundamentals as being positive after the delays and this is just trying to pick the best opportunity to maximise our trades.. but its not beyond the realms of possibility that manipulators may still force a lower entry. And the stock may drop further.(look at the recent procrastination. spinning top candles)
I reckon a close above its current trading channel at 67.5 is a safer entry..as for the extent of any drop.. there may only be a few cents in it ,to the recent fib support at 60 for the bottom pickers, if that doesn't hold...
its 45....
cheers