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8.3¢ mirabela nickel limited

charting thread, page-96

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mr_delta

12,180 Posts.

1297

11/04/15

10:45

Post #: 15069265
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Originally posted by mitta ↑

"... does that actually mean anything in context to what is actually happening with the company?..."

@red hare .. note sure I don't take any notice of what the company is doing or does.

update for yesterdays chart and we can see that it didn't take long to tag that 'potential' support area.. now if this coming Monday/Tuesday price goes higher or at least stabilises, we can only assume that price is being supported/a tad of buying came in today. also note the 'wee' difference in todays close compared to the previous 4days. imo forget your channels, forget your Darvas Box theories, easiest way atm to navigate this is by reading the bars/support/resistance/volume. a bullish scenario would be looking over the next few days a possible sideways shuffle on this continuing light volume that possibly probes a little deeper into that shaded area.

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hey @mitta can I please ask you one question... how do you decide on the grey box? based on the high volume at that time? or something else?

MBN Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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