charts & thoughts (october), page-74

Hi cardz,

I have it something like this...

Many overlapping zones of potential support and resistance of various strengths all around the current shareprice.

Basic SR zones (and lines), when the SP is above a zone (or line) it should provide some support, and when the SP is below a zone (or line) it should provide resistance.

The shareprice for AGO will move in sympathy (harmony) with the XJO and price of Iron Ore (which in my simple understanding of such things, is trading at a premium, front month priced highest).

Looks OK to me, moving around with the markets generally & chewing through the potential resistance above when the time is right.

cheers