My view of the chart is that we are pushing the top bollinger ever higher by having the weighted moving average being so close to the SP.
The stock is very close to a triple top test on lower volume than the recent previous tests.
Pretty bullish still but slightly overbought.
There are larger capping sells than previously seen..... Perhaps they are trying to accumulate at the current SP. It sure looks like it.
- Forums
- ASX - By Stock
- BLT
- chartwatch
chartwatch, page-35
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)