RSG 0.70% 70.5¢ resolute mining limited

CONTINUATION H&S, page-5

  1. YLJ
    819 Posts.
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    @onway8

    Many different forms of valid technichal analysis. If your's works well for you, then I am most glad.
    I'm sure many would appreciate if you gave more detail.
    Your comment made me take another look at the Weekly chart and I do see something of interest to
    my form of analysis and worthy of mention...so thank you.
    https://hotcopper.com.au/data/attachments/2276/2276267-245409350851e0791e2603d6a4ebe779.jpg

    The weekly chart shows a large Inverse H&S. I have overlaid the neckline
    on the daily chart and it is interesting that it was retested on Fri to the cent
    (highlighted in pink). This makes me think this pattern might indeed be
    in play & it would carry a minimum measured target of about 1.835.
    Two patterns in play simultaneously on the weekly and daily makes
    me like this trade a lot more. Will want to see a stong weekly close
    above that neckline and ideally a quickish move to the targets on the
    daily chart before I consider looking for that target.


    Last edited by YLJ: 06/07/20
 
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