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0.00% 5.8¢ cobar consolidated resources limited

cup and handle, page-74

  1. Rhodes
    1,603 Posts.
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    12/12/10
    23:44
    Post #: 7601720
    Hi CEB

    Updated chart is pretty self explanatory. I've move gj's red fork up to the last peak to give a target for a retrace given the short term top in the silver price. The best outcome would be to support on the orange ML but a retrace to the red fork with a dip to old resistance would confirm it as new support. Note the MACD has broken up from the down trend channel as well.





    Cheers
    Rhodes
    CCU Price at posting: 46.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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