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Day Trader’s Weekend Aftermarket Lounge 21-23 Feb 2020, page-188

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Helsyd

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23/02/20

17:32

Post #: 43098423
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Originally posted by Patterns: ↑

@Helsyd The same thing happened to the@Ravgnome 10% gainers scans during the week but I think this chart explains what is happening quite clearly. Early in the week price was headbutting the upper supply level line keeping momentum subdued until it broke above supply then pulled back to test the top of the supply level as support and moved higher on Friday confirming the next leg up is now in progress.The price target of this leg up is 7824 because the last leg up went from 5439 to 6866 a rise of 1427 points.It then pulled back to 6397 to begin this leg which if it goes up by 1427 points gives the price target of 7824 points

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thanks @Patterns XJO chart does look well supported for the week ahead
XEC not looking strong
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