BIG 0.00% $2.22 big un limited

Golden cross achieved on last trade with MACDLow divergenceJust...

  1. 574 Posts.
    Golden cross achieved on last trade with MACD
    Low divergence
    Just bounced off a double bottom on stocastics
    EMA 15 just touched with a longish white candle
    Broken thru fibonacci resistance @8.1c easily
    The concerning head and shouldery pattern is ?broken
    Volumes on the ups are very high and volumes on sell downs are relatively low
    Resistance @5 respected

    Fundamentally
    continuing good results on drilling
    MtC due
    JK continues to do the right thing and is positive

    Charts are telling us this,
    only critical ingredient is volume for the upturn
    Still guesswork atm until more confirmation

    On the balance of things, fundamentally and technically, i think we are due

    I still believed that 9-11c entry as stated prviously were good entry points

    I expect this to go to at least 13-14 on breakout or higher

    Please criticise the analysis, i cannot and dunno how to cut paste

    TAs please agree, disagree, partially or fully. I still think volume is the key, we have confirmation that in the past, high volume dominated the uptrends and if high volume pushes the price past EMA 30 and confirms the golden cross, who knows
 
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