Cheers mate, good start, although I find the low time frame moving averages to be a poor indicator of support typically. Usually the 50/200MA if anything. Horizontal supports tend to reign, followed by triangles and whatnot. MA's can be a good indicator of when to find short term entries and the general past trend I suppose.
The daily...
MACD and momentum turning (the top one) to positive, stochastics moving away from the oversold territory into positive, signalling a change in sentiment and price should soon follow. Not shown here is the buy/sell indicator I have quoted in the past on these threads (gets a bit clunky with all the lines), but that has popped up with another buy signal - so that's 2 buy signals in the last 7 trading days. I've also indicated what would be my ideal price trajectory in the leadup to 5th Oct, which is a test of our most prominent trendline for the last year or so, which is what eventuated just prior to the most recent extension. Ideally, with a positive JV announcement we should break that resistance and have clear skies.
All in all, short-term looks very bullish, given market remains green.
Zoom out to the weekly, and all is on track. MACD is weakening however and indicates a potential long-term shift to a downtrend. Unsurprising with the absence of solid, unspeculative news. Hopefully that will change in the coming weeks
Sorry mate @canuck81, been a bit busy as of late but hopefully this helps. In regards to support below 66c, 61c (horizontal purple line) and 62.5c (fib retracement) should be strong support.
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Cheers mate, good start, although I find the low time frame...
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