ROB robe australia limited

higher lows!, page-2

  1. 6,900 Posts.
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    Hey Nasabear,

    How you doin??

    I see things a little differently here.

    I see that ROB has been making lower highs and not higher lows, hence leading towards a downward spiral and not upward.

    Have a look on the daily chart it is quite clear.

    also moving averages have crosse to the negative, this needs to be monitored for further weakness or a change in pattern.

    MACD and momentum have also turned negative and need to reverse before calling this.

    An uptrend here, i dont believe to be in play.

    Supprt at 1.5 may be tested again.

    the reason i post, i have it on my watch list, already been in and out.

    And for mine is too risky an entry JUST AT THE MOMENT.


    Cheers

 
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