higher lows!, page-2

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