SAR 0.00% $4.69 saracen mineral holdings limited

History repeating itself with SAR price. Last double bottom back...

  1. 246 Posts.
    History repeating itself with SAR price. Last double bottom back in early Sept at .34 is the next re-entry for this trader. Bollinger Bands are indicating the SP to fall further to this level with the daily chart showing .34 as support. Supporting this is that the last 2 candles formed a bearish engulfing pattern; with the day finishing with a black marubozu. Strategy is to keep an eye on the bottom BB; waiting for the band to straighten or curve upward which will give an indication that the sellers are done and the buyers have come to play. Allowing a further 3 - 5 trading days for consolidation should give a low risk entry. All IMO.
 
watchlist Created with Sketch. Add SAR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.