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soulblighter

411 Posts.

2

17/02/16

12:07

Post #: 17041254
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Originally posted by amg63 ↑

There was the break, the charts are being controlled down to the T, notice how the MACD didn't cross negatively it was held above the signal line. The price has now peaked for the day IMO as it has touched the upper bollinger band. No selling pressure what so ever, looking good.

View attachment 144737
However whats more noteworthy is the weekly chart IMO. I have seen the bollinger band squeeze on the weekly now for some weeks and today the bollinger bands has opened up its mouth. Not only that but the price action has now broken the 50day moving average which has been acting as resistance since our highs at 12.5cents. MACD has crossed positively and has only just begun its journey. Looking excellent from where i'm sitting. GLTA
View attachment 144742 View attachment 144743

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mmmm this is called gambling - doug bollinger came into the charts i see.
I've stopped gambling with stocks, better off investing - less heartache..

OBJ Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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