pssst .......quicky cheers quick$
yes read your post..below
''''''''
Had a look at this chart today and its going down a bit further.
reason??
WMR has a longterm compression triangle with lower highs and higher lows since Jan 04.
The Short upward trend has also formed a distinctive trend channel also adding the the bearish triangle.
50% Fibonacci retracement from low to high ($5.30) has formed a double top and WMR has fallen away from that resistance.
Also the apex of the triangle is at approx the 38.2% ($5.15) retracement level. As WMR Falls bellow this as it did today we can expect a much lower level of support.First support at 4.80 but stronger at 4.70
comments???
''''''''
hope these are closer to your fibs..
added a micro fib for interest..
I have placed a fair emphasis on the gaps, must read up some more it seems by the response![]()
- Forums
- ASX - By Stock
- looking awfully bullish
pssst .......quicky cheers quick$yes read your...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online