re: see the wood for the trees... Refer to the charts people...
See how important that 1.6 number is, not only recently, but historically as well...it becomes more obvious if you pull up the weekly data.
We are virtually on the edge of breaking it's back...and it has been a very tough nut to crack.
As I suggested earlier, the trading has been textbook to date, so if that is to continue, we should see more consolidation in the 1.5-1.6 level again today...with a final break of this range later today (or sometime Monday).
Any close of 1.7 or better will be a serious buy signal.
At times like this, I find it is often better to trade the charts and forget the depth...it will suck you in every time.
It would appear to me that selling interest has all but finished below 1.5c now...this doesn't mean it wont trade lower...but it does suggest that those "helping" this little rally along may be back in control again.
If so, you can be sure they will be looking to push it higher sooner rather than later.
Cheers!
- Forums
- ASX - By Stock
- YAM
- looks set to crack .02
YAM
yamarna goldfields limited
looks set to crack .02, page-47
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)