BLY 0.00% $2.91 boart longyear group ltd

market depth, page-11

  1. 8,720 Posts.
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    Hi Bubwell, nice chart and use of the (3,41,1) MACD. I'm not sure its famous, but I happen to think it provides a very good buy & sell signal at the simplest level, and have only been using it more and more.

    Only 1 sleep till xmas now. Cant wait!

    By the way, for the record, I want to acknowledge here that my charts of a month ago suggesting price might reach 42-45 prior to the announcement have obviously proven not to be correct. Clearly what the chart analysis didnt anticipate wass the impact of the broader market retrace in the last few weeks which has had an impact, but I suspect also there has not been as much of a anticipation build-up prior to results being announced as might have been expected.

    Let's hope the company reports a solid outlook tomorrow.

    Cheers and good luck all, Sharks.
 
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