NWE 0.00% 5.6¢ norwest energy nl

norwest cheers arrowsmith-2 flows ..., page-31

  1. 24,192 Posts.
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    Here's what I see .. not saying it will break up but saying probability is favouring it technically




    Theory goes like this trade action gets forced into a ever decrease "Ascending triangle" shaped range... Volume drops off as sellers not willing to come down lower.. buying pressure builds and then Pop .. break through of resistance on upper side with increased volume (ie pend up demnad unleashes) ...


    Trading down to 8.8c will make the void the Triangle ...
 
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