Hi Saragian
I agree with you about a short bounce. One was definitely due after a long long series of red candles on the daily charts. 3.10 was the most obvious support waterline. talk of double bottoms should surface soon.
The Fibs suggest at least a 23% bound to around 3.40 and maybe even up into the range of the 38% Fib at 3.60.
However, I don’t believe in a long rally as the end of FY tax related trading is looming soon.
So a bounce into the end of this week wouldn’t be a surprise at all, as a B-wave bounce. Then next weeks trading will play out, which should not be dull.
As always DYOR.
cheers Lies
Hi SaragianI agree with you about a short bounce. One was...
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$3.20 |
Change
-0.020(0.62%) |
Mkt cap ! $9.631B | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.23 | $3.18 | $79.04M | 24.54M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $3.20 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 493680 | 10 |
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