Hi FolksWe are approaching the next possible resistance zone...

Hi Folks

We are approaching the next possible resistance zone 3.25 - 3.30. On the weekly charts below see that the RSI (5) has now been over bought 80+ for the previous 5 weeks and this week will make the 6th week in a row. Notice that the Stoch is close to rolling over. Also notice that the gap between the weekly low candle and the 10WMA has been grown week by week . 4 weeks ago gap=13, 3 weeks ago gap=23, 2 weeks ago gap=28 and Last week the gap =40 .

Don't get me wrong, I have been enjoying the ride, but there are warning signs are out there. So I suspect we will hit some resistance and profit taking in the coming weeks (may after this week) . I suspect that his very strong market needs to take a breather to shake out some weak holders for that it can set up to climb to my first level short term object of 3.50.

I would love to be proven wrong, However?

Just the way I deal with the markets. DYOR

cheers Lies

https://finance.yahoo.com/chart/PNV.AX#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-



x