AGO 0.00% 4.5¢ atlas iron limited

race for australian mine assets, page-2

  1. 19,541 Posts.
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    $3.24 high so far today, before easing back to $3.20, looked weak, but second wind and we are back knocking at $3.24.

    Wall at $3.25.

    Gaps higher at $3.27, $3.66 and $4.05.

    Gaps lower at $2.93.

    DOW futures perked up to 13+ before retreating.

    Suspect a pullback in on the cards for tonight and Friday.

    Looking at the slow stochastics = overbought

    Looking at the upper bollinger bands, we have pullbacked on each touch of the upper bollinger band over the past six months.

    As a result reluctantly sold some at $3.23. Even though I feel alot better about the SP performance since the start of the new year. I just starting to feel a little suspect regarding DOW performance and whether it has more legs in this move. Pullback would be healthy at this point in time.
 
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