AMU 0.00% 21.0¢ amadeus energy limited

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  1. 1,331 Posts.
    Shoot me down if you must but after studying the graph in more detail 70c is a better support than 60c. Much more action around this price. Also one the earliest indicators I use for a 'possible' trend reversal is my MACD 26 12 9 which have just touched but not crossed. Also my beloved twigg money flow while negative has continued to show a bullish divergence since Dec and my weekly RSI is the lowest this stock has ever traded in 10 years of charting history I have available. So if this company isn't in financial strife, if we know everything there is to know, then the stock surely has some potential to rally, at the very least, back to 90cents. Only a close above 90cents would indicated to me that the trend has reversed on the daily.

 
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