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Seriously ASIC need to look at this!, page-104

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eieio

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08/12/15

23:31

Post #: 16573753
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Originally posted by nine lives ↑

Just looking at the chart here and I think that there is a case to be made that today may have been a significant low. If not THE low then at least the low before a decent bounce. I would argue that today we saw the completion of a classic double top break down with an equal measured move below the neckline. The daily candle adds strength to that case as we saw panic early on followed by a significant recovery which left a rather bullish looking lower candle wick.

There is still the issue of that gap at 2 bucks.....but that might be a story now for another day. Maybe.

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Just penetrated longterm trend support. Question now is: will it hold/rebound?

1PG Price at posting: $2.52 Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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Seriously ASIC need to look at this!, page-104

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