MYG 0.00% 72.0¢ mayfield group holdings limited

Hi FishI think if anyone looked at that chart and concluded its...

  1. 817 Posts.
    Hi Fish

    I think if anyone looked at that chart and concluded its bearish you probably shouldnt be trading lol. Not trying to send mixed messages either - thought it was pretty obvious.

    The SAR is a fairly weak data imo, coming in behind price action, volume, trends and oscillators. So essentially the trend trumps the SAR and the trend is frimly up.

    On the monthly the SAR sell signal (first generated 16m ago) is nearing completion which will give way to a buy.

    On the daily IMO the SAR sell signal is nearly exhausted and is also about to give way to a BUY. So yes currently it is saying sell - as it always does just before confirming a buy signal.


    Discl: I wont be selling.

    I hope that clears it up. :)


    Please DYOR.
 
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