Couple charts that may interest in the ST...
1st is Daily CXO with Elliott Wave pattern ...
By the looks wave 4 is getting close to being established with a 25% pullback from previous high of 4.4c to touching 3.4c today... Green broken lines show this ..
You will notice a red number 52PTI anything less the 35 suggests not normal profit taking(be cautious) Over 35 suggests normal profit taking and CXO has a 52....
Impressive Chart with some great signals ...
The first blue rectangle is the bull flag breakout rising 42%
Staying in a very tight uptrend (red corridor).
Just needs the volume to pop to the upside and a push of 4.4c should commence...
Second chart Daily SMN
A nice formation has appeared making lower highs and lower lows...
Also noticing the yellow DEMA about to cross the Purple moving avg ... All 3 arrows show what happens when they cross might not happen this time but it looks positive...
MACD cross close as well ..
Has broken the red downtrend line from the pivot high from last year..
Cheers TS
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 14 Mar
Short Term Trading Week Starting: 14 Mar, page-496
-
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)