Short Term Trading - Week Starting: 14th June, page-294

  1. Trevor12
    442 Posts.
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    16/06/16
    21:53
    Post #: 18052068
    STTCOMP AGO, TA Long

    Business:- Iron Ore

    MC- $72.9 mill
    SP – 0.009



    TA

    Continuous selloff over past 10 days. Thought it had a double bottom 10.6.2016 & 16.2.2016 however, continued to drop. Has now set possible base at 0.009 and after popping a lower shadow below the bottom bolli band on the 10th, it has remained with lows on the bolli band for the past 3 days. RSI is also extremely oversold at 26 today. I feel it is ready for a rebound.
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    lightbulb Created with Sketch.  Great analysis
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