Short Term Trading Week Starting: 30 May, page-143

  1. Ibza
    2,655 Posts.
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    31/05/16
    16:49
    Post #: 17914529
    STTCOMP BUX, TA Long

    BUX - Buxton Resources Ltd
    Graphite and nickel copper in WA

    MC: $7.1M
    Cash: $1.765M
    Last price: 8c

    2016-05-31 BUX Daily Chart - Retrace.png

    Share price has retraced to a previous resistance level at 7.8c.
    BUX closed today at 8c and is sitting on an uptrend line.
    There has been consistently decreasing volume which indicates that the retrace may be ending soon.
    RSI has come down to a previous low, it appears ready to start moving upwards.
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    lightbulb Created with Sketch.  Great analysis
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