Hi @Kangagirl ,
No worries, see below. I have nowhere near enough experience in TA as other veterans here, so please take anything I say with a grain of salt
Daily - looks awesome! FA improved too recently I believe, which potentially helps the upward run to continue. Not much resistance/pivots between 57 and 69 (went down straight through this area in Feb), so 69 could be reached relatively smoothly. Other targets marked on the chart...including the gap at 91c, which could act as a strong magnet of fundamentals stay strong. If I were to take an entry, I will take some now at 56.5, which is a retest of the recent break.
Weekly - looks strong too. Long downtrend broken...best to either consolidate at these levels for a recharge or push higher on volume to sustain the momentum. Double bottom at 32.5'ish, which tracked back to the breakout level in Jul 2017. 73.5 first target on the weekly.
Hope this helps!
- Forums
- ASX - Short Term Trading
- Short Term Trading Weekend Lounge: 12 - 14 Nov
Hi @Kangagirl , No worries, see below. I have nowhere near...
- There are more pages in this discussion • 79 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)