Short Term Trading Weekend Lounge: 7 -9 Apr, page-29

Haha I'd be inclined to say you were a few indicators heavy spec. Bearish MACD cross on the hourly, bullish in the daily, it's easy to find a supporting indicator for just about every scenario if you look hard enough on many timeframes.

IMO you don't need any indicators to tell you what is happening. NAE failed because it has nothing but signs of weakness in the background. It is riddled with trapped supply and attempted a V shaped reversal on the back of the coking coal price rise which isnt actually going to directly benefit NAE in the timeframe that the rise will last (other than perhaps easier access to funding for CAPEX)

Just my opinion. Price and volume