Ok, from a technical point of view i have produced a new chart following up my previous one:
There were two patterns in play a symetrical triangle and an ascending triangle.
Confirmation of the ascending triangle was made on the 10th with a break above resistance at 87.5. The target was reached and pattern completed when the sp hit 99c on the afternoon of the 15th.
This leaves the symetrical triangle in play. peak @ 99c, mid @ 84 and bottom @ 69. Range 30c. Targets as follows: A A @ ~ $84, B @ $1.15 (ok i was 2c off previously..) and C should be $1.34. This 30c from the bottom, mid then peak of the pattern.
Breakout of this pattern was confirmed this morning on open and the first key target 'B' has been reached and convincingly broken.
Given the current sp BvS ratio, next target $1.34 is most likely on the cards and at the current rate this could come as soon as tomorrow.
In addition another key pattern has emerged as shown by the pitchfork i have added. This is now a well established trend.
- Forums
- ASX - By Stock
- SIR
- sirius resources charts
sirius resources charts, page-30
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SIR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online