BEO 10.3% 3.2¢ beonic ltd

SKF, page-3

  1. YLJ
    819 Posts.
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    The pattern shown on my weekly chart above is an (arguable) RABT or
    Right Angle Broadening Triangle. According to Classical Charting principles,
    it would carry a minimum measured target of circe 0.37.
    That target is not in play from that perspective unitll it can hold above 0.22.
    I am long from 0.17 and already break-even so I will give it a chance over the
    next few days...
    Valid perspective you have there but seldomly ook at anything less than a daily
    chart (very occasionally a 4hr chart). Although I appreciate the fractal nature of
    charting I have not found them to be of much use for a swing/position trader
    (back when I was daytrading, I used them a lot more).
    All the best.




 
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