SAR 0.00% $4.69 saracen mineral holdings limited

strange close volumes, page-19

  1. 246 Posts.
    wessa - in the scheme of things, no. Yesterday finished with a white stick which tells us that the market went from indecisive the day before to normal buying. .43 - support and.46 - resistance were tested again, however a higher close of .45 is suggesting resistance could be tested today and momentum has swung towards the buyers. If .46 breaks today and the day closes on or above that SP; a new upward trend/ channel may develop for the ensuing week. MACD oscillator is still indicating a downward trend; however strong buying today should reverse this. From a personal perspective; I have traded the 1st swing from .37 to .46 and am now waiting for confirmation for this channel to break; with a profit target of .545 which is the bottom of the gap 9/7/12 that needs to be filled in order for the SP to trade in the .55 to .70 range again.All IMO - DYOR.
 
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