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SJM_RS

141 Posts.

20/12/16

12:37

Post #: 21458744
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Originally posted by Abzy ↑

@locieocie

Well if we use the calculation of the ATR

Yesterdays close of 0.040 - (ATR x2 which = 0.0078) which = 0.032
S0 0.040 - 0.0078= 0.032

According to the below chart the indicators are still bullish but starting to turn so it indeed may retrace a little further 0.032 or 0.033 and bounce from there!

Of course in the stock market nothing is certain and I could be entirely wrong

View attachment 384779

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Too much buyer support on NAE for it to fall lower imo.
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