Hi,
Checkout
http://technicality.me/2014/06/26/austin-exploration-expectations/.
Summary from the website:
* The share price has been in decline for the past two and a half years, from 3.9 cents to 0.9 cents.
* The most recent cross-over of the MMA’s was in November/ December 2012 at about 2.5 cents.
* The momentum of the decline has flattened in the past 6 months.
* The last candlestick almost formed a bullish engulfing pattern on the previous candle.
* The short-term averages have converged and have just started to point upwards, and to cross-over.
* The longer term averages are becoming closer, but are still slanting downwards a little with no cross-overs.
Highlight of his opinion:
* If wishing to open a long position, a preferred entry could be when the short-term averages have completed their cross-overs, are starting to diverge again, and have exceeded the present high of intra-day trading at 1.3 cents.
* A reasonable stop/loss position could be set at 0.9 cents, or just under.
* Milestone targets to be attained are at 1.6 cents, and then at 2 cents.
Checkout his past TA, e.g.
AAD - 23 March 2014 (technicality.me/2014/03/23/chart-review-for-ardent-leisure-group-aad/)
CZD - 2 Feb 2014 (
http://technicality.me/2014/02/02/company-review-calzada-limited/)
PBT - 31 Jan 2014(
http://technicality.me/2014/01/31/prana-biotechnology-trials-new-drug-for-dementia-sufferers/)
DYOR. GLTA.
