TA discussion, page-4858

A couple of pointers on the daily whuch has the 3 standard MA's (20/50/200 see legend) - on Monday (white arrow) the SP was above the short term (red) 20 day simple MA and and Wednesday put paid to that so obviously it is no longer the case. So the first target for me would be to confirm 50 cents (-61.8Fib retrace level) as support followed by breaching the 20 day MA at around 53 cents.

After that there is the gap back on March 8th so the target for that is 58 cents or better. Next the -50 % retrace level at 63 cents  followed by the -38.2% Fib retrrace level at 75 cents.

The candlestick pattern formed on Friday is a Bullish Harami Cross and the confirmation for me would be a close at 51 cents or better over the nexxt day or two. The bots were very active on Friday afternoon so we will have to see what they are up to. It looked like accumulation with most of the action centrepoint related but it is difficult to know what the strategy might be.

Daily pre open May 1st.