ok, note long periods of consolidation then out breaks with some...

  1. 4,199 Posts.
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    ok, note long periods of consolidation then out breaks with some volume, immediately followed by another consolidation, this is a classic build up to a catlist event either good or bad but generally if up its a leaky ship of good news as believe me smart money gets in or out before us plebs , Bollinger bands are widening with room to move, RSI a little warm but still nice upper range. RSI ok and heading positive areas, MACD perfect.

    With charting just forget any FA and any company, look at the picture its painting, if I showed this chart to any chartist they would say at very least put it on the close watchlist., will it breakout that then does go back to FA and with good news will run.If a very bad quarterly I think it may still hold and settle 1.1 as the company has made progress.

    SP predicting is tricky at best but with TA you have half a chance so good luck to holders, I'll be brave and call 1.4 tomorrow but at worse a strong consolidation 1,3
    Last edited by hot_investor: 21/10/24
 
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