not necessarily.
Just say somebody decided to nuke an oilfield tomorrow. A "freak" event, POO goes to $50+US a barrel.
HDR rallies on volume and closes above 2.10.
I'm in.
In other words I'm waiting for that downward sloping resistance line to be broken.
I don't know if anyone else can see it but, it started on the 3/08 at the high of 2.48, touching the high of 2.33 on the 10/08, and then today at 2.13.
my countback line entry at the moment is 2.09, if it closes above 2.10 tomorrow then its a buy.
hope that helps.
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hardman resources limited
not necessarily. Just say somebody decided to nuke an oilfield...
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