diatribe this is one interpretation:
MIC beaks up from a bottom and rallies for three days on reasonable volume.
Hits resistance at .068 on the fourth day and then closes lower due to profit taking.
Three days of consolidation.
Next day tests resistance again and fails to break up.
Stale holders exit position over next five days pushing price down to support levels.
Probability of support at these levels (.056 to .058) as these were previous resistance levels.
May consolidate at these levels before testing resistance at .069.
Also a possibility that a double bottom may form on the weekly chart - remains to be seen.
- Forums
- ASX - By Stock
- CBH
- thats why i never post charts...
thats why i never post charts..., page-7
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CBH (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.390M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CBH (ASX) Chart |
Day chart unavailable
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online