COB 1.10% 9.0¢ cobalt blue holdings limited

My thoughts - current pattern is more representative of a...

  1. 288 Posts.
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    My thoughts - current pattern is more representative of a falling wedge, characterised by lower highs and lower lows. Potentially a good entry point. Retrace to resistance followed by reversal and backed by strong volume would confirm breakout. Signal line is also nearing the cross. Overall sentiment is bullish. I'm more concerned with the fundamentals but have been burnt in the past by poorly timed buys, hence an interest in TA.

    https://hotcopper.com.au/data/attachments/3549/3549536-fd82368d81aac50f31291d89db8ab940.jpg

 
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