XSO 0.18% 3,038.0 s&p/asx small ordinaries

The Brains Trust, page-4316

  1. 19,112 Posts.
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    I am keeping an eye on CVT, as I am looking for another entry myself.
    So far there has been a potential spring, so I'm looking for a test of the spring as a possible entry, we'll see.
    No (bullish) E/R Failures yet, if I see something that might set up, I'll yell out.

    .

    But here's a possible one on PYC, not properly confirmed as yet, it would need a closing bar at 2cps or above to confirm.
    However, with 14.2mil to the downside already (the highest on the chart), and easily enough to breakdown,
    I have anticipated it will hold here, and dipped my toe in.

    If it is going to move higher, it will take quite a bit of absorption like that, as there are a series of weekly lines above, with the most important @ 2.1cps (I think - subsequent price action will show exactly where or which)

    PYC 311214.png

    cheers and Happy New Year to all.

    .


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