EMR 0.53% $3.73 emerald resources nl

madmacs could i get your chart opinion plse, page-2

  1. 25,374 Posts.
    lightbulb Created with Sketch. 3
    Hi Bones
    several discussions here lately on the different types of gaps

    I like to look back on the individual stocks history
    and then the current gap set up pattern.
    There have been a very few gaps apart from the obvious news driven monsters last April. However this is such a perfect Pennant Pattern of tight range bound Accumulation and breakout
    I doubt it will back fill and even if it does its still not to bad a stoploss just below the gap...

    The longer view shows a Cup style pattern and the close up gives both a Cup depth Target and a shorter pennant flagpole projection, hopefully all within the Andrews Trajectories.

    Thanks very much for the heads up
    I was away till late tonight.
    cheers,
    John

    PS Sorry I didnt pop the Bollingers on the chart
    I personally find them very reliable indicators,
    I will draw some when we revisit this thread

    My thanks for your generous support and friendship
    over the years..goodluck




 
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