my chart for dingo

Hi Dingo,

I do not agree with you that I am concerned about the stochastic as I do not pay much attention to it, and when I use it I do not use the normal parameters.
If I was a bull of this share I would be concerned as it has not broken upwards through the downsweeping red line, and the confluence area is only there providing the pivot holds of two days ago, and I am not prepared to say that it will hold. That is the final pivot controlling the yellow line.
Until the current red line has been broken to the upside I would not hold the shares, and if I want to invest in an oil and gas share I would look elsewhere.
The chart system I use is different to most charts and if one only gives the chart a superficial look and does not think very deeply one can miss the major matter it tries to portray which is the balance/power of the various forces.



Best wishes to you Dingo
B2