AUL 0.00% 28.5¢ austar gold limited

updated chart, page-24

  1. 2,403 Posts.
    It's a good question.

    Obviously after the first rise back in December, she retraced 60-odd% to the fib retracement line.

    But, after the second rise on Jan 11 it retraced slighty from the high of 9.1c to support at 7.7c or about 15%.

    On the third rise (19-23 Jan) it retraced from the 10.5c high to support at 9.1c or 13.3%.

    The fourth rise on 2 Feb? Retrace from 12.5c to support at 10.5c - ~16%

    And then the current rise.

    High at 17c, support at 14c - ~17%.

    So the last four rises have actually only drifted down around 15-20% before the next leg up.

    Tomorrow will be the judge!

 
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