radge,Ansell looks like it is going to test the blue ST...

  1. 2,829 Posts.
    radge,

    Ansell looks like it is going to test the blue ST resistance tine. If it rejects, it will probably go to the blue ML, if it breaks above, it should do a backtest (which is where you buy it), then proceed 1 blue channel above, which should get price to meet up with the descending red resistance tine.



    Newcrest long term and IT views. ST daily has just gapped the black ML on the way down. It will probably visit the green ML and old blue resistance tine before it gets support from the black support tine. It does not look to be ready to have a go at the green resistance tine just yet, but when it is it will probably go to the red ML.



 
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