weekend charting 12/13, page-3

  1. 4,136 Posts.
    Hi all,

    Avid follower of this thread and have never drawn a chart but am trying to learn to interpret them. Apologies as I am unable to post the chart but I had a look at this on google charts and came to the following conclusions for SER with a view to increase my holdings. Would really appreciate some comments on my "analysis" and what else to look for.

    On the daily, price is stable around 16-17c on low volumes for the previous two weeks.

    Bollinger bands have tightened.

    MACD (12,26,9,1d) is looking to turn upwards.

    RSI is climbing and not yet overbought.

    Slow stochastics look to have broken a downtrend.

    From a TA perspective, would now be the time to buy/average up as I am already sold on the FA.

    Sorry to lower the standard of the thread with my amateur efforts at interpretation but I thought I would have a go rather than simply ask for a chart.

 
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