thanks guys
i am really comfortable with fibs and historical support/resistance so that is how i am looking at the charts (combined with stochs, macd, bollies, candles & williams %r)
re MYG targets - i have 15.5 and then 22.5 as next targets (first one on drilling results prob next week and then another retrace before 2nd target mid dec coinciding with spp and revised resource estimate.
re RXL - i just don't know. depends on cr next week. could be a bounce up or down to whatever they announce. otherwise i'd picked a bounce and expected it would hit a ceiling of 9 or 10c without further good news. with good news i have 17c and then 19.5c based on fib retracements and projections.
i have a maths/stats background and am really struggling with the incredibly non-logical behaviour of the market. but am learning.
thank you
cheers
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- weekend charting 26 /28 nov 2010
thanks guysi am really comfortable with fibs and historical...
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