CCC continental coal limited

what about gap on 14-15 july last year?, page-5

  1. 189 Posts.
    Thank you 5hareholder/
    Unfortunately i`m not as strong in TA as you, but I`d like to share my primitive calculations.
    As a long term holder I usually use weekly graphs with `the end of the day ` prices.
    According to my graph the price moved from 3.7 on 2 July to 8.8c on 21 of January. I see this as the 1st leg of the 1st wave.

    8.8-3.7=5.1c

    5.1 x 0.32 =1.6
    8.8 - 1.6 = 7.2c this is the first resistance level, it is broken now.

    5.1 x 50% = 2.65
    8.8 - 2.65 = 6.15 this is 2nd resistance level

    5.1 x 0.68 = around 3.5c
    8.8 - 3.5c = 5.3c this is the 3rd lvel of resistance
 
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