Charting for beginners

[Triathlete]

Interesting coincidence:
Check out what I posted a couple of hours ago in the Gold thread:
https://www.aussiestockforums.com/forums/showthread.php?t=2366&p=848434&viewfull=1#post848434

The same pattern seems to develop on the ILU chart.

View attachment 60285

From that perspective, doubling the range from $11 to $4 (in round number) makes $5 a reasonable target. Remember though, we're talking possibilities; charts never "predict" anything with certainty.

Thanks for posting your chart. The probabilities seem to be confirming ILU will be moving lower over the coming weeks and months.I will keep an eye on managing the trade. Thanks for confirming further.

 

[Triathlete]

Updated ILUKA Chart with possible price target based on current analysis.

 

[BlindSquirrel]

Resurrecting this thread. Just looking to gather opinion on which trend would be the most likely one to follow. There is a longer term support trend but the stock looks like it's in a downward channel/wedge.