Sean K
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I think it was a potential breakout, for sure, but I'm hesitant to put it in the outstanding breakout area yet. Would like to see a hold above 29, and a little more volume. Maybe I'm a bit picky.Does this count gents?
Got to go back a long way for higher resistance................
I think it was a potential breakout, for sure, but I'm hesitant to put it in the outstanding breakout area yet. Would like to see a hold above 29, and a little more volume. Maybe I'm a bit picky.
Have you noticed that most of the charts above have a spike low preceeding these moves.
Infact you'll see this on most charts.These are what we need to be looking for particularly after the markets had or is having a dose of the bears.
These are the opportunities.
Perhaps there needs to be a thread on spike lows.
The weekly chart probably illustrates the longer term upward momentum better for me, sydneysider.
The daily chart has a hammer on the 5th at the start of a gentle uptrend and the weekly chart currently has an inverted hammer, both bullish indicators.
The market is testing the upper limits up the bollenger band. It looks like we need, and the market is expecting, some better news in the next week or so before making a break out.
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