CCU 0.00% 5.8¢ cobar consolidated resources limited

for the chartists, page-9

  1. 9,497 Posts.
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    Jay

    The link to the chart from the week before showed bothe scenarios could have played out.... Break out with silver rising

    Or smacked down from the trendline. Purple and blue lines show both scenarios. No predicting required. It was either up or down.

    With today's chart, I think there is more downside. That's only my opinion. Stochastic is pointing down, resistance downtrend line held, and macd rolling over

    If the 50 cent support holds so be it. If it doesn't, does anyone with better data have a gap At mid 30 cents somewhere?

    If there really is production problems gap fans might be all over it ??

    Just my thoughts. Anything is possible in this market.
 
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