Ann: Increase in Gold Resources at Wiluna , page-45

Oh for heaven's sake why aren't there any techies helping me out here!


Grogman.

It all comes down to Technical Analysis.

"never heard of a double top referred to in such short timeframes on an ordinary stock on the ASX"

Have you ever daytraded certain asx companies on their volatile days using an intra-day charting application? We're talking about those 15 or 20...minute charts.
(By the way, Forex was too volatile for me)

"(and providing any meaningful entry /target but hey just my opinion)"

What can I tell you? It is used in conjunction with other indicators and one's adopted trading techniques.

"My opinion is that if it drops down to 24c it will be because this is the 50% retracement level (See Fibs)"

I'm aware of Fibonacci retracement calculations among a multitude of other TA indicators. I rarely use Fibonacci as I prefer to rely on my personal analytical conclusions, not Fibonacci's. My conclusion of 2.4 wasn't from Fibonacci.

"If it goes above 3c then I guess you will miss any profit to be had..."

You'll be surprised Grggman. If it breaks out past the 3 cent threshold, I'll be all over it like a pit-bull on a poodle for the next leg up.

You should talk to some of the TA lads over at the obj forum as me getting really really really tired about that dreaded double top:(



Nanoo Manoo!