CCU 0.00% 5.8¢ cobar consolidated resources limited

for the chartists, page-58

  1. 22,593 Posts.
    Bonehead, heres a couple weekly charts that start way back mid 2010,

    warning a bit of a blab fest :)

    CEB, for the ST agree with R2R (howdy btw), todays bar imo will set the ceiling for any further gains, note how its spread has reduced and closed middle but with still, a lot of volume..

    there would I imagine be heaps of supply within the 2previous days and even today, would expect it to possibly create a TR,

    bouncing between the high/lows, but will need more time to sort itself out and for the picture to become clearer, then we can give a better answer

    but would obviously be on the lookout for any bullish signs, and atm its impossible to say

    cheers

    Weekly chart looking at the big uptrend and start of distribution



    weekly again but the whole picture



    daily

 
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