AAR 3.85% 13.5¢ astral resources nl

Get Moving, page-29

  1. 9,235 Posts.
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    @Marketscan

    here is my basic chart (sorry, I am just an L plate chartist so my charts are very simple and just one shot picture compared to your multiple indicator charts )

    I just noticed that there was an inside day pattern formation yesterday and that too at the TOP of the Bollinger Bands which is a bearish pattern as per my understanding... I did expect to see a drop in the sp today and it has happened.... the bulls have probably run out of ammo here as there has been no release of further fuel (news)...

    imo, the next couple of days will be a bit of nervous selling by punters who will feel they got caught out buying the top... I suspect if there is no news this week, there might be a bit of further sell off..

    support at 2.2/2/1.8c imo...

    AAR - 16082016 inside day at top of bollinger band - bearish.JPG
 
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