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35.5¢ musgrave minerals limited

Hi @slange, what time period and type would you use (on a daily...

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Harley64

85 Posts.

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18/02/19

16:17

Post #: 37473830
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Originally posted by slange: ↑

My computer skills are somewhat limited,so a chart I cannot post.
Regarding technicals you should have charting capabilities on your platform and if you can find the rsi which is a strength index you should be able to check back in time and correlate the rsi to decent tops and bottoms.
If you go back to 14 Jan then you would see a top at .115 with an rsi reading of 76.66 which indicates an overbought situation.
The same thing happens when its oversold with the inverse happening with the rsi.
Then just check back historically on any stock you want.
It doesn't work all the time but its generally a pretty good guide.
There's a host of signals out there.It depends on what suits your style.
You just have to put the time in to find out.
Looking at mgv now its having a nice little pullback and the high of the previous range was .085 so as the old saying goes that tops become bottoms once that top has been surpassed.
So if .085 holds then its a decent sign because it will be retrenching less than 50% of the little rally we've just had and 50% is the main resistance point of any move.

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Hi @slange, what time period and type would you use (on a daily chart?) The defaults on mine are as below

MGV Price at posting: 8.6¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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