SHE 0.00% 0.8¢ stonehorse energy limited

chart, page-9

  1. 461 Posts.
    Hi 440ml

    The picture for SHE is complicated. We are in the middle of a CR, change of company business model, renaming and relisting. The macro market is in a sell off particularly for resource stocks. You are correct there is clearly a head and shoulders pattern where we would normally be waiting for either a throwback on increasing volume which is the buy signal or signs of SHE entering new lows from the right shoulder on increased volume which is the sell signal. I see low selling volumes at the moment and am hoping for a throwback coming up to relisting, however the macro market could mess this up!

    All IMO.

    Regards,

    Chilloutman
 
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