SHE 0.00% 0.8¢ stonehorse energy limited

Hi 440ml The picture for SHE is complicated. We are in the...

  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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