Charting

Thought we needed a clear and precise charting thread to share views and opinions purely on the charting side of things.



- Closed at an all time high yesterday
- Nice strong volume
- MACD crossover to Green
- Acting like it wants to break .330 and with a close over .330 would imply a very bullish sentiment
- Increasing interest in the stock and increasing amount of exposure through media is fantastic. I'm really enjoying the reading from that point of view.
- Market depth also looking very strong as of this morning.

In other news as CanadianDream mentioned:

"im guessing about 70% of the shares from Cohen estate have now been sold, leaves about 3-5m left
my guess is by the end of this week it will be cleared out then we will be back to a super tight register

AEF ~9%
Regal ~9%
Southern Cross VC ~17%
Insiders ~25%
New funds/instos that have bought through the block trade + on market = X%" (posted on the 18th December)"

Combine that with yesterdays buying and I have a funny feeling that the Cohen estate shares are almost if not completely out of ammo.




Exciting times. Have a great day and enjoy the weather in Melbourne.