ADE 0.00% 19.5¢ adelaide energy limited

cup with handle pattern, page-8

  1. 4,041 Posts.
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    Hi Bobbyl, yes i see your "tea-cup" !
    not sure i am up with that particular technical analysis though. We are in a consolidation phase it seems, or potential flag. Flags usually signify potential for break-out. Flags are usually a continuation pattern (ie) you measure from the base of the start of the rally to the top of the high in the flag formation and then project the "break-out" to the equal size of the first rally... blah blah...

    Otherwise the fundamental story remains extremely good. It is just very boring watching this at the moment.

    Longer term view required .....as usual !

 
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