AQA 0.00% $3.37 aquila resources limited

selmax, robb, shark37 et all, page-6

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    Hi Steveman, just happened to glimpse my nic in your post title. I've had a look at the chart (see below) and yes MACD & Stoch both provide sell signals, so it looks like some short term downside, but I would suggest caution about shorting here because you'd be going against what looks like a pretty well established bullish trend. Therefore a scalping short with a tight stop might be OK, but that's about it. Yes its failed to break resistance at 11.30 twice but a 3rd attempt is usually succesful and there's a gap there dating back to 2008 (see yellow rectangle) which could be still be filled pretty readily on a breakout of the 11.30 resistance.

    2010-01-14 AQA chart
    Hope this helps. Trade safe. Cheers, Sharks.
 
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