XAO 0.59% 8,703.1 all ordinaries

XEC - weekly chartI'll let the chart do most of the talking....

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    XEC - weekly chart

    I'll let the chart do most of the talking. Weekly RSI into oversold range has provided a platform to springboard off with 3 of those in June/July, and the other in December (2014). All those reversals took between 4-6 months to play out.


    https://hotcopper.com.au/data/attachments/1362/1362146-61e9a96385e66c9213b4c43ba421b240.jpg


    I'm not a chartist, I just interpret what I see. I just use simple indicators and Darvas boxes. Don't use this post as trading advice smile.png

 
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