XAO 0.77% 8,633.1 all ordinaries

Short Term Trading Weekend Lounge: 15-17 Feb, page-63

  1. 3,034 Posts.
    lightbulb Created with Sketch. 25
    Monthly look @Kangagirl by my untrained eye. Code is BID
    You have a long bullish candle followed by a spinning top (indecision)
    Followed by a Shooting Star (bearish) which leads to a red month of December.
    Then you have 3 white soldiers (bullish) leading into an unfinished green month of February.
    MACD, Momentum, RSI all positive.
    Volume seems to be falling off a bit.
    Broke prior support @ 0.86
    Broke prior high @1.23 in September
    I see next resistance @ previous high 2.33 roughly in Nov/Dec 2015.
    That is all I can see on the chart unless one goes back to 2013. Not sure if that is relevant?
    On current trajectory BID should reach 2.33 on 9 June according to my chart lol.
    Anyway, that's just my very amateurish take on it. If I had the readies, I would buy.
    https://hotcopper.com.au/data/attachments/1441/1441588-1728328489e10bef27d5a9352d523ed1.jpg


 
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