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Short Term Trading Weekend Lounge: 15-17 Feb, page-66

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rick64

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17/02/19

15:31

Post #: 37463104
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Originally posted by rick64: ↑

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.

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Daily BID looks Bearish

XAO Value at posting: 6,148.6
4 Upvote

0 Great analysis

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Last 8,612.6		Change -48.600(0.56%)		Mkt cap ! n/a

Open	High	Low
8,661.2	8,682.0	8,606.8

XAO (ASX) Chart