CHZ 4.17% 12.5¢ chesser resources limited

what a disaster downtrend continues, page-2

  1. 13,066 Posts.
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    Hi Fish,

    I've been itching to grab some of these as I like the story alot. Unfortunately I can't get a buy on the charts and it looks very average indeed. Note the low volume trade means it wouldn't take much to quickly push it either way.

    I don't like seeing stocks break the 61.8% retracement from their long term range. Indicates significant weakness. What I see happening now is that the 61.8 fib line becomes resistance and we test that level (~55c). What happens from there will determine the medium term trend perhaps.

 
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