Classic mate - @SreeHC passed the test I set him by saying...

Classic mate - @SreeHC passed the test I set him by saying

"Those types of charts can be interpreted in multiple ways"

Put simply - if you want a buy you can find a reason - if you want a sell - likewise.

I do not hold the view that any TA will help much when trading (or investing) in highly volatile small cap spec explorers.
I believe you must research and learn all you can about the company, its management, it's projects, the sovereign risk, and the sentiment in the market, etc - and then look at the charts, and maybe glean that others have taken the same view as yourself.

Anyway, and sincerely, thanks for your reply, and good luck with your method.

You might be interested in the ASX 'materials index' which you can view on CommSec - watch carefully and beware if it turns down



And, oops, sorry the monthly chart - shows strong two year uptrend, and I notice that you get a buy signal.