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I have just realised this is a weekly chart! and not a daily but...

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Resurgam

1,392 Posts.

7

23/02/17

02:13

Post #: 22829009
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Originally posted by barret81 ↑

Will it the old resistance of $1.05 hold you think @Jako64? Will be interesting tomorrow.

View attachment 475160

Also Jako, looking at the last time it touched $1.05 I noticed the two bar set up around the reversal. This set up would normally say it is heading lower wouldn't it - if you only had the two bars highlighted? (as the second bar did not breach the high of the previous bar). Despite this the third bar heads higher.

Is the important thing to pick out here the volume? The volume on the second bar is higher than the previous down bar?

View attachment 475163

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I have just realised this is a weekly chart! and not a daily but does that matter?
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