Cookie Policy

Chartsview Blog

The Latest Blogs from Chartsview

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Archives
    Archives Contains a list of blog posts that were created previously.
  • Login

SXX daily 11/06/13

by in ChartsView Blog:
  • Font size: Larger Smaller
  • Hits: 4582
  • 0 Comments
  • Subscribe to this entry
  • Print
4582
Picture
Sirius Minerals is still trading in No-Man's-Land and it's hard to know whether this is a bear flag or a choppy start to a new move up.

One possible signal is that in the last few days the price made a higher low whereas RSI made a lower low. This is called a momentum discrepancy reversal point (MDRP) and in this case could signal a move up.

Stiff resistance remains at the 28.75p to 30p area but if that breaks then price could move up quite rapidly as there's little resistance above there apart from the 36.75p all time high.

Supports are at 22.5p,
0
Trackback URL for this blog entry.

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Wednesday, 27 November 2024