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

CHAR daily 16/05/13

by in ChartsView Blog:
  • Font size: Larger Smaller
  • Hits: 3442
  • 0 Comments
  • Subscribe to this entry
  • Print
3442
Picture
Another very tricky AIM share to read due to the two massive gaps down in May and Sept 2012.

There is a short term uptrend in play with support at 17.2p today. This formed from a long term bullish divergence so may have some strength to it. The key initially will be to break out of that short term downtrend from January highs which requires a close above 20.95p currently, though this reduces daily. An early breakout of the RSI would be a good indicator of this possibility.

Resistances are at that trendline and at 
0
Trackback URL for this blog entry.

Comments

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

Leave your comment

Guest Thursday, 25 April 2024