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Goatie_22
Aug 6, 2020 10:44 AM

DEG:ASX 

DE GREY MINING LIMITEDASX

Description

Break out of short term down trend testing nearest resistance at recent high. If daily candle closes above 0.850 we could see a run to test 1.0 again.
A small pull back and then a close above 1.0 should see a run to test 1.25 resistance.

Otherwise, a rejection here at could see it fall back to trend line or support at 0.625 to create a higher low before heading up again from the trend line.

A break of the long term trend line and close below 0.625 and previous higher low would be a bearish signal.
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