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SoloTraderAU
Nov 1, 2016 3:34 PM

Hanging man candlestick pattern Short

EUROPEAN METALS HOLDINGS LIMITEDASX

Description

After EMH.AX hit channel resistance at AUD$0.68, a hanging man candlestick pattern formed with the assistance of Stochastic overbought signal.
I will wait for the price falls to Fib Retracement 23.6% intersect Fib Fan 50%. Therefore the better price to be noted is $0.56 or otherwise the horizontal support at $0.51

EMH.AX is my favourite Lithium mining stock
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