Statham

Statham

Here's where I think we are. We are at 38.2% retracement from previous move which provided considerable resistance and price bounced off this point. I am looking to go long at 245.90 providing this previous resistance point turns to support. From there taking profit at sweet spot target of 306. If higher values are rejected (I am expecting they will be) then...

Statham

* Looking purely at RSI * , the down trend was broken on 2nd March, marking a return to bullish territory. We are again down below the trend and since this was the third-leg up on the RSI it seems we must be heading slightly down and/or sideways for a period to consolidate either at this level or around $250. News concerning the price paid at the US Govt...

Statham

The break to the downside today means we are not likely to test the resistance line C. until the end of February. A series of higher lows since 14th Jan means the prospect of trend-reversal and continuation of the long-term uptrend still has high probability. Expecting some sideways action and consolidation at these levels this week in a range of 225-240

Statham

Since November we have been in a clear downtrending channel. On 14th January we finally broke out of the channel to the downside and hit a clear bottom at 160. Now we are back in the channel and re-testing the upper limits of that again. The next few days should give us a clear indication if we are back in the channel or we can break out to new highs of around 300.

Statham

First published chart - constructive criticism welcome.