Pullbacks after starting a run

• 15 July 2008

• #21

tech/a

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stargazer said:

Great, thanks very much Tech and MRC will be analysing with interest.

Cheers
SG

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Post your analysis here!!
Great practice.

 

• 15 July 2008

• #22

tech/a

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I'll put mine up tommorow morning.

 

• 16 July 2008

• #23

S

stargazer

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Hi

Okay i will have a go here on HGO.

The trend has been down for the last 6 weeks after a short burst. The price has dropped on low volumes.

The price has closed on the low side of the bar the last two days. Is now below its 200ma

Wouldn't enter just yet until some movement towards the 200ma and more volume.

Cheers
SG

 

• 16 July 2008

• #24

tech/a

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HGO

 

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• 16 July 2008

• #25

MRC & Co

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Yeh, you can see the distribution in the background. Volume drying up, to the point it now looks to have set into a sideways pattern. Would want to see an impulse up and for me, a further lack of sellers and a movement up above the high of the impulse before I would get on board.

Definately move onto the next chart with this one until further time.