Buy based on Weekly DeMark 9 Buy Set Up
Updated
Weekly chart shows a Demark sequential 9 bar print buy setup. Also prints off descending trendline and test of breakout. Tallies with fundamental global reflation narrative supportive of commodities. Expect this share to double from here. Target 9.3p then 12p on Fib projections from monthly chart.
Note
Well, this has played out very well. Broken out from wedge with large thrust (on good news). Next target is 12p based on fib projections from swing high to low.Note
This set-up is going very well and further evidence of the potency of the Demark Sequential. I expect this share to reach at least 12pTrade active
Going well - this share has exploded higher out of the consolidation wedge and aforementioned Demark Set-Up and is currently at 13.25p per share.
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