Fosterville South Exploration Ltd V.FSX

Charts and Technical analysis interest

[Scotty19]

When you look at charts you also have to look at the indicators. I like RSI MACD SLOW STOCHASTIC and DMI.
 I like the Post from Mesa1 but the Slow Stochastic on a 1 year/weekly chart is too high and will probably bring the price down when the Slow Stochastic reaches a top on the daily chart.
If you look at my previous Post I mentioned the retracement down to .375 is a .764.
I only work with high close and the low for Retracements.
.77-.25=.52x .764= .397
.77- .397= .372 or .375
 Now you can work out possible resistance levels as the price moves up from .375
.77- .375= .395
Using an online Fibonacci calculator on the Downtrend.77 is the high and .375 is the low
Resistance levels are
382=.525 500=.57 .618=.619 or .62 the closing price March 23 and we are retesting it today. We should go higher but with caution because of the Weekly charts.
Great to see some other Technical Analysis.
If you want some more information you can see my posts on Vmd