ABGL.L: African barrick

"I am no expert but there is a long way before investors will start to accumulate again. There is no signs that this is happening for now. So I dont agree with the III discussion board - i dont think they have a clue how low this can go."

Lol - i 100% agree with you on that WR, more downside on this one to go imo barring a miracle of some sorts.

idiodyssey wrote: Hi Remo

Where do you see support here? On the abg bb there are claims it as support but
They are consistently optimistic that this I'd the bottom it's difficult to take seriously
Without a chart.

Hi idiodyssey
There is no known support for this as its in no mans terrortory. IE its not traded this low before.
I think waverider and wave surfer have given a good guide. You could use point and figure targets as supports but it will be way to risky to use.Its also just broken out of the channel low(not the clearest of channels). Your best bit would be to wait for a 123 low formation to give you an idea of a possible low, any thing else would be just a gamble really. This is also in a clear down trend so going long on this is going against the bigger trend.

On P&F..target already met on daily...let me check lower time frames...



This might retrace to 238 or so but looking at the candlestick this is driving furthur low...


when everything fails, wait for a reversal and I dont see it either on daily or 60 min.

cheers
Ram

Candlestick Chart Weekly



Monthly...


To me it may go to 200 minimum....and P&F might tell something at that time....

Cheers
Ram

Hi ramu

im really confused now....I did not realize African barrack went back that far in history.
My chart will only load data from 2010 for this share but your chart loads a lot further.
so you should be able to do supports then...Strange why my charts dont go that far????
is anyone else having the same problem with there charts?????

Remo - looks like i'm in the same boat as you lol, i cant see any date pre 2010.