The market has become some what directionless.there has been a pullback after a strong run.Make no mistake ,it is still in a bull phase and is like to advance some more.
On the Stoch the iron and related products are continuing to do well,namely ACL,KIO,EXX ,BUT ARE APPROACHING AN OVER BOUGHT SITUATION if the prices go up rapidly.
In limbo and able to go either way are BIL,AGL,IMP,SAB.
Over sold and showing signs of recovery are AMS,SOL.
The TOPI has come off a little,but looks lkely to reverse up again.Do watch the ROC(momentum) on the chart which shows it steady and unlikely to fall further for the time being
Always keep those Stop-losses in place as changes can come quickly.As always only my opinion/
On the Stoch the iron and related products are continuing to do well,namely ACL,KIO,EXX ,BUT ARE APPROACHING AN OVER BOUGHT SITUATION if the prices go up rapidly.
In limbo and able to go either way are BIL,AGL,IMP,SAB.
Over sold and showing signs of recovery are AMS,SOL.
The TOPI has come off a little,but looks lkely to reverse up again.Do watch the ROC(momentum) on the chart which shows it steady and unlikely to fall further for the time being
Always keep those Stop-losses in place as changes can come quickly.As always only my opinion/
