For the shorters and Michaelmou who has offered to bear his bum if it goes to 8.80 here is my chart.
In my system a sell signal is generated when you are in the red zone(red ribbon). This signifies cycles may be syncronised for a down move....PLUS the signal line makes a good convincing reversal outside the wall of the Voodoo Tube. You must have BOTH for a signal.
For a buy you must be in the green ribbon with a reversal outside the bottom envelope.
Arrows show valid signals
This system is designed to get tops and bottoms of big moves. As BIL cycles quite well it has worked well in the past on this stock
BIL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
