ESS 0.00% 50.0¢ essential metals limited

The Inverse Head and shoulder lineal pattern is still intact...

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    The Inverse Head and shoulder lineal pattern is still intact waiting for secondary information or more positive affirmations about our projected paths. The 50 DMA is still in uptrend.
    The right shoulder on yearly chart has had small breaks to around 3.4c and seems to zig zag slightly which is normal for an Inverse H.S. It is most often a positive and profitable pattern if and when it breaks out on valuable confirmation of the positive progression stages of the business
    model. The tentativeness of holders and new value investors disappears on the basis that it could quite profitable very quickly and shares are often picked up quietly if an under valued share.

    There is a lot of negativity in many Spec shares at the moment in dips in many companies that do not have advanced plans in progress which makes it tough for other companies that are more progressed with time zones closer for results. Pessimism is not a helpful ailment in speculative trading. Beware the Down Rampers. Successful research is the key.

    An opinion only of course. GLA


 
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