USOP Candlestick Chart

[alanceltic]

Just following up on Badgers thread "My Gift".

I dont use charts but it might be useful to someone, I just couldn't resist charting it from the data that Badger uploaded.

[Mosa]

AlanC

I have to say that is very interesting as it is a pretty text book looking head and shoulders pattern with a neckline at 3.00 - which is where it broke from.

You can all google what it means as there are a few def's but targets are often the height of the neckline to head, so roughly 3, and low and behold what did we hit on one day after.  When H&S break it is normally pretty fast. 

Hmmmm, so I wonder if peeps were looking at this.  Would be worth keeping this up as might prove interesting

[Debug]

Did you know that I automatically plot a candlestick chart on skydrive?

You can see it if you open the "daily_chart" file from here ...

http://sdrv.ms/TSxM3H

This is updated in real in real time with the tracker.

[alanceltic]

Debug, I didnt realise you had one on skydrive, apologies.

[Mosa]

Debug, I had and I did look at it but it never seemed to have the granularity of the one Alan posted, that was all, a very defined pattern there.

Anyway, charts work better with liquidity and lots of shares so it was always going to be difficult making any decisions based on them, but that does look pretty clear!

[Debug]

Alan, absolutely no need to apologise,  was just not sure people new it existed as its hidden away a bit :D   I like your volume overlay better.

Mosa, I think we are on the same resolution now, I have changed the charts on that sheet a fair bit over the months and it also includes volume/turnover, ema and macd charts now.  Totally agree about liquidity.