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Charting Made Simple: A Beginner's Guide to Technical Analysis by Roger Kinsky

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Appendix: Chart interpretations

Figure A4.23: Lihir Gold (LHG) 6-month OHLC chart

bapp01f01.psd

Source: www.CommSec.com.au

I see this chart as a slight downtrend, followed by a break out to a slight uptrend. This uptrend could also have been interpreted as a double bottom. Then there’s a big gap due to a takeover offer which took the price to a new high, after which a series of channels formed. I’ve also shown with dashed lines what you might interpret as inclined double bottoms and tops.

Figure A4.24: OZ Minerals (OZL) 6-month OHLC chart

bapp01f02.psd

Source: www.CommSec.com.au ...

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