Welcome to Free Daily Charts

www.chartchat.com.au. Please click this link and visit our website for 'Chart of the Week' selections and see how our notional share portfolio is performing using these stocks. www.chartchat.com.au is under construction with new features being added along with a subscription service to help turbo charge your investments decisions.

Monday, March 12, 2007

DNL - Discovery Nickel (ASX)

DNL broke through resistance (blue line) only to retrace in a 'ABC" corrective wave onto the 50% Fibonacci and 200 DMA support cluster. With the MACD and Stochastics developing a bullish relationship it would suggest that the correction may have completed. A break of $0.26 would project a swing high target of $0.38.