Charlie’s Charts 13th March 2024
The local market is down from the highs after following the US market lower and could be forming a bearish flag pattern or on the other hand is perhaps consolidating near support for a further move higher. Time will tell. The prices of gold and bitcoin look to be following similar trajectories. Gold stocks like Capricorn Metals are down from the highs as gold fell after the latest CPI figures from the US. The following is from Tom Bowley at Stock charts and shows that fast rallies of 25 per cent in 90 days usually happen just after […]