BASF - ending diagonal

Discussion in 'Technical Analysis' started by Stoqn, Sep 13, 2011.

  1. Stoqn


    What do you think about the formation?

    There are":

    - RSI divergence
    - all the five ways of the formation
    - previous strong downtrend with RSI indicating panic on the first bottom below 47 (46,94)
    - target which is near 50% fibonacci correction of the big downtrend

    The problem is the economic chaos in Europe.