I think its still really only a matter of time until everyone gets it, for now imagine 4% of china http://www.heraldsun.com.au/news/nat...-1226589396777
Printable View
I think its still really only a matter of time until everyone gets it, for now imagine 4% of china http://www.heraldsun.com.au/news/nat...-1226589396777
Hi all you might find this interesting for this thread.
http://www.bbc.co.uk/news/business-22066243#
Depth currently isn't looking too good. ~2mil sellers up to 60, yet only ~500k buyers from 51-56. Getting to the point where I may be sending my money elsewhere. Any of you chart experts got any views?
Squeezed BB with down trend often indicates either a reversal or a change of rate of the same trend......because TA indicators reflects past and present trading behaviour one should not be surprised to see weak technicals in this situation it is often the case ... divergences are always nice to see for it increases the odds but they are not a necessity in a reversal.
Which Way is the trend going to go and when???
Looking at the chart there seems to be a possible inflection point at 56c where the MA50 EMA200 trendline and the bottom BB band line are all lining up reducing the wiggle room for the ATM share price and will force the price to break out...Inflection points with a lot of players involved are powerful areas...Keep in mind that the 59 resistance line and the primary trendline are imitating an ascending triangle type of chart pattern (invalid). A valid Ascending triangle chart pattern pattern haa a 70% breakout upwards (Bulkowski) Mind you this is not a true ascending triangle pattern (invalid) so I would lower the breakout upwards odds from 70% also that 59c resistance line looks very strong as confirmed by the depth data........................but probably still odds on as it is a bullish pattern type.
Time will tell whether to buy or sell on which breakout direction
Disc" sold last week at 56c (6% profit)...reason: lowering the overall risk of my NZX portfolio by increasing my cash/equity ratio....
http://i458.photobucket.com/albums/q...m110042013.png
I use the free version of Incredible charts... I create my chart and save it to my computer as a picture file ...I then use the open source Paint.net software and add the extra lines, text, highlights, expand the canvas and inserts etc and save the edited picture file again ......I upload the picture file to photobucket to obtain an image code.... I then copy and paste the image code to my Post on ST.....It does take some time to do this :)
Sometimes I use Stockcharts (posting on the S&P500 thread) the free version shows the intraday stuff on Wall St exchanges.
The depth insert onto the chart above was done using Paint.net software....I just open a new paint.net program page then push the PrtScn button on my keyboard click the edit and paste the screen scan to the new page...I then cut the part I want from the screen and paste it onto the other program page containing the chart and resize the insert to fit....very quick and easy once you know how.
A man after my own heart Hoop..
Keep it simple.. Keep it cheap.. We all would like to be Gordon Gecko.. But .. Sell... Buy ... Sell..
But come on !!.. We have to be realistic.. How often can we really do that.. ???
Take time to research.. Take time over decisions.. Make sure that all the boxes are ticked...
So you have to forgo a few parties .. A new Mercedes.. A wild weekend at ST Moritz.. A Bank Account in The Caymans...
AyyYaaa YAAAA... .. Must get back to the Interrrrrrrrrrrrrrrrrrrrrrrrrrrr... $$$$$$$$$$$$$$$$$$$$$$$
I got out yesterday too for a small profit.