Got to 301 - but struck unexpected headwind and dropped back to 300.
A couple of keen buyers at that level so might head northwards again by end of the day. Hope you're all buckled in for an exciting ride!
Yeeha! AIR now at 301.5! Looks like we might be through the barrier and onwards and upwards from here.
Pity Roger isn't around to share in the joy on ST (and ramp it up even further) - but no doubt he'll be celebrating with a quiet one or two this evening.
Last edited by pierre; 13-01-2016 at 05:52 PM.
Reason: Typo
No...$3.11 is the primary resistance then its blue skies..
The depth $3.00 resistance is now gone...
This theoretically means lower risk to buy...as $3.00 now becomes a support..so the risk v reward equation becomes more favourable..
However the reward side of the equation is still low as the cyclical (primary) resistance is still there..
Its all to do with safer investing...You lose the opportunity for big gains at high risk and replace it with smaller gains with lower risk
Disc: dipped my toes in..bought a small parcel...viewed as possible short term (hold until sell signals)
Hoop, agree with your comments in general.
But don't fully agree with your comment that the reward side of the equation is low (re AIR this time around)
Whilst AIR is cyclical and will sometime in the future reflect that with lower profits and a share price back to $2 or less the current fundamentals are so strong that the share price cold easily go to $4 or higher (now that the $3 barriers is probably breached)
So I see current situation as low risk high reward .....but don't forget o bail when the cycle turns. Remember the markets giveth but the market also taketh away
Still need to see if $3 holds over the next day or two ......but been solid buying already at $3 and above and that's a good sign. Psychological barrier gone, punters are happy.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
But don't fully agree with your comment that the reward side of the equation is low (re AIR this time around)
Whilst AIR is cyclical and will sometime in the future reflect that with lower profits and a share price back to $2 or less the current fundamentals are so strong that the share price cold easily go to $4 or higher (now that the $3 barriers is probably breached)
So I see current situation as low risk high reward .....but don't forget o bail when the cycle turns. Remember the markets giveth but the market also taketh away
Still need to see if $3 holds over the next day or two ......but been solid buying already at $3 and above and that's a good sign. Psychological barrier gone, punters are happy.
Yeah Winner you're right..The reward side doesn't alter when the price teeters around resistances/supports
I got 2 discrete PM's as well wondering what the hell was I on about...one even wondering why I bought as well ...right on the resistance at $3.01 ($3.02) after all my preaching about shouldn't buy near resistance levels...
Yes the risk is lower today at close with the psychological $3 cracked...
Low risk now???...not sure... still has the chart 3.01/3.02 resistance but the depth tells us that resistance is weak but it is a TA threat..The cyclical resistance at $3.11 isn't in play yet so we don't know how strong it is or if it still exists after all these years...
As usual time will tell..
AIR closed today up 6.5c to $3.015 on reasonably good volume
Hmmm yesterday....Investor brain dysfunction + finger on buy button = not a good combination.
Disc: entered with small parcel yesterday at $3.01 (totally mistimed the day's buy in as well)
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