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04-01-2019, 01:53 PM
#11921
Originally Posted by winner69
WTF going on A2 share price
China problems again or something?
Nothing to see here winner, completely normal A2 behaviour.
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04-01-2019, 02:02 PM
#11922
Originally Posted by BlackPeter
Normal bear market volatility?
But than - they are for the last year or so clearly in a downwards trending trading channel. I guess at some stage they need to find a new low in that channel, but ways to go.
Lol, a year ago it was $7.66 NZ, if all shares had that sort of downtrend, the crowds would be ecstatic. PS-Just over a year ago it was $4.
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04-01-2019, 04:36 PM
#11923
Originally Posted by couta1
Lol, a year ago it was $7.66 NZ, if all shares had that sort of downtrend, the crowds would be ecstatic. PS-Just over a year ago it was $4.
Not quite. It was (exacly) one year ago $8.20. But yes, forgive me for having been slightly inaccurate - I should have said "in a downwards channel for the last 10.3 months". Here is the channel I am talking about:
Attachment 10230
In case you are not quite clear - I printed the channel walls nice, fat and red for you ;
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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04-01-2019, 04:42 PM
#11924
BP ....pretty dismal eh
But channel might look different if you used ln(price) data (as the spotted one would suggest)
”When investors are euphoric, they are incapable of recognising euphoria itself “
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04-01-2019, 04:45 PM
#11925
I think the charts look terrible due to all this Trump vs China tariff battle and people got spooked. Once half year figures come out next month we will see ATM rise again if only to $12 per share until full year guidance is given. That is my take on things. Business as usual
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04-01-2019, 04:46 PM
#11926
Originally Posted by BlackPeter
Not quite. It was (exacly) one year ago $8.20. But yes, forgive me for having been slightly inaccurate - I should have said "in a downwards channel for the last 10.3 months". Here is the channel I am talking about :
Attachment 10230
In case you are not quite clear - I printed the channel walls nice, fat and red for you ;
Its amazing how much you can make on this share in a downtrend, it's a milky gift that just keeps on giving unless you bought and held at the top end.
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04-01-2019, 04:48 PM
#11927
Originally Posted by winner69
BP ....pretty dismal eh
But channel might look different if you used ln(price) data (as the spotted one would suggest)
Log wouldn't make much difference given the quite limited span. But feel free to check it out ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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04-01-2019, 04:55 PM
#11928
Originally Posted by BlackPeter
Log wouldn't make much difference given the quite limited span. But feel free to check it out ...
Not a log scale but plotting ln(price). I got told off by the spotted one once for doing what you did.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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04-01-2019, 05:01 PM
#11929
Originally Posted by BlackPeter
Not quite. It was (exacly) one year ago $8.20. But yes, forgive me for having been slightly inaccurate - I should have said "in a downwards channel for the last 10.3 months". Here is the channel I am talking about :
Attachment 10230
In case you are not quite clear - I printed the channel walls nice, fat and red for you ;
If you plot the trend from beginning of 2017?
Looks like the uptrend is still intact.
Meanwhile, there are still 50m shares (a cool $500m) still short!
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04-01-2019, 05:17 PM
#11930
Originally Posted by Balance
If you plot the trend from beginning of 2017?
Looks like the uptrend is still intact.
Meanwhile, there are still 50m shares (a cool $500m) still short!
Yep over 6% shorts yet they dont seem to be doing much to the price overall of late, I wonder how many are going to hang around right up till the Feb result and risk being incinerated as they were last Feb.
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