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10-02-2014, 10:07 PM
#1601
Aug 2011 was a different country
With both the closing share price and the E4 (Exponential 4 day average) below the E64 average the RYM share price is not totally green.
So a little weakness, that depending upon your approach, is either time to consider selling out or topping up.
Decisions, decisions.
Best Wishes
Paper Tiger
Edit: The title? Aug 2011 was last time the SP was this 'weak'.
Last edited by Snow Leopard; 10-02-2014 at 10:09 PM.
Reason: added an explanation to the end
om mani peme hum
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13-02-2014, 11:16 AM
#1602
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13-02-2014, 11:16 AM
#1603
I think RYM has reached a consolidation phase, a bit like MFT in August 2011 when it reached $10.50, then went sideways between $9-$10 for about a year, before heading back up again.
For it to keep going up will depend on how well it goes in Aussie. I trust management to pull it off
Disc: Hold and accumulated a tiny bit yesterday
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13-02-2014, 11:18 AM
#1604
Originally Posted by samdaman
I'm still new but from what I've been grasping here and there wouldn't getting closer to that MA be giving a buy signal? given its also getting close to or touching the lower trend channel aswell? Correct me if I'm wrong I'm new to TA and investing
or it could mean the upward trend has ended and is now in a downwards trend.
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13-02-2014, 11:20 AM
#1605
I switched some RYM to more AOG (ASX) as AOG has better momentum atm as it emerges as a pure play retirement vehicle.
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13-02-2014, 11:29 AM
#1606
Member
Originally Posted by Harvey Specter
or it could mean the upward trend has ended and is now in a downwards trend.
so then if it turned back up of the trend channel and MA we would assume we've just found a higher low and all is good to go?
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13-02-2014, 11:39 AM
#1607
Getting very close to the bottom channel line on me old Linear Regression Channel Chart
Could be close to saying this long term uptrend that started in mid June 2012 is about to end
Methinks it is nothing to do with RYM and its performance. Methinks this a sign that the whole market is in the throes of being slowly downgraded (ie overall lower PE ratios)
Yes couta before you ask methinks that SUM is going through this process as well. That is why SUM hasn't increased as much as you think it should
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13-02-2014, 12:35 PM
#1608
Long term view
here is a proper chart with a log price axis of the last five years with closing price and a 16% trailing stop (Tiger method)
So are we all worrying needlessly?
Attachment 5466
Best Wishes
Paper Tiger
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28-02-2014, 04:32 PM
#1609
Member
Bit of action today someone must have inside info about australia ?
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06-03-2014, 08:45 PM
#1610
Member
ASB had the big SELL sign out for Ryman today with the share price at $8.31.Not sure to sell down or not.Comments please are welcomed + or -.
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