RYM - Ryman Healthcare

[skid]

From what I have gathered from chartists an uptrend is established when the 50MA breaks through the 200MA--still a fair ways to go for that (even the SP hasn't gotten there yet)--bit early to be talking an uptrend

but its a pretty good day for the old folks shares SUM up as well

[Nasi Goreng]

50/200 is just one signal to confirm an uptrend has started. What is interesting is that today or in the last few days, RYM, SUM and MET have all broken through the 50 day avg and it looks like they have a long way to go. This could be quite a bounce if momentum continues.

[skid]

Yep the ''last few days chart'' is looking pretty good (doing better than alot of the last 50days)

[Biscuit]

Yep the ''last few days chart'' is looking pretty good (doing better than alot of the last 50days)

It's had a quick run up from the low 700's, now seems to be bogged down under $8. Might need the push of a good announcement to get much higher from here?

[Biscuit]

The EMA moving average is showing 50 day EMA $7.63 and the more important 200 day is $7.92.
The "real" buy signal will be when the sp goes up through the 200day EMA.That looks some time away.

We must be there by now Percy, where are all those TA buyers? Are you buying now?

[percy]

We must be there by now Percy, where are all those TA buyers? Are you buying now?

Yes we are there Biscuit.
The speed we got there caught me by surprise.!!
Today the share price is $7.90, above the 50 day EMA [$7.64],the 100day EMA $7.75 and the 200day EMA $7.87.
Just have to do a budget, as I will have little income from now until February, and a lot of expenses [two daughters] coming up with Xmas etc.But am very tempted.lol.

[gv1]

yes, after selling down heavily during times of doom and gloom... I invested heavily in this and another stock I mentioned lately. IMO I see it as safe stock.

[Biscuit]

Today the share price is $7.90, above the 50 day EMA [$7.64],the 100day EMA $7.75 and the 200day EMA $7.87.

Interesting that it has knocked off the TA milestones and stalled. I'd have rather thought that once it breached those TA marks, it would have got a bit of a kick up?

[percy]

Interesting that it has knocked off the TA milestones and stalled. I'd have rather thought that once it breached those TA marks, it would have got a bit of a kick up?

That's what we enjoy about the market.!!!
Just when we think we can understand it,it does something different.!!!..lol.
TA is just another tool for us to use.
Most movement is caused by a positive/negative announcement, that the market did not expect.

[Biscuit]

That's what we enjoy about the market.!!!

Most movement is caused by a positive/negative announcement, that the market did not expect.

yes, market perception and assumption is whacked in the face by reality, not every unexpected announcement is impossible to anticipate