Trade Me (TME)

[peat]

hey w69
I appreciate the constructive criticism and am aware its a little bit marginal
but I still think its looks quite wedgie

Attachment 5270


and if you disagree again I will give you a wedgie ;+)

Bulkowski's example looks like this

Attachment 5271

probably best to wait for the breakout (rise above the upper trendline) if one doubts the formation although Bulkowski reckons that with the patterns low failure rate this is not necessary.


Perhaps the RSI divergence is the strongest factor in looking for a rally anyway

[ratkin]

All you can really say is that the rate of decline has slowed.

Also where is the 4.00 support you mention Apart from being a whole number i dont see much history of this stock supporting/resisting at that price

[winner69]

Clsoe today 401 lowest close for just on a year

Tests the bottom of your wedge more than the top which is not a good sign

Methinks we need to wait and see what sort of pattern really develops

[winner69]

All you can really say is that the rate of decline has slowed.

Also where is the 4.00 support you mention Apart from being a whole number i dont see much history of this stock supporting/resisting at that price

If anything 400 has been resistance on the way up rather than support on the way down .... even though resistance can become support but generally in shorter time frames than we are looking at here

Good examples back in 2012 after it floated

[ratkin]

Charts aside , the reason i got out (months ago) was because online buying habits have changed.
Your average stay at home housewife no longer spends all day on trade me , buying second hand baby clothes.
They are buying up new stuff from cheap chinese websites, most of them with free packaging.
Same goes for books , electronics and most other items.

[CAM]

Charts aside , the reason i got out (months ago) was because online buying habits have changed.
Your average stay at home housewife no longer spends all day on trade me , buying second hand baby clothes.
They are buying up new stuff from cheap chinese websites, most of them with free packaging.
Same goes for books , electronics and most other items.

Completely agree with you here.
This is my observation as well.
Particularly for the smaller stuff. A lot of clothes and shoes being purchased directly from overseas.
Trademe might still be viable for the larger items though....for awhile longer

[Sideshow Bob]

Charts aside , the reason i got out (months ago) was because online buying habits have changed.
Your average stay at home housewife no longer spends all day on trade me , buying second hand baby clothes.
They are buying up new stuff from cheap chinese websites, most of them with free packaging.
Same goes for books , electronics and most other items.

But then sells on Tarde Me?

[artemis]

Completely agree with you here. This is my observation as well. Particularly for the smaller stuff. A lot of clothes and shoes being purchased directly from overseas.
Trademe might still be viable for the larger items though....for awhile longer

TME is now a lot more than buying and selling stuff. The company continues to acquire new lines - eg insurance, holiday rentals, overseas based sellers - and acquisitions look likely to continue.

[peat]

Attachment 5282
Mondays price action went below $4.00 but turned out to be a hammer , (bullish reversal) , yesterday was flat forming a doji (reversal pattern) on high volume, and today also rising on good volume

[winner69]

Good one pest

Looks like one of those abandoned babies moosie saw on the dIL chart.