ZEL - Z Energy.

[biker]

Mr Market is not stupid and this float action is viewed as not a great proposition and Mr Market has priced it below float price...At $5.80 this morning the great looking chart before the trading halt has suddenly broken down and firing of sell signals...The trend is still intact, breaking $5.60 would end the present bull tide....

....so I would apply the investing law .. don't buy near resistance levels, buy near support levels with tight stops..Buying on the $5.60 support would be hazardous to your financial health as it could gap down if broken ..beware



I would apply the investing law .. don't buy near resistance levels, buy near support levels with tight stops.. Well well well $6.00 was meant to be the support floor and an attractive price level to buy into the float...however the plans of mice and men went astray and now the $6.00 is the the ceiling, a resistance point and so theoretically not an attractive price level to buy into the float...

Disc:....TA kicked me out of my final remaining share yesterday...All in Cash now (apart from the 2 dogs in my bottom draw kennel)

Well, not sure what all that means but the share price has returned very quickly to $6.70 and buying at 5.85 doesnt seem like a bad move, up over 14% regardless of TA.

[Joshuatree]

Well, not sure what all that means but the share price has returned very quickly to $6.35 and buying at 5.85 doesnt seem like a bad move, up over 8% regardless of TA.

Yeah sometimes TA just creates a big sticky tangle to trap one to be negative/ numb. Meanwhile I'm on my way to double bagger at this rate.
Craigs revised their 12 month target price up 22c to $6.81 back in Sep.. Currently $6.74 and rising; some super confident of a positive decision re takeover; hope they are right .