Winner69 I reckon "Trip to Paris" is the omen bet for AIR shareholders in the Melbourne cup and its the second favourite. Even if you lose then go and book one on AIR for $999 each way for shoulder season in 2016 and you're still a Winner A brave man would bet $2K on the place at about $2.30 and try and get a Trip to Paris for free
Are you still in Hoop or have you decided to profit take?--..always an education getting your views..
Hi Skid..Yes still in
Short term signals have fired sell signals but I don't use these as I'm not a short term trader...Relying on short term signals when one is a medium/long term investor puts you at a high risk of being whipsawed..
Hi Skid..Yes still in
Short term signals have fired sell signals but I don't use these as I'm not a short term trader...Relying on short term signals when one is a medium/long term investor puts you at a high risk of being whipsawed..
So(for educational purposes)when would the medium term signal a sell--- breaking 2.70? (support)--?
So(for educational purposes)when would the medium term signal a sell--- breaking 2.70? (support)--?
Some medium term TA indicator signals are triggering off now at 2.80ish..I can't see many indicators as Big charts only has limited amount and Incredible charts does not present todays data (Yahoo) until much later tonight or tomorrow...Unfortunately the Charting signals which I use are late due to the sudden sharp rally and my assumption is that most TA indicators would've fired off sell signals before the EMA signals are triggered..The EMA50, 100, 200 are at 2.70 2.65 2.60 and I really don't want to be still in waiting for these to fire but there is a Chartist quandary at these levels as there are line support areas around these 2.75 to 2.65 levels which combined with the EMA's makes a strong floor and the investing wisdom is to not sell around support areas ....so it seems if AIR price keeps falling there is going to be a TA indicators v TA charting conflict scenario..so life could get complicated...
In Hindsight there's a good argument to sell out when the shareprice faltered at the 2.95 resistance area......If the share price had happened to break through after selling it's easy enough to just buy in again...
I might think about it tomorrow as it is dangerous ignoring sell signals with cyclical stocks...even more so when they exhibit this topping pattern behaviour.
After all said and done..selling out at 2.80 realising +8% profit in 3/4 weeks is not all bad..
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