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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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07-03-2019, 10:03 AM
#4531
Interesting chart ...
InkedTRAbot.jpg
RSI (upper red circle) is shockingly low - and does not show any inclination to cross back over the 20 (which could be an indicator for a trend change) ...
Downward momentum (lower red circle) seems to fade ... but the last times it did that it didn't do the SP any favour.
Volume (second last graph) was yesterday a bit higher - but if you look back in time, the peak was in no way outstanding, we had plenty of higher ones on the way down to where we are. Sometimes these spikes caused subsequenty a wee dead cat bounce and often they didn't.
Maybe TA specialists like Moosie or Hoop could read more out of this chart, but I see so far just a shocking and unrelented downtrend ... and no indications yet for a change.
And no winner, while I don't think my typical trade packages would have made a huge dent into yesterdays volume - just for the record, I didn't buy (well, not TRA ).
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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07-03-2019, 10:14 AM
#4532
Waiting for a punter to hit the $2.16 button.
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07-03-2019, 10:17 AM
#4533
Originally Posted by couta1
Waiting for a punter to hit the $2.16 button.
Well, here is your opportunity to sacrifice yourself for the common good ;
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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07-03-2019, 10:22 AM
#4534
Originally Posted by BlackPeter
Interesting chart ...
InkedTRAbot.jpg
RSI (upper red circle) is shockingly low - and does not show any inclination to cross back over the 20 (which could be an indicator for a trend change) ...
Downward momentum (lower red circle) seems to fade ... but the last times it did that it didn't do the SP any favour.
Volume (second last graph) was yesterday a bit higher - but if you look back in time, the peak was in no way outstanding, we had plenty of higher ones on the way down to where we are. Sometimes these spikes caused subsequenty a wee dead cat bounce and often they didn't.
Maybe TA specialists like Moosie or Hoop could read more out of this chart, but I see so far just a shocking and unrelented downtrend ... and no indications yet for a change.
And no winner, while I don't think my typical trade packages would have made a huge dent into yesterdays volume - just for the record, I didn't buy (well, not TRA ).
I don't see any TA indicators that show any trend reversal however a big fish accumulating could turn things around in short order.
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07-03-2019, 10:42 AM
#4535
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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07-03-2019, 11:09 AM
#4536
Originally Posted by Balance
Looks like short-covering - very nice profit to cover while Milford is still dishing stock out?
Will get excited if insiders are buying!
Have a look at MHJ if you want to see how a stock gets oversold but the smart money bought - case of directors putting their money where their words are and buying stock.
TRA?
No signs of directors buying - instead one sold!
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07-03-2019, 11:50 AM
#4537
Wandered into Wellington City site
- About 40 cars but no customers but it was quite early in day
- Sales consultant (won’t name him as Todd might tell him off) said action was a bit ‘slack’ in the first few weeks of opening but steadily picking up as time goes by
- Running ahead of target if that means anything
- Wouldn’t tell me how many sales they make a week
- Apparently the Porirua site sales had not been affected by having the two sites in Wellington area
- All the cars were discounted ...but that’s the old car salesman trick eh
- Even had a Merc for sale
Just another car yard ....not really my things ng but need to do my ‘homework’
Should have listed the regos and go back in a couple of weeks ....and probably see most of them still there
Last edited by winner69; 07-03-2019 at 11:51 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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07-03-2019, 12:48 PM
#4538
We are on a roll ...cool
Dont think we will ever see 215 again
At the top of every bubble, everyone is convinced it's not yet a bubble.
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07-03-2019, 01:13 PM
#4539
Google celebrating the life of Olga Ladyzhenskaya today bought back memories of when I did that sort of stuff .....should have stuck with it instead of being a foolish holder of Turners shares
But looking good at the moment
At the top of every bubble, everyone is convinced it's not yet a bubble.
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07-03-2019, 01:19 PM
#4540
Beagle be gnashing his teeth now that he knows he got the sub $2 call wrong.Lol
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