Short Term Trading Week Starting: 14 Mar, page-497

  1. 2,007 Posts.
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    For anyones interest:

    Picked a few 88E today on closing auction, unfortunately it was my emotions and FOMO but I did like the Ann, and the large volume did tell me the general market likes the Ann aswell. However looking at the chart now looks like I bought a long way from support, just hope it keeps attacking resistance, maybe have a slight test day tomorrow - this one might be cost me if it goes wrong.


    DKO:
    The bar I posted thinking it was hidden buying(small spread at resistance with high volume) was hidden selling clearly confirmed by the next bar - so i got that wrong lol. Stopped out, and now looking to re-enter tomorrow, looks like no supply(low volume) from today's bar, and its about to touch the trend line + support line so could offer a very nice STT, one to watch closely.



    PSF:
    I do think 2.8 is a bottom, but waiting for confirmation tomorrow. Nice tip made by @hibikidan333 seen above. Had a target of 5c on the first wave but fell 1pip short.
    Looks like its back down to its trend line support and managed to bounce so could provide a ST run back up - not catching a falling knife so going to wait till tomorrow for confirmation.

    Intraday - stopping volume seemed to be found on 2.8c, highest volume for the day excluding opening volume -> followed by a test -> followed by demand.


    CXO: No supply yesterday followed by engulfing upbar today for confirmation looks bullish. Wouldve liked a slight bit more volume today however just to make sure demand is really there.

    SRT: Another day still holding price on silence. Looking at TWH terms today, from top of my head they are issuing 3Billion shares to vendor lol, goes to show the importance of good terms. I'm starting to think the only reason SRT is holding up so well is cause of the terms, holders dont have much risk involved with those terms so I guess theyre waiting it out.
    I'm expecting a follow up to DD next week.
 
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