1PG Chart/TA discussion, page-36

Started off with some good TA posts, and some depth analyses, but now I'm just seeing a lot of individual punts rather than actual Chart/TA discussion...

Bet it will bounce...bounce like a rocket...50/50 bet...call it'll end red...blah blah it's no wonder I have a UNIBET ad on the right of this page.

Are we heading towards tick by tick analysis? This isn't a day-trading thread, and certainly is not a scalping thread...

Anyway, the way I see it, the depth has a resistance wall from 46-47, now 46 just got eaten up slowly today, so now it's just 46.5 and 47. They appear to me like real sitting sell orders, so if it's going to "bounce like rocket" today, I hope you've got 100k spare ready to hit the market...

If not, I think the wall will hold, and continue forming a bearish flag/consolidation, which if it does break, it will likely be testing the lows which I expect to hold...I'm trying to time my buy entry, but clearly the market has been more eager to sell recently...
Also, I see bots buying parcels of 100, 150, 250 shares, but against a 100k sell order, that's like watching grass grow...irrelevant.



Good luck to you all, and please, watch your sugar levels