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Daytraders After Market Lounge 7th Feb, page-32

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07/02/17

19:31

Post #: 22437281
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Originally posted by Change ↑

Hey all, I had a question during the morning thread but thought the aftermarket or weekend lounges are more open to questions. I'm not trying to criticize I'm trying to learn.
It's from MBE today.
Not sure if Oscar is here but Oscar mentioned about midday "50% lower bounce entry for me."
When I looked at the chart at the time I looked at the weekly, daily, hourly and 15 minute and all I could see were consolidation indicators. Small volume around the same price not upping or down much.
I was looking for another uptick like a 50percent Retracement for a solid indicator of turn. I think it was about 12.17

Wow that's a lot of text. I guess my question is what am I not seeing? I'll post a chart after kids in bed from the time.
Any help greatly appreciated, any negativity the wicket keeper has safe hands.

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MBE. What Oscar meant was that MBE SP had dropped 50% of the closing price yesterday - 13.5c to 6.8c. So for him that was a support level.

But that is not regulation TA methodology and it did not work in this case. Nevertheless, it did bounce a little further down and hopefully he got something back.
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