Hi @spinc.
The lines are not there for decoration and have meaning to me.
I admit that I have a lot of noise on my charts but I remove a lot of stuff to post them so you guys can read them.
What I leave on is for people to see for themselves what I am basing my analysis on if they want to try their own analysis.
Or at least that is what I hope to achieve.
The trend lines I leave on are generally parallels of the original forks or other trends, some I drew over 12 months ago. These added lines are where I am looking for a reaction. That reaction can be a close, low, reversal etc. They also are my targets.
The little boxes denote what I believe are the trading ranges. These also give me targets.
For example when we break out of one range I am expecting a minimum sp move equal to the width of the previous range. I am also expecting a pause at the mid point and a retest of the breakout. I leave them on there for the same reason.
After a while I start a new chart with just the basic info & start again.
As for the gaps. It is now looking like Mondays will be classified as a breakaway (as long as it doesnot fill later)although the volume was not as big as some of the ones we have had. Todays one I guess we could say is a runaway gap and the volume is nearly as good as Mondays. I don't have any stats on the second type.
The fill rate is getting less for these gaps the more we have. Its up to 81% now.
Calculating the retracements on the breakaways (the unfilled ones ) I use the low on the breakout day as the base line and we did see the usual 62% retracements every time without fail. Some we saw retesting the low (100%) before resuming the rise.
I am guessing but I don't now expect Mondays gap to close & hopefully we wont see todays close either.
Well we just made a new high as I am writing this.
Where is that DD announcement?
![]()
- Forums
- ASX - By Stock
- AGY
- Charting
Charting, page-5172
-
- There are more pages in this discussion • 1,155 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGY (ASX) to my watchlist
|
|||||
Last
8.6¢ |
Change
-0.002(2.27%) |
Mkt cap ! $125.2M |
Open | High | Low | Value | Volume |
8.9¢ | 8.9¢ | 8.6¢ | $197.3K | 2.273M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 366693 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 274292 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 366693 | 0.086 |
14 | 901035 | 0.085 |
1 | 11916 | 0.084 |
4 | 199677 | 0.083 |
2 | 61500 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 274292 | 2 |
0.089 | 227131 | 4 |
0.090 | 968990 | 6 |
0.091 | 100000 | 1 |
0.092 | 21869 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
AGY (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online