Time for a healthy pullback, page-90

First 90 Last

Share
Profile

Follow
timmmah

29 Posts.

1

03/12/18

12:00

Post #: 36728240
Share

Originally posted by Capital Raising: ↑

That's the whole idea of a chart you are tracking the sentiment to work out which way the share price is tracking. Doesn't matter what the external factors are contributing to the move up or down. You are just charting whether the bulls or bears are in charge and going with them. For example during the financial crisis, if you were charting you were just out of the market altogether for at least a good year. Didn't matter what the company was doing individually or what was causing the downturn because the bears were in control and every chart was pointing down. It was about looking for a bottom when sentiment changed and re-entering. I find it more useful than fundamentals in the short term but that's just me. From a long term perspective I would just buy this and hold. But there is more profit for me If I can exit my entire holding at $1.73 and re-enter at $1.25 and by 27% more shares 6 weeks later. I will do this continously with this holding, I will get it right generally 4 times out of 5. With my back testing over a ten year period I usually accumulate 4 times my share holding just by trading my initial purchase. That's 4 times the number of shares not taking into account any growth in the share price.

Expand

hi CR,

just out of interest, do you have a price target (you mentioned the previous high of $1.94 in an earlier post) when you will sell or are you constantly checking the chart to see if there is any new info that might give you a sell signal ?

genuinely curious

NEA Price at posting: $1.69 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

There are more pages in this discussion • 204 more messages in this thread...

First 90 Last

Add NEA (ASX) to my watchlist

Time for a healthy pullback, page-90

Top Stories

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Climate change to drive market trends to the moon

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

KGL sniffs 19% Cu from drilling at Rockface play in NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News