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20.5¢ aurelia metals limited

Valuation and SWOT Analysis - AMI, page-238

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eshmun

12,261 Posts.

3833

04/06/19

11:03

Post #: 38895466
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Originally posted by eshmun ↑

If you were trading this on the daily using the Ichimuko chart you would have exited the last long postion on the 15 March 2019 when it closed at 87 cents (below the Kijun-sen span , brown line, see chart below). This actually means you would have missed the recent high of 99cents but you would still be around the money with your exit now. If the AMI SP rises from here it will likely signal a new long entry on the daily chart very soon. See how the Tenkan-sen span and the Kijun-sen span have converged and are about ready to cross.

As I said Ichimuko analysis is good for indentifying long sustained trends so it's better to take your signals from the weekly or monthly charts although it can work for daily charts as well. The previous long entry on the daily was on the 17 Jan 2019 at 79 cents, following the entry and exit signals would have made you a gain of 8 cents.Esh

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On this occasion the exit signal on the daily Ichimuko Chart at 87 cents on the 15 March 2019 has proved reliable. Very bad announcement for SH today from a number of angles. Seems to be a pattern amongst many ASX gold producers. Makes you wonder about the quality of projects and management. The sector is turning into an absolute lottery. Esh

AMI Price at posting: 54.0¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 20.5¢		Change 0.005(2.50%)		Mkt cap ! $346.7M

Open	High	Low	Value	Volume
20.0¢	21.0¢	20.0¢	$697.8K	3.410M

Buyers (Bids)

No.	Vol.	Price($)
1	6000	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	834678	9

View Market Depth

No.	Vol.	Price($)
6	139289	0.200
4	440000	0.195
6	535404	0.190
6	320317	0.185
5	166626	0.180

Price($)	Vol.	No.
0.210	727101	7
0.215	156858	4
0.220	938268	13
0.225	430156	5
0.230	886344	9

Last trade - 16.10pm 18/10/2024 (20 minute delay)

AMI (ASX) Chart