eM - I can't tell you where the bottom is just now. It could be 0.038? I know, I know, sick, but it's entirely possible! I trade on the volume. If the volume to sell back into is thin, I buy, because the risk is now low.
Let's try this then. Let's run FMS as if it was ADY. The stock fell to 0.041 before rebounding two sessions later for 0.063 (I sold my ADY today for 0.062. I bought this same stock two weeks ago for 0.074 - 40K units - a loss, but a damn side better than taking the loss at 0.041!!)
- FMS will most likely trade in a trough for a while. Will that trough be between 0.04 and 0.05, 0.05 and 0.06 or 0.6 and 0.07?
- Can you make a bit at each level? More than likely yes.
- Will you buy more at each declining level? Sure.
Remember the market will determine where the bottom lies, so we have to look at where the sellers are and then hedge a position. Will look tomorrow for the first shot IF it dips below 0.07.
iPod
POWER WALKER
- Forums
- ASX - By Stock
- RHK
- and soon the bounce
and soon the bounce, page-17
-
- There are more pages in this discussion • 4 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
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
NEWS
Is oil undervalued?
BOE
Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan
Add RHK (ASX) to my watchlist
(20min delay)
|
|||||
Last
76.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $151.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 143 | 76.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.0¢ | 551 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 143 | 0.765 |
1 | 2631 | 0.760 |
1 | 5538 | 0.740 |
1 | 1309 | 0.700 |
1 | 10000 | 0.650 |
Price($) | Vol. | No. |
---|---|---|
0.785 | 6778 | 1 |
0.790 | 551 | 1 |
0.800 | 4936 | 2 |
0.820 | 540 | 1 |
0.830 | 10355 | 1 |
Last trade - 09.28am 07/08/2024 (20 minute delay) ? |
Featured News
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
NEWS
Is oil undervalued?
RHK (ASX) Chart |
Day chart unavailable