Morning trading May 4, page-213

  1. 585 Posts.
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    OT (KAU)

    That's excellent trading (particularly for your level of experience). Your entry at .265 was a great entry. Well done you.
    I only got .270 to .285 (but happy enough. I'm of a similar level of experience.) I think KAU can at least tag .295 today, but it will require a burst of volume to kick on further north. I think good PA (Price Action) test points are whether KAU bounces up off VWAP on the 5min, and whether it can push north of and then hold above the (white) 1/1 Gann Fan line. at which point, it will arrive into a supply zone (a zone of potential selling pressure)

    My reasons for selling out at .285 (general market mood, quiet PA, soft bouncing up off VWAP)

    No, I'm not an expert chartist. Yet. Hoping to learn through the exchange of ideas. Genuine ideas (not ramping).

    https://hotcopper.com.au/data/attachments/2135/2135315-a1bea5cb6e94e67b76f6901c6a8206f2.jpg




 
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