Of course everyone's allow to have their opinion on HC. But
TA should be independent & objective since you can't modify the SP trend. It is what it is. But when someone constantly post here saying they are right and post with some throwaway/biased comments, then posters here will start to doubt their true intention & integrity.
Dory started posting since early July and here are some of his commentary:
-"catch ya at 0.06"
-"reckon the other mob will overtake rap this time next week? the chart is full of broken promise"
-"
emotions well in truly in play - fairy tales don't normally come true
"
There're many great chartists on HC and one thing in common is that they always provide
non-biased,independent commentary. @Saragian is one of them.
Remember Yenom, many who read this are newbies. If someone's gonna post in a chart thread but is biased against the company's fundamentals, posters will take their analysis with a grain of salt. If they want to discuss about FA and their sentiment for RAP, feel free to post in other treads.
But don't post on RAP chart and thinking it's providing "good robust critical analysis, from all sides" just because there's a chart in the post. It appears not all TA or so called 'chartists' hold the principle of being independent.
Here's my TA:
-RSI is at 54% - fairly stable region meaning it's either overbought or oversold at the moment;
-MACD crossed on the 27th July which could be a signal for trend reversal. But the volume is relative low and could reverse back easily;
-5d SMA crossed 20d SMA on 5th Aug which could mean a short term SP uptrend.
IMO, no strong movement either way at this stage and volume remains relatively low compare to July. But then again I'm no great chartist so take the above analysis with a grain of salt
GLTAH and DYOR
