BCC 0.00% 16.5¢ beam communications holdings limited

Ann: Beam Records Double-Digit Growth in Half 1 Revenue & Profit, page-27

  1. 4,646 Posts.
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    Cut the loss of -$50 straight into 28.5 this has been one of the shittest charts I ever saw. I guess I expected too much out of this supply laden chart. Was in at 31c when this news release came. I thought I got a decent price on what could be an earnings winner. Considering prices have reacted with a sell off, as great as the numbers appear the REACTION TO THE NEWS IS AN EARNINGS LOSER! I bailed. 27c is coming but not at the expense of losing $200 there. Good luck holders. Will eventually do a bounce into a resistance but not enough to take me out as a winner.

    Infact this is going to end badly when they break down below the 200 EMA. I read this junk wrong. Looked like one frustrating chart when I first looked at it and was betting on some form of a short squeeze as that has been the main market catalyst especially on a good news announcement....Also, since the chart did look toppy my initial instinct was to want to short it, BUT an EARNINGS WINNER is what I thought this was! Therefore I was scared to go against what intuition showed me....When it can't do what it should have done by all means, then this is definitely a very weak stock. I am short biased now. Should take out good stops below 27c if so NEW TARGET IS 21c attached is a Daily. Notice the strong toppy action threatening a breakdown?

    SENTIMENT SELL CLEAR RISK LEVEL IDENTIFIED i'll feel so much better for cutting this when I see it tank wink.png Peak Asset Management just locking in too much profits from their free cheaply issued oppies. Scums eek.png

    https://hotcopper.com.au/data/attachments/2957/2957212-eeeaccd969efaf5c607b7b34ae0bb1ad.jpg

    Last edited by Cheeky-Charm: 01/03/21
 
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