CU6 - ASX Charts, page-831

TA based trading of a stock like Cu6 must be a nightmare these days.

There is one guess that is right more often than not: it's that the SP will go up. This happens irrespective of what the chart action says.

Is there anyone here who is willing to short the stock when the chart suggests a downtrend? I wouldn't!

In my view, the self fulfulling prophecies of TA trading, which have their basis on both predicting as a mob, and then acting as a mob, don't seem to hold.

As we have seen, there is the unusual issue with this company, where announcements tend to be positive: one after another! Such a frequency of positive milestones, is a very rare phenomenon in biotec!

It probably feels nice to lock in profits every time and then, but I wouldn't trade this one. The fundamentals are way too strong. It's a Hold, or Add, unless I need the cash for something urgent!

I am clearly not that much of a TA person, I guess!

Good luck to you all!