TEE 0.00% 10.5¢ top end energy limited

expect alot next few weeks, page-29

  1. 237 Posts.
    re: the bigger picture dsherwood

    You could buy on a break of 6 cents or a break of the downward sloping triangle from 6, being hit today at 5.1 cents

    I treat the action on 9 Feb to 5.6 as a preliminary break not held - therefore a close at 5.2 (today) would indicate your first entry point (if adopting the above charting)

    Given the slope of the triangle 5.1 would actually be above the line tomorrow

    Naturally a break over 6 cents would provide much more reasurrance - however a trade from 5.1 or 5.2 to 6 is still a good trade without needing to go higher (although I expect the SP will break 6 cents in due course)

    Depends on your appetite for risk and your short/medium/long term view.

    Just my few cents worth.......





 
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