Australia's largest stock trading and investment forum Australia's #1 stock forum

Short Term Trading Week Starting: 5th Sept, page-485

First 485 Last

Share
Profile

Follow
DrFork

4,136 Posts.

08/09/16

17:27

Post #: 19029870
Share

Originally posted by Waiting4Godot ↑

Hi Nambo and other STT folks who are good at charts,

would EDE be classified a breaking of downtrend on a large positive volume?

thanks and appreciate all your expertise please

View attachment 244155

Expand

Originally posted by TheArchitect ↑

Just at glance without knowing more about the stock and it's trading patterns and behaviour, looks like it tried to breakout, the full body green candle good with volume but no confirmation following it, with lower volume and price drop with the candle following the green having an upper shadow showing the higher prices were rejected and then it dropped lower the next day again, looks a bit iffy for me i wouldn't enter on it at that point I'd wait but that's just looking at the chart alone. My take on it anyway at a glance.

The true breakout was just prior where that first volume spike is and it gapped up, that would have been a good entry around that point.

Expand

Originally posted by Zand34 ↑

As Architect mentioned broke downtrend after that Gap up on 29th Aug, another gap at 0.227 to fill, as you may or may not be aware I hate Gaps they're Evil.. Stochastics overbought as well IMO.

Expand

I would concur with the views from TA and Z34. Needs to break and hold that yellow trigger line linking the two pivots of the yellow fork to confirm a buy from here on IMO.
3 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

The winners & losers on market if negative gearing were gone

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

There are more pages in this discussion • 96 more messages in this thread...

First 485 Last