Short Term Trading Week Starting: 10 Oct

Originally posted by Waiting4Godot ↑

STTCOMP VOC, TA Long

Market Cap $3.59 Billion,
Current share price： $5.79

STT entry based on the TA daily candle chart patterm + trading price volume analysis, backed up by Broker Activities report + broker share price target analysis + big fund big purchase on market

Reasons for STT

1. TA chart, VOC offered two big positive candle yesterday & today with very strong buying volumes & total volumes. It indicates a powerful LONG force is kicking in, either bargin hunters or big boys who are in for long term holding/value investing.

On weekly chart, from the starting of big drop till today, VOC had first time ever offered a white candle with a long legged doji, after 10 continued dark candles.

2. MACD is forming a golden cross below 0 bar which normally is a reliable bottom signal (not shown on my attached chart but you could see it in your software, also technical indicator is a bit lagging so you cant really wait until something is formed that will be a little bit slow but yes more accuracy)

3. Brokers latest rating/comments on VOC showed very strong supports, I dont think these 5 most important broker agency would on VOC.ASX at this time & price level giving BS info to the market, because that will really give a quite negative to their reputation

View attachment 291815

4. Big fund Challenger is buying a lot on market, CGF.ASX is purchasing VOC shares from 5th July till today ( net buy on market, no single sell) for a total 31.1 million shares. The average purchase price is higher than today's share price for sure, and not higher by a little. CGF became a substantial holder on 22/09/2016, I actually think they are continuing buying notice will be given to the market soon. ( There are a few pages but let me just attach two)

5. Directors buying a lot on market.
View attachment 291824

My trading plan:

I would tomorrow sit and watch if the $5.60 price level is respected or not, tomorrow is the key day for me to put my buy order through, I expect the share price to test $5.60 zone at least once.

Idealy I would like to buy around $$5.60 but I wont mind paying up to $5.75,

My stop loss price is $5.10

First target $6.20

Second target $6.80

Third target above $7.00( will see later)

Wont expect VOC does so in 1 day, will give it 3 weeks at least to see how it goes.

@speckledjim1 mate was that you or SGB tagged me before when VOC dropped on 21/09 & 22/09 ?

I was asked if I like to catch it or not my reply was ''the chart told me do not touch me in 3 days so I listen''

I now am looking for trading this one.

With my stop loss being my safe net, plus all the 5 reasons for my STT entry, at least I know what I am doing.

me thinks this would be a good timing & a good one, hopefully

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In fact Godot......strange you come on STT a thread dedicated mostly to micro caps with a large cap tip......... yesterday I mentioned on DT thread how strong was running into close Post #: 19806977

Though it seems opportune large cap ride-able......time will tell

Great thing about these larger cap ones is the continuous liquidity

In fact it's this continuous liquidity which makes the small cap larger SOI stocks more attractive lately imho.....liquidity perception with market buy depths