Very interesting 64. I could add a couple of bits which is all in hind sight as I hadn't been following the chart - I must say much to my annoyance but there are just so many stocks. But I like your breakout at 50. I could add my very favourite pattern - a topside break so on that alone you could have bought but if you had been aware of the stock earlier it had a similar topside breakout right back at 30 when the first volume came in - if @pilsner was watching that would have been one of his "footprints". Anyway, back to what happened next - it got very overbought on the RSI and I would probably have sold the first time that got over 80. But then it rallied again, but this time the RSI did not get as high. That has been a bit of a trademark around some of the stocks that are failing. Also a couple of weeks ago the market changed and everyone started selling announcements which is something I have mentioned on quite a few occasions in my wanderings. But an excellent trade on your part.
How about the next time you find one of these beauties, let us know and we can do a sort of review that might help us all as we track the path from buying to selling.
Buying is always the easy part - it is the selling that is hard and tricky.
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Last
3,669.4 |
Change
4.400(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,665.0 | 3,694.5 | 3,665.0 |
| XSO (ASX) Chart |