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1ronnie

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30/06/18

12:06

Post #: 34056141
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Originally posted by ChippyDude ↑

Ive watched Short volumes on other stocks, even 60% of daily volume short may not move the market.

Its just a guide to see if there is some shorting or zero shorting etc.

From what Ive noticed over 2 decades watching stocks and market depth, is that the SP can move in price either way regardless of what the market depth says, or what the volume is.

But Mostly if there is a Price move and also much bigger daily volume, then often will go that way.

But on TTT , volumes of under 1 million stock per day dosnt make the direction supported by volume proof.

TTT can do either of 3 things, Up, down, sideways. If I think its 50/50 of up or down. Its no point holding it, may as well take the profit rather than leave it floating with 50/50 .

My bias is down, due to the chart and possible lack of bullish news for a month or so, enough time for it to pull back and show some support at an obvious level..

I really only want to hold stock that have a much greater than 50/50 of going up. If it pulls back a decent amount, then I will look at the chart shape again and select a good entry.

Expand

https://www.barchart.com/stocks/quotes/TTT.AX/overview
Still banging on the same stuff talking sp down when we are looking more like heading towards $3 than $1.80. Barchart has it as 72pc Strong Buy.

Feels like this has the potential to be the APX of 2018/19; anyone who has traded APX can tell you regrets selling (especially on charts). If there is a good reason to sell, i have no arguments and will join the fray but at the moment no.

And if you read my Its Over thread I am pessimistic as on the markets but there will always be a few bright sparks. Believer in buying stocks with an upward looking chart than downtrodden stocks in what appears to be in bargain bins. That I believe one aspect charts tells you about market sentiment for the stock- so there Buy High Sell Higher!

TTT Price at posting: $2.70 Sentiment: Buy Disclosure: Held
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