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

4DS

Click for more information

3.85%

7.5¢ 4ds memory limited

4DS Chart for Long Term Holders, page-186

First 186 Last

Share
Profile

Follow
Arrr!

262 Posts.

162

17/01/20

09:03

Post #: 42427068
Share

Originally posted by Steady_183: ↑

"We are right at the bottom of the channel here. Only way is up (logically) as there is no reason to break down."

I have to completely disagree with this comment. The overall trend of this stock, looking at the monthly down, is bearish. Trends continue more often than they don't so the greater probability is for the channel to fail. No news is a perfectly good reason as well for this stock to fail. All it would take is for a few fairly sizeable holders to capitulate on the story and start triggering stops below that channel and it will break quite easily.

The other things to note on the weekly is that each time the stock touched the bottom of the channel volume rose sharply and the stock bounced. The last 2 touches barely any of the same volume and now we are just sitting on the lower edge. I'm concerned with the current PA and telling people it can only logically go up from here is not anywhere close to the truth.

In saying that, trading is more an art than a science, it's not to say it wont rise but it's all about probabilities.

As always DYOR

Expand

What a load of shite. "The overall trend of this stock, looking at the monthly down, is bearish".

Here's a monthly chart showing a 4 year uptrend. What part of that is bearish?

4DS Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
15 Upvote

5 Great analysis

Reply

Top Stories

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GRX

GreenX picks up prospective copper project in Germany

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

There are more pages in this discussion • 1,406 more messages in this thread...

First 186 Last

Add 4DS (ASX) to my watchlist

(20min delay)
Last 7.5¢		Change -0.003(3.85%)		Mkt cap ! $134.0M

Open	High	Low	Value	Volume
7.8¢	7.8¢	7.5¢	$403.5K	5.327M

Buyers (Bids)

No.	Vol.	Price($)
3	136757	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	50000	1

View Market Depth

No.	Vol.	Price($)
3	136757	0.074
5	228684	0.073
5	1144675	0.072
2	600000	0.071
8	1232856	0.070

Price($)	Vol.	No.
0.076	50000	1
0.077	100000	1
0.078	120000	1
0.079	131204	2
0.080	1700	1

Last trade - 11.24am 02/08/2024 (20 minute delay)

4DS (ASX) Chart