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07/04/20
22:52
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Originally posted by kyngdominion:
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I find that the most important thing before TA is FA first read read and read some more then after your thorough DYOR….. 1 - speak to management if your DYOR and what they tell u doesn't add up then sell..... 2 - If they don't take your call or call you back then sell 3 - If they sell shares and state personal or tax reasons then sell 4 - If senior management resign because of over commitment or personal reason think about selling 5 - If they over promise and under deliver no matter what sell. 6 - Never invest in anything with high Debt as you could wake up loosing the lot 7 - Grade is king 8 - And many more FA reasons but now to answer your question. about TA ...... You will make mistakes but it is how quickly you rectify those mistake’s once you have made them that count.......and Selling at tops is the hardest thing to do because there are so many buyers that the thought crosses your mind = Am I wrong or are they? But once the volume subsides the top is in and the slide begins..... Candlestick is the best IMO it shows a open and close price with the intra day swings - A line chart will give better open and close lines for support and resistance lines when they are hard to read - study tops and bottoms but understand volume as well as without volume the chart can be manipulated and has little relevance. Confirmation of a pattern is important but sometimes once confirmed you have already lost 10 to 15% and this is hard with stocks under $1.00....Lets see what CHN does tomorrow for eg a close below today's daily close is confirmation of the bearish engulfing pattern I posted previously - BUT there is a massive but….. Fundamentals will always trump TA it is a chart destroyer and if CHN were to release good results tomorrow forget anything TA IT WILL GO UP. The last hour of trade is for the professionals as a daily chart only becomes realty at the close. I find a stock when all the above is ticked creates a personality you can almost feel what it is going to do so when someone says – what do you think of this stock – I go please NO not again…….Hope this helps it has saved me loosing a fortune and made me a fortune........GL
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Originally posted by kyngdominion:
↑
I find that the most important thing before TA is FA first read read and read some more then after your thorough DYOR….. 1 - speak to management if your DYOR and what they tell u doesn't add up then sell..... 2 - If they don't take your call or call you back then sell 3 - If they sell shares and state personal or tax reasons then sell 4 - If senior management resign because of over commitment or personal reason think about selling 5 - If they over promise and under deliver no matter what sell. 6 - Never invest in anything with high Debt as you could wake up loosing the lot 7 - Grade is king 8 - And many more FA reasons but now to answer your question. about TA ...... You will make mistakes but it is how quickly you rectify those mistake’s once you have made them that count.......and Selling at tops is the hardest thing to do because there are so many buyers that the thought crosses your mind = Am I wrong or are they? But once the volume subsides the top is in and the slide begins..... Candlestick is the best IMO it shows a open and close price with the intra day swings - A line chart will give better open and close lines for support and resistance lines when they are hard to read - study tops and bottoms but understand volume as well as without volume the chart can be manipulated and has little relevance. Confirmation of a pattern is important but sometimes once confirmed you have already lost 10 to 15% and this is hard with stocks under $1.00....Lets see what CHN does tomorrow for eg a close below today's daily close is confirmation of the bearish engulfing pattern I posted previously - BUT there is a massive but….. Fundamentals will always trump TA it is a chart destroyer and if CHN were to release good results tomorrow forget anything TA IT WILL GO UP. The last hour of trade is for the professionals as a daily chart only becomes realty at the close. I find a stock when all the above is ticked creates a personality you can almost feel what it is going to do so when someone says – what do you think of this stock – I go please NO not again…….Hope this helps it has saved me loosing a fortune and made me a fortune........GL
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It's the foremost to have this kind of board , secondly to have 5000 sq km in highly sought after gold in vic tenements then to see them come up with a trump with Julimar which looks to be a company maker. But on hindsight they have multiple royalties to keep it simple from sale of other assets but are also onto a least one company maker if not more, this board is extremely intelligent and will prove an astronomical resource....just need the patience as the wise words always says. Location can be just as paramount as the resource size but if management accept an offer to jump to the other potential suitors or they realize the bigger potential .... I don't see this entity going for less than $1b - do your maths