For me the moving averages are no more than levels of support. The MACD gives your momentum and right now there is none. But I guarantee you if there is no news this will slide down to the low 4's over the next 2 weeks.
To each there own, we trade differently, but I wouldn't buy off a daily as my system is weekly, I would use monthly to confirm loger term trends for mature companies, but for mine dailies are used for exit, not entry points.
Nothing on the posted daily chart suggests a turn around IMO and a few more announcements inline with today's will do more harm than good.
Let's hope there are some tangible announcements soon or some opportune buying will present itself.
- Forums
- ASX - By Stock
- BUD
- Black Friday Cyber Monday
Black Friday Cyber Monday, page-17
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)