Short Term Trading Weekend Lounge: 15 - 17 Jan, page-6

  1. 7,636 Posts.
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    Arvo all, hope you don't mind a bit of TA on the weekends?
    PNV Saw what I thought was sentiment changing late Wednesday and so I bought right on the 200MA at 2.72.
    Next day all was going well but they obviously did not like the higher prices and we finished with a short green bar but managed to hold the 200MA. Maybe this is what they call a bull trap?
    Today was another massacre, I topped up early at 2.63 but soon saw the writing on the wall and dumped the lot for 2.58. Only two small parcels so no harm done.
    There is a lot of talk on the forum of manipulation but I am not experienced enough to tell from the depth or COS.
    @Akki, I was looking at possibly the bottom of my channel as a possible reversal point, around 2.40ish.
    https://hotcopper.com.au/data/attachments/2812/2812123-7a33cab8f97a32f536d4c9ba8729d485.jpg

 
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