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The Brains Trust-2022, page-644

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Luckonmyside

1,558 Posts.

110

07/04/22

08:40

Post #: 60704705
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Originally posted by paddington bear: ↑

Sorry to be so long answering your query Dave. I don't log into Hot Copper on the weekend as I try to cut myself off from everything and just update my charts and think about it all.

LYC is an example of a perfect flat topped pattern - or the sort I am looking for. I am not quite as mad on them if they are forming a pattern below an earlier high volume spike as it means you still have a lot of disillusioned people wanting to get their money back. But as we see with LYC, it is right up there at the moment.

@shooting star - I come back to the LYC chart. Sometimes these patterns are formed after a long rise but that is OK with me. It had formed a similar pattern back around $8 and at $6. LKE had a flat top around 8 but it still left it with that high volume earlier peak. It is up there now and will have to absorb some of that volume. OBV nice so there is still buying around for the stock. RSI is probably worth watching here if you are long.

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Morning paddington bear,
thought id post this chart of RDT that i come across.
To see if im on the right track to identifing a flat top pattern.
See what you think
cheers

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