CFU 0.00% 0.4¢ ceramic fuel cells limited

its not a p&d, its the tech analysis trading

  1. 113 Posts.
    Sewell64, be careful what you post. Try to give it more accuracy and thought otherwise it comes across as simply downramping.
    Personally I don't think it's a P&D. It hasn't even been 'pumped', just a few posters talking about the obvious potential of this product and this company and this stock which is why we are all here, and one forecast that attempts to predict a future SP, which is always a ridiculous gesture that shouldn't be taken seriously.

    My opinion - and you see this so commonly that I cannot understand why it isn't more widely accepted as the trading process that it is - is that technical traders wait to see when these things hit the resistance level. If the stock bursts through the resistance of it's own merit they all jump on like sheep which raises the share price. If it doesn't, the first impatient holders bail, the price drops a little, and then they all follow suit and sell out and she continues dropping further - which simply re-inforces their support/resistance fallback theory. Then they blame "the stock" for 'not breaking resistance and falling back to the old support level' - even though they are ENTIRELY responsible for it doing so due to this trading pattern they utilise. Very annoying.
    Look at the resistance - it's had trouble breaking past the 24-25c resistance mark on a heap of occasions over the last few months. This mornings negative market slowed the fwd momentum initially, which the technical traders then read as it not breaking resistance - then the inevitable sell off by them.

    Everyone is aware that today was a bad market day all round, but this reversal was 6x the all ords reversal for today.
    There is absolutely no difference to this stock and this company from yesterdays close to todays close and by default absolutely no reason for a holder yesterday to become a seller today - yet due to this analytical trading process there was a sell-off and it is somehow valued at, and trading at, 6.82% less than yesterday.
 
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