Just wanted to follow up on this from a few days ago.
Today, we have a decent buying volume into the ask, whereas the last 2 days we have struggled to have anyone willing to move up, it's been a consistent case of buyers sitting below and waiting.
On the chart, it's been a number of doji signals which can be indicators of a few different things.
sometimes exhaustion, sometimes lack of interest, sometimes a pivot.
The salient point here though is nothing has changed with the company during that time period.
I do enjoy analyzing the charts, it does help when I short term trade stocks but relying on charts only is a high risk proposition.
There isn't a technical indicator that's reliable to tell you how a stock will move on a given day, which is why the T+2 folks baffle me completely, it's a total gamble.
The technicals are interesting and useful, but there really isn't a substitute for fundamentals analysis, an investment thesis based on that and solid nerve and commitment.
- Forums
- ASX - By Stock
- IHL
- CHART Thread
CHART Thread, page-2868
-
- There are more pages in this discussion • 134 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IHL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online