I am the typical Geek, I adore maths and numbers, I love writing software, and charts and patterns to me are FHM Mag.
I never question why shares perform the way they do in relation to T/A I just accept that is how it is.I often go on about the Fibbinaci Retracements, but it is amazing how a stock heads to it like a moth to a flame, we traded in and out of .19 cents for over 15 months it was the 38.2% fib.
We flirted with .25c on numerous occasions but kept returning to it, the 50% fib. Once we well and truley clear .25 and get it in the rear mirror then I will be very happy as I see our next goal at the 61.8% fib in .30c, and usually shares love that number .
Good luck to all, I am currently writing an Android APP that will chart and critique shares using the 16 points of my trading approach.
It will be a freebie and I would love to see some of the CER faithfull using it when its completed.
DYOR. Mine is based on, pizza, pepsi max and " THE IT CROWD"
CER Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
