“This little zig zagging sp action is sucking out daytraders at most likely small losses.”
True to a point but it’s a cause and effect that SP is climbing. It injects volatility, draws in short termers, get the accumulators in the know to buy higher. Most current daytraders in this are the ones who got in below 10. Most of stock, over 70mil, were traded below 10 , and those who bought a decent package like me will definitely get tempted to trade part of it. As a follower, would be surprised if T4P isn’t doing the same. To make it short, Daytraders cause most pumping blood here.
Chart wise, it’s really not doing a zig-zag. Its has a clear 45ded traction as was with SYR, SIR and many other specs with strong fundamentals, during first months. I took a bit of profits late Thursday expecting it to take a breather before shooting through 20 and had to buy back on Friday morning. A sign that the fundamentals doing lots of buying.
- Forums
- ASX - By Stock
- MNE
- .30 cent target
.30 cent target, page-84
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)