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8.7¢ 4ds memory limited

4DS Chart for Long Term Holders, page-186

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262 Posts.

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17/01/20

09:03

Post #: 42427068
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Originally posted by Steady_183: ↑

"We are right at the bottom of the channel here. Only way is up (logically) as there is no reason to break down."

I have to completely disagree with this comment. The overall trend of this stock, looking at the monthly down, is bearish. Trends continue more often than they don't so the greater probability is for the channel to fail. No news is a perfectly good reason as well for this stock to fail. All it would take is for a few fairly sizeable holders to capitulate on the story and start triggering stops below that channel and it will break quite easily.

The other things to note on the weekly is that each time the stock touched the bottom of the channel volume rose sharply and the stock bounced. The last 2 touches barely any of the same volume and now we are just sitting on the lower edge. I'm concerned with the current PA and telling people it can only logically go up from here is not anywhere close to the truth.

In saying that, trading is more an art than a science, it's not to say it wont rise but it's all about probabilities.

As always DYOR

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What a load of shite. "The overall trend of this stock, looking at the monthly down, is bearish".

Here's a monthly chart showing a 4 year uptrend. What part of that is bearish?

4DS Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
15 Upvote

5 Great analysis

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(20min delay)
Last 8.7¢		Change -0.001(1.14%)		Mkt cap ! $153.4M

Open	High	Low	Value	Volume
8.9¢	9.0¢	8.7¢	$47.37K	535.2K

Buyers (Bids)

No.	Vol.	Price($)
3	517627	8.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	328814	4

View Market Depth

No.	Vol.	Price($)
3	517627	0.086
6	430940	0.085
2	120000	0.084
4	1046529	0.083
4	118164	0.082

Price($)	Vol.	No.
0.089	328814	4
0.090	265943	5
0.091	61000	2
0.092	173359	3
0.093	632608	2

Last trade - 10.42am 09/07/2024 (20 minute delay)

4DS (ASX) Chart