MONTHLY CHART : As to be expected changes more slowly. The confirmed sell signal was given here in late 2015 when we saw
a crossover of indicators at about the 10 cent mark. It is a horrible thing to see if you are holding shares and leaves many
asking themselves whether to take a small loss or do they hold looking at a larger paper loss etc. Some may be held in
profit and they would sell here if they were chart watchers.
Indicators that I am now giving ticks to on the monthly include RSI, STf and STs, MOM, OBV, DMI and CCI.
All of these indicators are telling me that things are now changed for the better.
WEEKLY CHARTS : RSI a bit over 60, MMA tightly squeezed - a good indicator, what I regard as my 2 most reliable
are DMI with ADX now at about 15 and CCI about +300 both get ticks and McD positive tick.
I am seeing green on these charts - my favourite colour. The colour I least like to see is yellow - the colour of urine and
it pisses me off. There are no gaps here for traders to look at.
DAILY CHARTS : I must tell the truth here and say that they do look far less attractive. Maybe that is because a few wanted
a more precise earnings estimates from the last announcement - something I believe was impossible to give.
We had a buy signal given mid November when we saw an indicator crossover at 0.013 with volume. It leaves me asking
myself, were these investors or traders. My hope is that they are investors with the intention of holding for a longer
time as I will be doing.
Not being a trader I am still happy to hold here and add because of the weekly and monthly charts. It is my belief that
standing back a bit and watching those charts gives a far better picture and reflects on announcements we have had to
date, all of which I have liked and thought to be well worded and not over promising.
When I look at absolute worst case scenario I am thinking that sorry you would be declared MD to sell at that silly price
and we all know that someone declared MD cannot make a contract. They are mentally incapable of doing so.
So yes I have my money where my mouth is and can indeed be serious at times. So all the best to you and GLTAH.
Now get studying charts you lot! I can assure you that you will never again buy a share without looking at them once
you get started.
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|||||
Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $49.37M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.0¢ | $8.266K | 396.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1439405 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 420131 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 1439405 | 0.020 |
8 | 1546603 | 0.019 |
13 | 2579053 | 0.018 |
7 | 1012891 | 0.017 |
5 | 1692000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 420131 | 2 |
0.022 | 300000 | 3 |
0.023 | 300000 | 1 |
0.024 | 154809 | 3 |
0.025 | 486936 | 6 |
Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
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