morning namronette and all,
this is what I saw - first it was a quick glance - but, now I look closer I see what I was seeing - here are my thoughts.
To make the post as uncluttered as I can - I will step back in days - and hope you can go and see the details on other charts. I will just put my thoughts in words for each section.
If anyone wants a zoom on any area - ask and I will post it.
1. An amazing breakout - (the one where I got in) - but, the bars are not growing regularly and the volume growth is not as smooth as last week (8). NB - it's August.
2. Na - just a jump up.
3. Jan 29 - lovely smooth runup in volume - but, jumpy in bars - pretty nice run though
4. Angle is quite different (lower) bars all over the shop - starting with black candles and vol. breaks down.
5. August AGAIN - the big run - candles(bars) grow nicely at first - but, the vol. actually dips after the first day - has a think on the 13th - then gets on with it - lovely run - but, still, not the same as run 8.
6. Nothing like it - all over the shop like my dog when he hasn't been out for 3 days.
7. Not really worth looking at.
8. Coming off a pretty solid double bottom - bars growing beautifully, volume - as smooth as a babies bum in growth - naturally coming after the long long down trend of months duration.
STARTING with a gap - coming on news - unusual - but, the news was a bit different.
Blowing through the extremes of the candles in the downtrend - and just blowing to bits the closing trendline - as if it didn't exist. Belting through the resistance at 75 like it was a sieve.
So - in my mind - it's very different in character.
Is the downtrend over? ----------- I wait for the pause and retrace - at whatever that point will be to see what happens.
This could just continue to run to a buck without a breath - she can do that - or she might come back sit on the trendline and bounce off. Of course - she could play with our emotions and make it a false break as well ------------ looks a bit unlikely - particularly with the news imminent - and plenty of it.
For my money - this week has sent a strong solid signal - even if the break is not what it seems - the signal is crystal clear --------------------- she WANTS to run. If someone holds her back - when she breaks free - she will run harder.
At this stage if I were to put a bet on it - I would say the girl is away - and it will take some strength to pull her back - maybe not even possible.
Once she is clearly well away - and makes a new high - once the market (humans and machines) get the idea we are in clear air - I can see a rise to around the 150 mark - apx. - maybe 140 - at least -- no way can I see 120 - I would not consider that a new high - technically of course yes - but, in practicality - I would consider that a double top - assuming she didn't go on with it - but, I suspect she will.
Duration to 1 dollar could be very fast - see last august - for duration - I would just watch the angles - this girl goes against the grain - she goes up at a faster angle than she comes down - don't know why - but, for a solid position - makes it impossible to be out and in.
That's pretty much it - watch the size of the bars (candles) like a hawk - watch the volume and watch the angle.
if the bars continue to grow and the volume pokes up - and the angle doesn't change a lot - this could well be the start of a major run - and, I mean major - many many months - maybe a couple of years -------------- the size of the bars is a real giveaway.
IMO - the recent tiddler placement and instos adding around that sub 60 mark - well, they won't want their position to go red - so, they will join the let her run game.
How far can she go for a major run??????????????????????
We wait!
have a great weekend.
AJX Charting, page-364
-
- There are more pages in this discussion • 701 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 AJX (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.88M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 899999 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 58997 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 899999 | 0.011 |
2 | 3058333 | 0.010 |
3 | 1422222 | 0.009 |
1 | 75000 | 0.008 |
2 | 240000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 58997 | 1 |
0.014 | 151511 | 3 |
0.015 | 906200 | 4 |
0.017 | 321118 | 2 |
0.018 | 115942 | 2 |
Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
Featured News
AJX (ASX) Chart |
Day chart unavailable