Directors or insiders selling is not relevant information to effective trend following. This is just one example where too much extraneous information can potentially derail a profitable trend trade. Look at what TNE did after they sold. The price has increased some 31 percent. TNE also today traded at a new 52-week high. This is very bullish price action.
Note how price was still above rising 100 and 200-day EMA lines. The longer-term moving average lines were also well separated and rising. This important chart information overrides all other subjective input.
The objective is to ignore all opinions. A price chart is what matters most for a trend trader.
Directors or insiders selling is not relevant information to...
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 (20min delay)
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Last
$16.12 |
Change
0.070(0.44%) |
Mkt cap ! $5.249B | |||
| Open | High | Low | Value | Volume |
| $16.15 | $16.20 | $16.05 | $7.122M | 442.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 798 | $16.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.12 | 1391 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$16.08 |
Change
0.070 ( 0.29 %) |
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| Open | High | Low | Volume | ||
| $16.11 | $16.19 | $16.05 | 140555 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| TNE (ASX) Chart |