"With the benefit of hindsight the massive Bearish Engulfing Bar of week 18 Feb should have been a signal, not to mention a double top, with the upper shadow of that candle rejecting the prior high (week of July 28) of $5.28. See chart below."
Actually, you don't need hindsight all. It's simple Price Action (PA) analysis, as it was happening, there for all to see. I wasn't paying attention, bought (again) since it had been such a stellar performer, outperforming the other gold majors, and bought as the sevel red bars emerged. This was entirely my fault.
Patience in the market is a very, very hard thing.
"With the benefit of hindsight the massive Bearish Engulfing Bar...
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.8¢ | $551.3K | 2.624M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52999 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 171494 | 4 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |