Australia's largest stock trading and investment forum Australia's #1 stock forum

BUD

Click for more information

0.00%

0.6¢ buddy technologies ltd

in plain English, no one wants to buy and no one wants to sell....

First 68 Last

Share
Profile

Follow
mickey1979

2,711 Posts.

270

03/07/20

11:58

Post #: 45622944
Share

Originally posted by bombers76: ↑

Hi, a doji suggests indecision, buyers try to get away, then get pulled back, sellers try to get away, but get bought up, in the end, price hasnt gone anywhere. A repetitious series of dojis cant then be an indicator of anything, bar a sideways channelling movement. There's no fight. There's a lack of interest. If you had 7 days up in a row, then a doji on day 8, then it could be indicating a reverse, and even then, not really, especially if it had a higher high and a higher low. A doji also has importnace if it hits a round number. Say those 7 days in a row took the share price to a dollar, and the high of the doji was eactly on that dollar, impressive doji now. Even further, what if that was the third time it had gone upto that point this year, even more important. And what if after that doji it gapped up at 1.20, now all the people/computers who thought it could go either way with the doji on a dollar, are now all thinking it could keep going. So back to the 7 or 8 closes with a doji. Watching is exactly right, as opposed to doing.
peace

Expand

in plain English, no one wants to buy and no one wants to sell. Trading is very low and back to .

BUD Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Bitcoin: Current State of Play & Where to Next | Swyftx

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Emerald & Azure score Digger & Dealer awards

SVL

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

There are more pages in this discussion • 25 more messages in this thread...

First 68 Last

Add BUD (ASX) to my watchlist