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

LNG

Click for more information

0.00%

4.3¢ liquefied natural gas limited

You're confused. I asked you why you didn't sell if you're so...

First 44 Last

Share
Profile

Follow
mbatista

903 Posts.

72

06/09/19

17:36

Post #: 40343720
Share

Originally posted by mwilson25: ↑

Let me explain

The term dead cat bounce refers to a formation on a chart.

Imagine if you will a cat being thrown out the window of a building and falling to the pavement below. Although I have never seen this in person, supposedly the dead cat bounces slightly into the air and then falls back to the payment.

This phenomenon may also apply to a stock which has been falling for a while and then suddenly hits bottom and bounces. Those that realise the stock has hit bottom may then jump in believing the stock has turned and temporarily push the price up only to find that the rally is short lived nd soon the stock falls again and they lose out yet again.

This does not mean the stock is dead or doomed, only that the chart has mirrored the trojectory of our cat being thrown out the window.

I am surprised you have not heard of this term.

Expand

You're confused. I asked you why you didn't sell if you're so sure it's going to resume falling.

LNG Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WMG

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

ALR

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

WR1

Winsome scoping study proposes low-cost operation for Adina lithium project

PTR

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

SNG

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

There are more pages in this discussion • 12 more messages in this thread...

First 44 Last

Add LNG (ASX) to my watchlist