Historicall support levels help me to set me stop loss.
A retrace to the previous strong support level helps me to be brave and get in with an EXPECTED minimum downside ie me stop loss is just under the support where I entered.
ummm its fun when bored to speculate about the future ??
Alarms come up when she is way over bought (can still get more overboughter ?)
No then Candles: Lower low and lower highs = watch out
Etc.
Of course if a long term investor through thick and thin hold no matter what, only sell when the bad news is out in the ASX then its irrelevant.
Trouble is the charts sometimes predict the bad news before ANYONE ever knew (yeah right)
Trouble is sometime I think its bad news but its was just profit taking (it happens aaaalllll the time)
etc etc
(I was most pleased to be of assistance in this matter)
AZZ Price at posting:
57.0¢ Sentiment: None Disclosure: Held
