ASM 6.36% 58.5¢ australian strategic materials limited

I can't believe this guy's still here waiting for $7.00 to...

  1. 1,666 Posts.
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    I can't believe this guy's still here waiting for $7.00 to arrive. His charting lines and skills are terrible, but I guess it's all part of the learning process. I'm afraid he will be growing gray hairs waiting for an entry point (apparently at $7.00).
    The uptrend is very strong and a lot of bad things need to happen to get to those sort of levels, including a market crash. Impossible? No. Probable? Also no.

    "Let the trend be your friend". At $7.00 you will be on the wrong side of the trend.

    Here is a weekly chart for you to put things into perspective.



    https://hotcopper.com.au/data/attachments/3757/3757641-089325a15848f9a77d8554af39cd1898.jpg


    And now, here is a monthly one. Ignore the lines as they are irrelevant on this chart. Now if you were to know the rules, a weekly chart dwarfs a daily chart and a monthly chart dwarfs a weekly. I'll let you "draw" your own conclusions here. Punt intended!



    https://hotcopper.com.au/data/attachments/3757/3757676-c76f86ab98c6570345c166d006008ae5.jpg



 
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