Well after my last call where it got to 6.1c and I told everyone " to get real ", its going to retrace cause every indicator is " MAXACTION "
I am a little bit scared to make a call, maybe I should " whisper " the call instead in a flash..........
RSI is 92, considering that technically 70 - 75 is over bought, this indicator has been extended to the MAX.
STOCH 100 , you cant get any higher than that !!!
MACD also is MAXED, maybe a pin in it ?
BOLLIE ........skid marks on the upper bollie to the MOON !!
So the only support I see on the DAILY chart is 6.1c ( red horizontal line )
You can see at the top ( blue horizontal line ) @ 10.5 is resistance.
Lets look at the WEEKLY chart
Now we can see that 10.5 resistance a bit more properly
RSI 84, I cant see any juice left can you ?
STOCH...100% ,confirmed OVER BOUGHT, you cant get higher !
MACD, does hope spring eternal , could that indicator nudge higher, maybe to the 38 fib / 50 ?.........YES !!
As everyone has been talking about their winning strategies, maybe I will tell you how I traded ASN over the last period of time.
Now I stated in earlier posts that I bought BIG in the 2s , $50k, made 2 bags @ 6c and left 30k left over, just in case another spike, sold half again @ 7.7c as I thought it was rolling over , so $15 k left , then in the middle of my tradie job, got my mobile out to check noticed it spiked again to 9c, quickly halved that again @ 8.8 , leaving me $7k to play tomorrow if there is any skid marks left !!
Now I might put in a sneaky condition order tomorrow @ 11 and see how it runs, maximum return for your $$$
The life of a trader........special shout out to
@FlashPoint , he reckons I dont have a clue.......what do you guys think ?
So whats going to happen tomorrow ?
DUNNO !!
