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

XJO

Click for more information

0.19%

8,002.7 s&p/asx 200

Really enjoyed the story of Chris and the beanstalk. Thanks chris

First 23 Last

Share
Profile

Follow
BiggDaddy

1,842 Posts.

43

23/12/15

20:37

Post #: 16678254
Share

Originally posted by ChrisFord ↑

Bought more beans last night (new triangle). Seeing a clear bullish consolidation below the 100 sma and 23.6% of 144 day move down into low. Moved stops up to 856 (red line) so still prepared for a loss because price has to come back that far before I accept there is a high probability that something else is occurring, other than what I presently see. That stop might move just below the higher low to allow for a higher double bottom, but that really wouldn't seem probable with the big outside days/engulfing candles. If price does come back that far, I would expect to have hedged as the bottom would likely be dropping out of beans for some unknown reason which even the fundamentals are not presently supporting even remotely.

Waiting for crude to do something stupid to the downside. Patiently waiting, and watching, waiting and watching. Still. Knowing that if and when the time comes to act, action will happen of its own volition, and the observer need do nothing but observe.

View attachment 126614

Expand

Really enjoyed the story of Chris and the beanstalk. Thanks chris
3 Upvote

0 Great analysis

Reply

Top Stories

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

AI stocks: What to expect in 2024-25

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

There are more pages in this discussion • 2 more messages in this thread...

First 23 Last

Add XJO (ASX) to my watchlist