SHE 0.00% 0.9¢ stonehorse energy limited

Hmm November 2020. I actually have a saved chart from Oct 2020...

  1. 76 Posts.
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    Hmm November 2020. I actually have a saved chart from Oct 2020 which is when i was trading it last time. The MA set up is similar but the volume profile is a whole lot different this time. There was relatively no overhang back then compared to now and the volume support running through Aug- Oct was a big tell. We dont have that this time. It is probably the one thing that has me nervous about the chart now, this base hasn't had the volume churn that i would like to see to set up a decent run. The big but is do the T20 have sticky fingers or are they waiting for the news to sell into. Which in turn may set the base. I don't run on hopes and dreams and just see whats in front of me at the time.
    The chart from 2020 turned out to be spot on as i traded it a few times buying in first in Sep 2020 and i actually managed to get some great sells away and fluked one at .042 in April 21. 70% of my holdings now has been bought back from those profits .
    My charts are different now because i found the MACD and Stochs to busy for my simple brain and now i just use price, volume and a few MA's.
    I have broken a few rules in buying back in this time as i started buying too early. But right now apart from the overhang it meets my rules and the FA for the next few years sounds constructive.
    https://hotcopper.com.au/data/attachments/5600/5600538-3b93d9d808d62aac41faf3549e4261c6.jpg
    I even found a T20 from then that i saved.
    https://hotcopper.com.au/data/attachments/5600/5600554-4f8495bd9e08f5214de4a975a9444459.jpg
    SNOB
 
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