"According to what the charts were saying we shouldn't have corrected this low"
A chart always follows the market. The market does not follow a chart.
The issue here is one of crystal ball gazing. Patterns break down all the time. Chartists are proved wrong a lot of the time. We look for high probability patterns, but the market will do what it wants to do - yes ,and moreso in a penny stock where price is easily influenced.
But stay interested. Though you'll find that theres one basic problem with posting charts - they are static representations of market structure at a point in time, whereas market dynamics may completely negate this scenario one bar later. Most TA's will have a risk control measure in place - that is, they'll assume the market setup is pointing to a high probability trade and control their exit/losses should the market prove them wrong.
But if we go back to the basics, on a weekly chart we are still in an uptrend. Im hoping the pain is short lived!! GLTA
- Forums
- ASX - By Stock
- Chart
"According to what the charts were saying we shouldn't have...
-
-
- There are more pages in this discussion • 134 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEE (ASX) to my watchlist
(20min delay)
|
|||||
Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $140.4M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 16.0¢ | $858.5K | 5.053M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 199790 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 659280 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 199790 | 0.170 |
13 | 212058 | 0.165 |
10 | 182722 | 0.160 |
5 | 435104 | 0.155 |
7 | 533683 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 656326 | 12 |
0.180 | 567750 | 7 |
0.185 | 458440 | 7 |
0.190 | 213256 | 4 |
0.195 | 288477 | 6 |
Last trade - 10.55am 01/10/2024 (20 minute delay) ? |
Featured News
AEE (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online