SRL 3.13% 31.0¢ sunrise energy metals limited

CLQ Chart, page-39

  1. YLJ
    819 Posts.
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    My intended entry price was 0.26 on may 16th but it only made it to 0.265 and my order was not filled...
    It is too risky for me to enter now as we have moved significantly up from that level now.

    I don't really make forecasts I just analyze what is happening now and try to find trades that offer good
    risk vs reward ratio's that have a high enough probability of success that over time if i keep taking those trades
    I will make money even if many (or even the majority) do not go as expected, since my losses will be
    small and my gains much larger.
    That said, recent moves up have been taken down very quickly in v-shape retractions and we could see the same on this
    move, though the patterns I mentioned indicate a possible reversal happening... very short term I have no idea what will
    happen but if it does move upwards or even sideways out of the upper black line I will be looking for an entry where I can have
    a reasonable stop. Then, if I don't get stopped out I will be watching price as it rises to the resistance levels like: 0.37c & 0.395. Only then could I really give another opinion based on price action, volume etc... There are much more reliable patterns than the wedge which
    are easier to forecast targets.

    Im truly sorry if that seems like a vague answer but it's the absolute truth. I have to remind myself everyday that for me, as a
    primarily technical trader, I do not know what will happen no matter how much I think i do & that all I can do is manage risk &
    try put the odds in my favor over and over again. Trust me, I learned this the hard way.

    I wish you the best of luck and if anything is not clear I will do my best to explain better.
 
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Last
31.0¢
Change
-0.010(3.13%)
Mkt cap ! $27.97M
Open High Low Value Volume
32.0¢ 32.0¢ 31.0¢ $8.043K 25.72K

Buyers (Bids)

No. Vol. Price($)
1 1645 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 29476 2
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Last trade - 14.09pm 08/11/2024 (20 minute delay) ?
SRL (ASX) Chart
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