MSB a couple of largish trades went through at auction, 100k and...

  1. 7,636 Posts.
    lightbulb Created with Sketch. 196
    MSB a couple of largish trades went through at auction, 100k and 200k worth. Personally sold half my holdings in this at 5.56 banking a nice profit and carrying a nice parcel for nix. If this level at 4.50 breaks down next support is around the $4 psychological mark which is around where I will be waiting. It is also around the weekly support. The chart tells the story and I should have sold when it breached the $5 mark.
    https://hotcopper.com.au/data/attachments/2461/2461712-7f70018f5702e73676b2034c6883e3e8.jpg
    Out of TPW for 18% on a decent parcel after a couple of weeks hold. It has had a very good run but I cannot work out the last two weeks bars so decided to take the money and run. Maybe someone can see a pattern in those last 9 bars? It is some sort of triangle but not sure what.

    https://hotcopper.com.au/data/attachments/2461/2461735-9802b4d2a6a3d0b2f66e30fd4a4ae154.jpg
    With my short termers, still holding RBL, it is back to my buy price but I topped up higher up during the week. I have faith here and it is in a long term uptrend. I have found that if I open up the chart to a weekly I can find another secondary support line which I think serves to support the daily trend. Here the longer term EMA's have not wavered and they are showing a nice consistent flow upwards. As with TPW the last few bars are confusing me, maybe its just the overall market.

    https://hotcopper.com.au/data/attachments/2461/2461757-1928f74422104dcfddfe27217e0dc922.jpg
    Still holding PBH and PFT, which I topped up today at 60, and also the speccies CNB, TMZ, PSL, SHH. Badly stuck in BPH now and a pilot buy in minnow in MMI.
    Good luck tomorrow and have a good night all.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.