So is the FA recoverable on this share ? I would assume that all...

First 82 Last

Share
Profile

Follow
Lambrae

3,625 Posts.

139

18/01/20

03:35

Post #: 42446694
Share

Originally posted by mirren: ↑

Yes Wazza - it was my understanding that there was some shady history - in hindsight or for those that did DD or for those that had prior knowledge of the bad history- of that management -easy when you know these things -
However with that news it was bound to attract interest - if traded on first two days you would have made a good trade - that is the point - hence why I posted the chart - charts are very helpful in these situations - they do give clear warnings - so IF I traded this one - and even held over night second day -
I woulda got out no question the next morning -
That is my input for traders - nothing more nothing less - be mechanical is my comment - rubbing salt into those that have lost or pointing fingers at who ramped or said what first to who and when is the ridiculous rabbit hole this thread goes down -
In the end the situation is in daytrading that you can actually trade the chart - without looking at FA - hence I posted the chart for it's usefullness -
I just would like to see a bit of clinical review - otherwise we get this nothing will work mentality - that can be a poison tool as well - missing good opportunities -
You can sit there all day long and miss a runner - it is difficult - no one said it was fair -

Expand

So is the FA recoverable on this share ? I would assume that all hope is not lost. Should go down lower to find support . Chart looks like it was prepared for the rise . The gap was always something to keep in mind , 10- 30c after two days - I always need to always take note of that . And tell my brain to accept and recognise, it should need to pull back from being overbought. There will be a shakeout soon - or a selldown. There is a good chance that there was selling happening on the green bar , as it was allowed to get well overbought. The share was very easy to bring back from being overbought, in the first red bar - showing that there was not enough demand or support present .The support on the green day , would have been the bigger players props. It had been marked up. On the 2nd red bar , the volume was reduced enough to warrant taking it higher . But the bigger player was not interested in taking it higher . It turns out to be a mark up , in order to sell anything above around 19 - 20c. Just my opinion. All the best to holders. Sorry if you got beat up on this one. Feel for you. . I don't know the FA , and haven't looked at the chart till tonight - but it needs to get a bit more oversold in order to be a buy again.
8 Upvote

Reply