Day traders' after-market lounge June 30, page-8

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mirren

12,235 Posts.

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30/06/21

18:19

Post #: 54186153
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Originally posted by rick64: ↑

CNB
Took a while but got a top up at 33. Used that pivot low from announcement day as a support guide. Can go either way from here but owes me nothing.

POD
Took over two weeks after selling most at 65 to hit my support level at 47 but it paid off in spades today. I saw lower volume with spinning top as a possible reversal point and was hoping it would copy the previous time. Same as CNB, owes me very little.

LSA
Holding at 5, was lower but got sucked in to buying at 5.4/5.2 previously when those props appeared. Held on and is paying off currently. Not so good at reading PA on these fast movers but the arvo action leads me to believe it is going higher, plus have had time to do some research, very much tied up with LTR which has been a freak for my mate Zero.
One query, the falling volume, does this mean less profit takers or less interest? I would have thought with the dominant bars there would be increasing volume? @sintrate @mirren

Great finish for the week today but overall not so good for the calendar half year. Up 1.5% for the week but down nearly 10% for the half year, compared to up 45% for the previous 6 months. Up 4.5% today so hopefully that is foretelling of things to come.
Bit of a slow learner but am getting that patience is key. Concentrating on PA and volume, using indicators only as supplements.

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LSA - on the weekly is a bit different - up at a resistance zone rising volume - So perhaps absorbing supply on the daily

Hourly chart prob needs to find more volume to continue -it is a bit difficult to read as could be bullish absorption - If however it is a fakeout here get off and watch to see where it pulls back to - may depend on whether it has a catalyst to continue not sure
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