OK - Now the BUB trade - well it gapped up to a pretty high level so ok - that is acceptable given the tweet - however it is not unreasonable to also think that it would do some sort of retest of it's now base after gapping up so high those that are trapped took the exit - question is - is that enough - well possibly - it can come down to test the 200 ema or not - we shall see - the thing is after a whole day it actually held that support level
I won't get today back watching it all day 200 mill traded this week so far 1/3 rd of SOI
So today big dump shortly after open which is fine given the high gap up potentially soaked up the supply all day so tomorrow will be the decider if it goes higher or is overwhelmed again with supply- I will comment that the direction now is important - if it has been bought and has the momentum to go higher here - it did hold up well under the conditions of having such a high gap up ... guess we see in the morning whether that was buying today or not
- Forums
- ASX - Day Trading
- Day traders' after-market lounge May 30
OK - Now the BUB trade - well it gapped up to a pretty high...
-
- There are more pages in this discussion • 16 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
Featured News
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online