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13/05/17
00:14
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Originally posted by graywolf
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Alterego, thanks for the interesting chart.
Two things: (1) I can only guess at what your indicators are because the y-axis names are missing, even when I expand to full view, and only in one instance in your comments do you say what it is (i.e. RSI = relative strength index); (2) your comments in the bubbles (which I presume are notations added by you in whatever software you are using), are hard to understand because of cumbersome grammar (e.g. "prices has usually trades within range", by which I think you mean "prices usually trade within the [Bollinger band] range").
I know you've had some flak for your comments on some of the other GXY threads, and I'm not sure why you are posting so often given you don't hold any GXY stock ATM (and had the perfect opportunity to get in at 40 cents), but can I encourage you to post useful charts on the charts thread, by which I mean ones with the indicators named and with the commentary in functional English. Then we'd have the basis for some productive TA discussion (which I'd enjoy and other, non-TA HC punters might learn from).
Here's an example. I think the first indicator below your candlestick chart is a MACD. Your comment is 'short term slowdown', but I'm not sure what that refers to because if it is a MACD, the significant observation is the crossover four days ago and subsequent divergence (the crossover being something to watch for as an early buy signal) which is the key to your comment made below the chart "can make $$ downtrend or side trend", though you don't make that observation (or make a purchase yourself).
Cheers, GW
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If you look carefully in the price area, there's 3 x pattern recognition. I definitely bought it on the 1st pattern recognition, and few more when the crossovers moved up. It topped out at 49.5+, which I sold.
Believe it was Facthunter who was baiting me to buy at 49c+ which was crazy. Another 5 figure profits thanks GXY.
Have a good weekend. See you all next week, even perhaps at AGM.